Friday rally bring US indices half way back to pre-June levels
EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU 🔼
WTI 🔼
Last Friday, US stocks managed to halve the losses from early June, major stock indices gained between 2.68 to 3.49%. For individual performances, Meta Platforms rose by 7.19%, and Royal Caribbean Cruises (RCL) had a 15.77% spike as the travel sector outperformed the market.
The risk on mood also encouraged investors to prefer major currencies other than the US dollar. Despite the German IFO business climate index and UK retail sales readings not meeting market projections, EUR/USD and GBP/USD climbed to 1.0554 and 1.2262 respectively with oscillations.
AUD/USD closed at 0.6948, and just dropped to 0.6913. USD/CAD sharply declined over the weekend with a closing price of 1.2893, losing more than 100 pips. Later tonight, the US Census Bureau will provide the latest figures on Durable and Capital Goods Orders.
Gold futures recovered from last week's low of $1,823.5 to $1,830.3 an ounce, now reaching $1,838.4. U.S. WTI crude futures had a choppy trading session, concluding at $107.62 a barrel.
More information on Mitrade website.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU 🔼
WTI 🔼
Last Friday, US stocks managed to halve the losses from early June, major stock indices gained between 2.68 to 3.49%. For individual performances, Meta Platforms rose by 7.19%, and Royal Caribbean Cruises (RCL) had a 15.77% spike as the travel sector outperformed the market.
The risk on mood also encouraged investors to prefer major currencies other than the US dollar. Despite the German IFO business climate index and UK retail sales readings not meeting market projections, EUR/USD and GBP/USD climbed to 1.0554 and 1.2262 respectively with oscillations.
AUD/USD closed at 0.6948, and just dropped to 0.6913. USD/CAD sharply declined over the weekend with a closing price of 1.2893, losing more than 100 pips. Later tonight, the US Census Bureau will provide the latest figures on Durable and Capital Goods Orders.
Gold futures recovered from last week's low of $1,823.5 to $1,830.3 an ounce, now reaching $1,838.4. U.S. WTI crude futures had a choppy trading session, concluding at $107.62 a barrel.
More information on Mitrade website.