Mitrade_official

Euro / Dollar pair returns above parity

FX:GBPUSD   British Pound / U.S. Dollar
EUR/USD ๐Ÿ”ผ
GBP/USD ๐Ÿ”ผ
AUD/USD ๐Ÿ”ผ
USD/CAD ๐Ÿ”ผ
USD/JPY ๐Ÿ”ผ
XAU ๐Ÿ”ฝ
WTI ๐Ÿ”ฝ

US mid-term elections have taken the spotlight for the day, as voting is currently underway. Meanwhile, Meta Platforms are reported to carry out large-scale layoffs to reduce costs, its stock prices gained 6.53% and led tech stocks and major indices in general to rally. The Dow has recorded the largest uptick of over 420 points, currently at 32,827.00.

EUR/USD has returned above parity at 1.0019, Mitrade expects the eurozone retail sales to turn positive with a 0.4% growth estimate. GBP/USD increased over 130 pips to 1.1511, and AUD/USD moved up slightly to 0.6478 upon lower consumer confidence levels.

USD/CAD closed higher at 1.3496, and USD/JPY was last traded at 146.62 with minimal gains.

Spot gold has recovered from a low of $1,667.15 to $1,675.38 an ounce, WTI oil futures briefly broke through $93.00 and slumped to $91.79 a barrel.

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