Ukraine dismisses Russian temporary ceasefire proposal
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On Orthodox Christmas Day, Russia offered a 36-hour ceasefire with Ukraine. In response, Ukraine rejected the offer, claiming it only served Russia as breathing space and a propaganda tool. Meanwhile, western allies have agreed to provide military vehicles to Ukraine, boosting its offensive capabilities.
The ongoing war strengthened the greenback, and GBP/USD fell below the 1.2000 level to 1.1906, losing more than 140 pips. The Euro and Aussie dropped over 80 pips against the US dollar to 1.052 and 0.6749 respectively. USD/CAD added 101 pips to 1.3569, and USD/JPY increased 74 pips to 133.4. Later tonight, Mitrade expects December's nonfarm payrolls will slow down to 220,000.
Spot gold declined to $1,833.05 an ounce, and WTI oil futures traded slightly higher to $73.67 a barrel. Bitcoin remained steady at $16,843.0.
The Dow slumped 339 points (-1.02%) to 32,930, the S&P slid 44 points (-1.17%) to 3,807, and the Nasdaq plunged 173 points (-1.59%) to 10,741.
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
USD/JPY 🔼
XAU 🔽
WTI 🔼
On Orthodox Christmas Day, Russia offered a 36-hour ceasefire with Ukraine. In response, Ukraine rejected the offer, claiming it only served Russia as breathing space and a propaganda tool. Meanwhile, western allies have agreed to provide military vehicles to Ukraine, boosting its offensive capabilities.
The ongoing war strengthened the greenback, and GBP/USD fell below the 1.2000 level to 1.1906, losing more than 140 pips. The Euro and Aussie dropped over 80 pips against the US dollar to 1.052 and 0.6749 respectively. USD/CAD added 101 pips to 1.3569, and USD/JPY increased 74 pips to 133.4. Later tonight, Mitrade expects December's nonfarm payrolls will slow down to 220,000.
Spot gold declined to $1,833.05 an ounce, and WTI oil futures traded slightly higher to $73.67 a barrel. Bitcoin remained steady at $16,843.0.
The Dow slumped 339 points (-1.02%) to 32,930, the S&P slid 44 points (-1.17%) to 3,807, and the Nasdaq plunged 173 points (-1.59%) to 10,741.