Market sentiment muted in advance of Powell testimony
Federal Reserve Chairman Powell will testify in the US Congress's Joint Economic Committee, explaining recent policy decisions and providing the central bank’s economic outlook. The uncertainty raised risk-aversion sentiment in the market, leading USD/CAD to add 19 pips to 1.3612, USD/JPY also moved up 5 pips to 135.91.
EUR/USD increased 46 pips to 1.0678, Eurozone's retail sales in January grew 0.3% on the month, lower than Mitrade's estimate of 1.0%. But GBP/USD fell 19 pips to 1.2021, and AUD/USD dropped 41 pips to 0.6727.
Spot gold slid $9.7 to $1846.72 an ounce, and WTI oil futures gained $0.78 to $80.46. Bitcoin and Ethereum just recovered to $22,455.0 and $1,570.80 respectively.
The stock market closed slightly higher yesterday, with The Dow Jones Industrial Average advancing 40.47 points (+0.12%) to 33,431. The Nasdaq 100 rose 11.67 points (+0.09%) to 12,302, and the S&P 500 added 2.78 points (+0.07%) to 4,048.
EUR/USD increased 46 pips to 1.0678, Eurozone's retail sales in January grew 0.3% on the month, lower than Mitrade's estimate of 1.0%. But GBP/USD fell 19 pips to 1.2021, and AUD/USD dropped 41 pips to 0.6727.
Spot gold slid $9.7 to $1846.72 an ounce, and WTI oil futures gained $0.78 to $80.46. Bitcoin and Ethereum just recovered to $22,455.0 and $1,570.80 respectively.
The stock market closed slightly higher yesterday, with The Dow Jones Industrial Average advancing 40.47 points (+0.12%) to 33,431. The Nasdaq 100 rose 11.67 points (+0.09%) to 12,302, and the S&P 500 added 2.78 points (+0.07%) to 4,048.