EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU 🔼
WTI 🔽
The European Central Bank finally increased its interest rate by 50 basis points, in order to drive inflation back to 2%. Though Europe has lagged behind other major central banks in terms of tightening monetary policy, the decision still exceeded the 25 bps forecast. Euro gained momentum against the greenback, EUR/USD briefly surged to 1.0275 before closing at 1.0228.
While the UK top job has narrowed down to the final two candidates, GBP/USD fluctuated around the 1.2000 level and closed at 1.1993 with minor gains. Later tonight, domestic retail sales and price manager index related data will be available. AUD/USD had slumped to a low of 0.6861, but climbed to 0.6929, gaining over 30 pips.
USD/CAD retreated from 1.2936 to 1.2867. The latest US economic figures were not encouraging, Initial Jobless Claims reached a six-month high of 251,000, as the Philadelphia Fed Manufacturing Index dropped to -12.3. Signs of a slowing economy may convince the Federal Reserve to stay away from a 100 bps rate hike next week.
After sliding to $1,679, gold futures rebounded $1,713.4 an ounce. U.S. WTI crude futures fell to $96.35 a barrel, thanks to Libya resuming oil production, and recession fears still looming over the US and Europe.
More information on Mitrade website.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU 🔼
WTI 🔽
The European Central Bank finally increased its interest rate by 50 basis points, in order to drive inflation back to 2%. Though Europe has lagged behind other major central banks in terms of tightening monetary policy, the decision still exceeded the 25 bps forecast. Euro gained momentum against the greenback, EUR/USD briefly surged to 1.0275 before closing at 1.0228.
While the UK top job has narrowed down to the final two candidates, GBP/USD fluctuated around the 1.2000 level and closed at 1.1993 with minor gains. Later tonight, domestic retail sales and price manager index related data will be available. AUD/USD had slumped to a low of 0.6861, but climbed to 0.6929, gaining over 30 pips.
USD/CAD retreated from 1.2936 to 1.2867. The latest US economic figures were not encouraging, Initial Jobless Claims reached a six-month high of 251,000, as the Philadelphia Fed Manufacturing Index dropped to -12.3. Signs of a slowing economy may convince the Federal Reserve to stay away from a 100 bps rate hike next week.
After sliding to $1,679, gold futures rebounded $1,713.4 an ounce. U.S. WTI crude futures fell to $96.35 a barrel, thanks to Libya resuming oil production, and recession fears still looming over the US and Europe.
More information on Mitrade website.