U.S. Indices rallied over 2%, greenback retreats
EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU 🔽
WTI 🔼
After a series of massive selloffs, major US indices rallied over 2% and recovered losses from last week. Dow Jones 100 alone has increased by more than 400 points, just as US Existing Home Sales growth of over 5.41 million, exceeding market expectations of 5.39 million.
Meanwhile, the U.S. dollar weakened against most major currencies with minor losses. EUR/USD jumped to 1.0525, investors anticipated the Composite Price Manager Index readings in Eurozone and Germany to be mostly unchanged. GBP/USD gained 19 pips to 1.2272, as the market awaits tonight’s UK Consumer Price Index and tomorrow’s UK Services Price Manager Index readings.
AUD/USD rose to a closing price of 0.6970. USD/CAD fell to 1.2919, with support from a strong Canadian core retail sales figure that went up by 1.3%, over a projection of 0.6%, the core CPI announcements will determine how much basic goods have been contributed to its inflation.
Just as stocks gained momentum, gold futures fell to 1,838.8 with minor losses, and crude oil prices were supported by summertime fuel demand, going up to 109.52 a barrel with small gains.
More information on Mitrade website.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU 🔽
WTI 🔼
After a series of massive selloffs, major US indices rallied over 2% and recovered losses from last week. Dow Jones 100 alone has increased by more than 400 points, just as US Existing Home Sales growth of over 5.41 million, exceeding market expectations of 5.39 million.
Meanwhile, the U.S. dollar weakened against most major currencies with minor losses. EUR/USD jumped to 1.0525, investors anticipated the Composite Price Manager Index readings in Eurozone and Germany to be mostly unchanged. GBP/USD gained 19 pips to 1.2272, as the market awaits tonight’s UK Consumer Price Index and tomorrow’s UK Services Price Manager Index readings.
AUD/USD rose to a closing price of 0.6970. USD/CAD fell to 1.2919, with support from a strong Canadian core retail sales figure that went up by 1.3%, over a projection of 0.6%, the core CPI announcements will determine how much basic goods have been contributed to its inflation.
Just as stocks gained momentum, gold futures fell to 1,838.8 with minor losses, and crude oil prices were supported by summertime fuel demand, going up to 109.52 a barrel with small gains.
More information on Mitrade website.