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Mitrade_official
Apr 19, 2023 4:24 AM

Slower inflation expected in the UK and Europe  

British Pound/U.S. DollarFXCM

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Later tonight, annual inflation levels in the UK and the Eurozone have projected slowdowns to 9.8% and 6.9% respectively. Meanwhile, GBP/USD rose 50 pips to 1.2424, and EUR/USD gained 45 pips to 1.0971.

Canada’s month-on-month core inflation readings for March CPI recorded a 0.6% increase, higher than Mitrade's projections of 0.4%. USD/CAD then slid 5 pips to 1.3387, and USD/JPY fell 37 pips to 134.09. AUD/USD added 22 pips to 0.6722.

Spot gold closed HKEX:10 lower at HKEX:2,005.33 an ounce, and WTI oil futures edged up $0.07 to $80.90 a barrel. Bitcoin regained the HKEX:30,000 level, currently trading at HKEX:30,311.0, and Ethereum climbed to HKEX:2,098.34.

Major US indices closed with minor fluctuations, with the Dow Jones Industrial Average falling 10 points to 33,976. The S&P 500 increased 3 points to 4,154, and the Nasdaq 100 increased 4 points to 13,091.
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