US Stock market recovers slightly after sell-off
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Upon the release of the US Producer Price Index, a -0.1% reading met market expectations, while a minor decrease in price levels has allowed some breathing space for the stock market and other major currencies. NASDAQ 100 just recovered 0.84% to 12,134.40, Dow Jones up 0.1% to 31,135.09, and S&P 500 gained 0.34%, currently at 3,946.01. A slowed dollar rally maintained gold futures prices at $1,709.1 an ounce.
The UK Consumer Price Index recorded a growth of 9.9% on year in August, considerably more optimistic than the estimate of 10.2%. As a result, GBP/USD closed at 1.1535 with modest gains. Euro retold its woes as last week - failing to stay above parity, briefly peaking at 1.0022 and slumping back to 0.9977.
Australia’s employment figures were less cheerful, despite less employment and a higher jobless rate, the AUD/USD pair still traded slightly higher to a closing price of 0.6748. USD/JPY fell and stabilized at the 143.0 level to 143.15, and USD/CAD traded flat at 1.3163.
US crude oil inventories added 2.44 million barrels, over market projections of a mere 830,000 barrels, WTI oil futures fluctuated between $86 and $90 a barrel, finally closing at $88.48.
More information on Mitrade website.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD ▶️
USD/JPY 🔽
XAU ▶️
WTI 🔼
Upon the release of the US Producer Price Index, a -0.1% reading met market expectations, while a minor decrease in price levels has allowed some breathing space for the stock market and other major currencies. NASDAQ 100 just recovered 0.84% to 12,134.40, Dow Jones up 0.1% to 31,135.09, and S&P 500 gained 0.34%, currently at 3,946.01. A slowed dollar rally maintained gold futures prices at $1,709.1 an ounce.
The UK Consumer Price Index recorded a growth of 9.9% on year in August, considerably more optimistic than the estimate of 10.2%. As a result, GBP/USD closed at 1.1535 with modest gains. Euro retold its woes as last week - failing to stay above parity, briefly peaking at 1.0022 and slumping back to 0.9977.
Australia’s employment figures were less cheerful, despite less employment and a higher jobless rate, the AUD/USD pair still traded slightly higher to a closing price of 0.6748. USD/JPY fell and stabilized at the 143.0 level to 143.15, and USD/CAD traded flat at 1.3163.
US crude oil inventories added 2.44 million barrels, over market projections of a mere 830,000 barrels, WTI oil futures fluctuated between $86 and $90 a barrel, finally closing at $88.48.
More information on Mitrade website.