EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔽
USD/CAD 🔼
XAU ▶️
WTI 🔽
US GDP readings for the second quarter of 2022 were at -0.6%, aligning with market estimates. On the other hand, Initial Jobless Claims have decreased from 213,000 to 193,000, slightly more optimistic than the original projection of 215,000. A contracting economy has sent US stocks further down, all three major indices fell to over a two-year low, Nasdaq 100 dropped the most to 11,164.78, losing 2.86% in the process.
Despite Canada’s GDP rising by 0.1% over a -0.15% forecast, USD/CAD still managed to close higher at 1.3677, after retreating from 1.3752. German CPI has reached double figures at 10%, and the Eurozone CPI this afternoon is also expected to have a 9.7% spike. But high inflation didn’t stop the Euro from regaining territory lost earlier this week, EUR/USD regained upward momentum after falling from 0.9640, to a closing price of 0.9814.
The British Pound continued to bounce back fiercely after the previous dive, by surging 188 pips to 1.1115. Meanwhile, the Aussie / Dollar pair experienced some oscillation and closed with a modest loss at 0.6499.
A strong dollar and recession fears led to more risk-aversion in the market, and gold prices were little changed at $1,660.61 an ounce, despite dropping to $1,642.0 prior. WTI oil futures went slightly lower to $81.23 a barrel, although oil prices could rise since OPEC is likely to cut production, and civil unrest in Iran made the nuclear deal more difficult to close.
More information on Mitrade website.
GBP/USD 🔼
AUD/USD 🔽
USD/CAD 🔼
XAU ▶️
WTI 🔽
US GDP readings for the second quarter of 2022 were at -0.6%, aligning with market estimates. On the other hand, Initial Jobless Claims have decreased from 213,000 to 193,000, slightly more optimistic than the original projection of 215,000. A contracting economy has sent US stocks further down, all three major indices fell to over a two-year low, Nasdaq 100 dropped the most to 11,164.78, losing 2.86% in the process.
Despite Canada’s GDP rising by 0.1% over a -0.15% forecast, USD/CAD still managed to close higher at 1.3677, after retreating from 1.3752. German CPI has reached double figures at 10%, and the Eurozone CPI this afternoon is also expected to have a 9.7% spike. But high inflation didn’t stop the Euro from regaining territory lost earlier this week, EUR/USD regained upward momentum after falling from 0.9640, to a closing price of 0.9814.
The British Pound continued to bounce back fiercely after the previous dive, by surging 188 pips to 1.1115. Meanwhile, the Aussie / Dollar pair experienced some oscillation and closed with a modest loss at 0.6499.
A strong dollar and recession fears led to more risk-aversion in the market, and gold prices were little changed at $1,660.61 an ounce, despite dropping to $1,642.0 prior. WTI oil futures went slightly lower to $81.23 a barrel, although oil prices could rise since OPEC is likely to cut production, and civil unrest in Iran made the nuclear deal more difficult to close.
More information on Mitrade website.