EUR/USD 🔼
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
Crude oil prices have been suppressed by optimistic reports from Iran, Iraq, and Venezuela, all showing signs of increasing oil supply to the market. As a result, WTI crude futures lost almost $5.00 to $91.64 a barrel, Brent went below $100 to $97.84. Europe's energy shortage is then partially relieved, finally sending EUR/USD above parity to 1.0012, as the market awaits Eurozone and Germany's inflation data later today.
Despite recession fears, the latest US Consumer Confidence and Job Opening provides positive readings, which may encourage the Federal Reserve to extend its series of aggressive rate hikes in September. USD/CAD climbed to 1.3092, gaining over 80 pips, and Canada will also announce its GDP tonight.
GBP/USD dropped from a low of 1.1627 to 1.1655, while AUD/USD fell and stabilized at 0.6851. A stronger dollar once again held back gold prices, gold futures declined to $1,736.3, currently at $1,732.60 an ounce.
Bitcoin briefly lost support at $20,000 and just rebounded to $20,233.0.
More information on Mitrade website.
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
Crude oil prices have been suppressed by optimistic reports from Iran, Iraq, and Venezuela, all showing signs of increasing oil supply to the market. As a result, WTI crude futures lost almost $5.00 to $91.64 a barrel, Brent went below $100 to $97.84. Europe's energy shortage is then partially relieved, finally sending EUR/USD above parity to 1.0012, as the market awaits Eurozone and Germany's inflation data later today.
Despite recession fears, the latest US Consumer Confidence and Job Opening provides positive readings, which may encourage the Federal Reserve to extend its series of aggressive rate hikes in September. USD/CAD climbed to 1.3092, gaining over 80 pips, and Canada will also announce its GDP tonight.
GBP/USD dropped from a low of 1.1627 to 1.1655, while AUD/USD fell and stabilized at 0.6851. A stronger dollar once again held back gold prices, gold futures declined to $1,736.3, currently at $1,732.60 an ounce.
Bitcoin briefly lost support at $20,000 and just rebounded to $20,233.0.
More information on Mitrade website.
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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.