EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU 🔼
WTI 🔼
Earlier today, the Federal Reserve continued its path of aggressive rate hikes by increasing it by 75 basis points to 2.50%. Meanwhile, Chairman Powell claimed it would be appropriate to slow down the tightening eventually, providing some breathing space for other major currencies, USD/CAD dropped from 1.2895 to 1.2821.
Regarding concerns over a recession, the US GDP data for the second quarter will be available tonight, and the market estimated a 0.5% growth - which could avoid meeting the technical definition of a recession.
As the dollar retreated, the British Pound became the bigger winner, GBP/USD rose and stabilized at the 1.2170 level, gaining over 130 pips to close at 1.2151, and the EUR/USD also maintained a foothold at the 1.0200 level before closing at 1.0202. Australia’s Retail Sales reading in June missed market projections at 0.2%, but AUD/USD nonetheless reached 0.6993, edging towards 0.700.
Gold futures took advantage of a weakened greenback and sluggish bond yields and climbed to $1,719.1, currently trading at $1,743.0 an ounce. US crude oil inventories further went down by 4.523 million barrels, and since Russia reduced gas supplies to Europe, WTI oil futures increased $3 to $98.17 a barrel.
More information on Mitrade website.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU 🔼
WTI 🔼
Earlier today, the Federal Reserve continued its path of aggressive rate hikes by increasing it by 75 basis points to 2.50%. Meanwhile, Chairman Powell claimed it would be appropriate to slow down the tightening eventually, providing some breathing space for other major currencies, USD/CAD dropped from 1.2895 to 1.2821.
Regarding concerns over a recession, the US GDP data for the second quarter will be available tonight, and the market estimated a 0.5% growth - which could avoid meeting the technical definition of a recession.
As the dollar retreated, the British Pound became the bigger winner, GBP/USD rose and stabilized at the 1.2170 level, gaining over 130 pips to close at 1.2151, and the EUR/USD also maintained a foothold at the 1.0200 level before closing at 1.0202. Australia’s Retail Sales reading in June missed market projections at 0.2%, but AUD/USD nonetheless reached 0.6993, edging towards 0.700.
Gold futures took advantage of a weakened greenback and sluggish bond yields and climbed to $1,719.1, currently trading at $1,743.0 an ounce. US crude oil inventories further went down by 4.523 million barrels, and since Russia reduced gas supplies to Europe, WTI oil futures increased $3 to $98.17 a barrel.
More information on Mitrade website.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.