Mitrade_official

More controversies in the new Twitter regime

FX:GBPUSD   British Pound / U.S. Dollar
EUR/USD 🔽
GBP/USD 🔼
AUD/USD 🔽
USD/CAD 🔼
USD/JPY 🔼
XAU 🔽
WTI 🔽

Despite the monthslong process, the drama between Elon Musk and Twitter is far from over, key executives were fired, and alleged conversations were leaked. Meanwhile, Twitter’s stock price is mostly trading flat at $53.70.

Major U.S. stock indexes have extended their gains by more than 2%. The Dow Jones has enjoyed a four-week winning streak, increasing 828 points (+2.59%) to 32,861, while the S&P 500 and the Nasdaq 100 added 93 points and 354 points respectively.

USD/CAD climbed to 1.36, and USD/JPY increased 119 pips to 147.45.

EUR/USD continued to close below parity at 0.9963, currently at 0.9952. Later tonight, the Eurozone inflation rate is expected to record an annual increase of 10.2%. GBP/USD stabilized near the month-high level and closed at 1.161.

AUD/USD declined to 0.6411, as the Reserve Bank of Australia is to announce its interest rate decision tomorrow, Mitrade has estimated a 25 basis points rate hike. Gold price slid further down to $1,642.76 an ounce, and WTI oil futures fluctuated and closed lower at $87.9 a barrel.

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