On Sunday, the market was relieved as Swiss bank UBS agreed to acquire Credit Suisse for over $3 billion, backed by the Swiss central bank. Last Friday, the Eurozone's year-on-year inflation rate increased by 8.5% as expected by Mitrade, and EUR/USD increased 61 pips to 1.0666.
Before the bailout announcement Sunday, the Dow Jones Industrial Average plunged 384 points to 31,861, the S&P 500 fell 43 points to 3,916, and the Nasdaq 100 dropped 61 points to 12,519.
GBP/USD rose 68 pips to 1.2175, and AUD/USD advanced 41 pips to 0.6695. USD/CAD edged up 9 pips to 1.3727 but USD/JPY declined 193 pips to 131.79.
Spot gold prices surged almost $70 to $1,989.34 an ounce, reaching their strongest level in 11 months. WTI crude futures slid $2.10 to $66.22 a barrel. Bitcoin climbed to $27,786.0, after climbing to $28,300, the highest level since June 2022. Ethereum rose more than $100 to $1,776.59.
Before the bailout announcement Sunday, the Dow Jones Industrial Average plunged 384 points to 31,861, the S&P 500 fell 43 points to 3,916, and the Nasdaq 100 dropped 61 points to 12,519.
GBP/USD rose 68 pips to 1.2175, and AUD/USD advanced 41 pips to 0.6695. USD/CAD edged up 9 pips to 1.3727 but USD/JPY declined 193 pips to 131.79.
Spot gold prices surged almost $70 to $1,989.34 an ounce, reaching their strongest level in 11 months. WTI crude futures slid $2.10 to $66.22 a barrel. Bitcoin climbed to $27,786.0, after climbing to $28,300, the highest level since June 2022. Ethereum rose more than $100 to $1,776.59.