Strong earning reports cheer US stock prices
EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU ▶️
WTI 🔼
So far, most earning reports this week have exceeded market forecasts, e.g. Johnson & Johnson and IBM, allowing major US indices to rally, Nasdaq led with a 3.13% surge to 12,249. Despite a stream of leaving subscribers, Netflix managed to grow 5.5% past the $200 level, currently at 201.63.
Meanwhile, major currencies extended their recovery runs as well. The Eurozone Consumer Price Index (CPI) recorded a 8.6% rise in price levels that met estimates, and bets on a 50 bps rate hike from the European Central Bank further boosted the Euro, EUR/USD rose 82 pips to close at 1.0224.
The GBP/USD pair briefly went above 1.2000 and closed at 1.1995, reflecting a couple of fairly optimistic employment data. Last month's unemployment rate in the UK was at 3.8% as expected, though investors projected the CPI reading in June to go up by 9.3%, adding more inflationary pressure.
AUD/USD has a closing price of 0.6895, after gaining over 80 pips and trading flat at 0.6900. USD/CAD fell over 100 pips to 1.2869.
Gold futures experienced minor oscillation, but remained little changed at $1,710.7 an ounce. Oil bulls slowed down as they met resistance at $100 level, finally closing at $100.74 a barrel.
More information on Mitrade website.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU ▶️
WTI 🔼
So far, most earning reports this week have exceeded market forecasts, e.g. Johnson & Johnson and IBM, allowing major US indices to rally, Nasdaq led with a 3.13% surge to 12,249. Despite a stream of leaving subscribers, Netflix managed to grow 5.5% past the $200 level, currently at 201.63.
Meanwhile, major currencies extended their recovery runs as well. The Eurozone Consumer Price Index (CPI) recorded a 8.6% rise in price levels that met estimates, and bets on a 50 bps rate hike from the European Central Bank further boosted the Euro, EUR/USD rose 82 pips to close at 1.0224.
The GBP/USD pair briefly went above 1.2000 and closed at 1.1995, reflecting a couple of fairly optimistic employment data. Last month's unemployment rate in the UK was at 3.8% as expected, though investors projected the CPI reading in June to go up by 9.3%, adding more inflationary pressure.
AUD/USD has a closing price of 0.6895, after gaining over 80 pips and trading flat at 0.6900. USD/CAD fell over 100 pips to 1.2869.
Gold futures experienced minor oscillation, but remained little changed at $1,710.7 an ounce. Oil bulls slowed down as they met resistance at $100 level, finally closing at $100.74 a barrel.
More information on Mitrade website.