European gas price return to pre-war levels
EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔽
With European countries imposing multiple economic sanctions on Russia, there were also efforts made to alleviate high energy prices due to supply shortages. As of 30 December, natural gas futures are trading at levels not seen after the Russian invasion of Ukraine, thanks to adequate supply and mild weather conditions.
Even though Mitrade expected a drop of 1.52 million barrels, US crude inventories just increased by 718,000 barrels. WTI oil futures prices then fell to $78.4 per barrel. Spot gold added $10 to $1,814.95 an ounce, as Bitcoin traded higher at 16,626.0.
Other major currencies have rallied against the greenback. EUR/USD surged more than 50 pips to 1.0661, and GBP/USD almost climbed 50 pips to 1.2052. AUD/USD rose to 0.6780. USD/CAD slid to 1.3546, and USD/JPY plunged over 140 pips to 133.01.
The stock market also enjoyed a sharp rally. The Dow Jones Industrial Average reached 33,220 after adding 345 points, the S&P 500 reached 3,849 and the Nasdaq reached 10,951.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔽
With European countries imposing multiple economic sanctions on Russia, there were also efforts made to alleviate high energy prices due to supply shortages. As of 30 December, natural gas futures are trading at levels not seen after the Russian invasion of Ukraine, thanks to adequate supply and mild weather conditions.
Even though Mitrade expected a drop of 1.52 million barrels, US crude inventories just increased by 718,000 barrels. WTI oil futures prices then fell to $78.4 per barrel. Spot gold added $10 to $1,814.95 an ounce, as Bitcoin traded higher at 16,626.0.
Other major currencies have rallied against the greenback. EUR/USD surged more than 50 pips to 1.0661, and GBP/USD almost climbed 50 pips to 1.2052. AUD/USD rose to 0.6780. USD/CAD slid to 1.3546, and USD/JPY plunged over 140 pips to 133.01.
The stock market also enjoyed a sharp rally. The Dow Jones Industrial Average reached 33,220 after adding 345 points, the S&P 500 reached 3,849 and the Nasdaq reached 10,951.