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Earthquake in Turkey disrupts oil supply

FX:GBPUSD   British Pound / U.S. Dollar
EUR/USD πŸ”½
GBP/USD πŸ”½
AUD/USD πŸ”½
USD/CAD πŸ”Ό
USD/JPY πŸ”Ό
XAU πŸ”Ό
WTI πŸ”Ό
BTC πŸ”½
ETH πŸ”½

A huge earthquake in Turkey and Syria has led to numerous casualties and disrupted the oil supply from the west Asia region. This caused WTI oil futures to climb to $74.11 a barrel. Spot gold also rose to $1,867.71 an ounce. Both Bitcoin and Ethereum continued to weaken to $22,830.0 and $1,624.26 respectively.

The Reserve Bank of Australia is about to announce its Interest Rate Decision, in which Mitrade expects a rate hike of 25 basis points. Meanwhile, the US dollar extended its strong run with AUD/USD dropping 38 pips to 0.6881.

EUR/USD declined 63 pips to 1.073, and GBP/USD slid 35 pips to 1.2021. USD/JPY surged 148 pips to 132.65, and USD/CAD closed 50 pips higher at 1.3446.

The Nasdaq 100 plunged 108 points (-0.87%) to 12,464, while the S&P 500 slipped 25 points (-0.61%) to 4,111. The Dow Jones Industrial Average dropped 34 points (-0.10%) to 33,891.

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