US GDP growth less than expected
On Thursday, US quarter-on-quarter GDP reported a 2.7% increase, over market estimates of 2.9%. The US dollar then weakened with USD/CAD moving down 2 pips to 1.3547, and USD/JPY falling 20 pips to 134.70.
Meanwhile, EUR/USD declined 6 pips to 1.0595, as the Eurozone year-on-year inflation rate rose 8.6% as Mitrade has expected. GBP/USD dropped 31 pips to 1.2013, and AUD/USD traded 4 pips higher to 0.6807.
To prepare for a possible decline in oil production, US Crude Oil Inventories added 7.648 million barrels, though WTI oil futures added $1.44 to $75.39 a barrel. Bitcoin is trading lower at $24,073.0, and Ethereum just climbed to $1,659.52.
The Nasdaq 100 surged 113 points (+0.94%) to 12,180. The S&P 500 rose 21 points (+0.53%) to 4,012, and the Dow Jones Industrial Average also gained 108 points (+0.33%) to 33,153.
Meanwhile, EUR/USD declined 6 pips to 1.0595, as the Eurozone year-on-year inflation rate rose 8.6% as Mitrade has expected. GBP/USD dropped 31 pips to 1.2013, and AUD/USD traded 4 pips higher to 0.6807.
To prepare for a possible decline in oil production, US Crude Oil Inventories added 7.648 million barrels, though WTI oil futures added $1.44 to $75.39 a barrel. Bitcoin is trading lower at $24,073.0, and Ethereum just climbed to $1,659.52.
The Nasdaq 100 surged 113 points (+0.94%) to 12,180. The S&P 500 rose 21 points (+0.53%) to 4,012, and the Dow Jones Industrial Average also gained 108 points (+0.33%) to 33,153.
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