EUR/USD 🔽
GBP/USD ▶️
AUD/USD 🔽
USD/CAD 🔼
XAU 🔼
WTI 🔽
After a week of rallying, greenback peers have weakened towards the US currency, mostly due to disappointing domestic economic data, recession fears, and the imminent 75 bps rate hike from the Federal Reserve, while some even predicted a full percentage increase. The S&P Global manufacturing PMI for the Eurozone, Germany, and France all missed market estimates, signaling a slowing economy,
EUR/USD thus went on a continuous decline to 1.021.
Despite trading with considerable fluctuations, GBP/USD closed at 1.1996 with negligible gains. Although the British Pound did breach the 1.2000 level against the US dollar, the currency pair soon lost support and went below it again. Meanwhile, AUD/USD fell to 0.6925, and USD/CAD was at 1.2914 last Friday, now edging towards 1.3000 level, with a high of 1.2944.
Gold price climbed to $1,727 an ounce, WTI crude futures experienced an oscillation between $94 to $96, to a closing price of $94.7 a barrel. Other than the Fed interest rate decision, multiple GDP readings will be available from Canada, the Eurozone, Germany, and the US this week.
In US stocks, Social media firm Snap (SNAP) was one of the worst performers, dipping over 39% as its recent results were less than satisfying.
More information on the Mitrade website.
GBP/USD ▶️
AUD/USD 🔽
USD/CAD 🔼
XAU 🔼
WTI 🔽
After a week of rallying, greenback peers have weakened towards the US currency, mostly due to disappointing domestic economic data, recession fears, and the imminent 75 bps rate hike from the Federal Reserve, while some even predicted a full percentage increase. The S&P Global manufacturing PMI for the Eurozone, Germany, and France all missed market estimates, signaling a slowing economy,
EUR/USD thus went on a continuous decline to 1.021.
Despite trading with considerable fluctuations, GBP/USD closed at 1.1996 with negligible gains. Although the British Pound did breach the 1.2000 level against the US dollar, the currency pair soon lost support and went below it again. Meanwhile, AUD/USD fell to 0.6925, and USD/CAD was at 1.2914 last Friday, now edging towards 1.3000 level, with a high of 1.2944.
Gold price climbed to $1,727 an ounce, WTI crude futures experienced an oscillation between $94 to $96, to a closing price of $94.7 a barrel. Other than the Fed interest rate decision, multiple GDP readings will be available from Canada, the Eurozone, Germany, and the US this week.
In US stocks, Social media firm Snap (SNAP) was one of the worst performers, dipping over 39% as its recent results were less than satisfying.
More information on the Mitrade website.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.