EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔼
Last week’s speech from Federal Reserve officials indicated the US central bank is still leaning towards using aggressive rate hikes to control inflation, though remains open to slowing the pace. Meanwhile, the stock market extended its rally, with the Nasdaq 100 adding over 210 points 11,817 being the best-performing index out of the three, the Dow also enjoyed a weekly gain of 4.15%.
Improved GDP reading in the UK led major currencies to recover against the greenback, GBP/USD climbed more than 120 pips to 1.1835. EUR/USD surged to 1.0352, gaining almost 150 pips, as Germany’s annual inflation reached 10.4% - aligning with marketing projections.
USD/JPY plunged below the key level of 140.00 to 138.79, losing over 230 pips, and USD/CAD declined to 1.3254. AUD/USD closed higher at 0.6702, the meeting minutes from the Reserve Bank of Australia will be announced tomorrow morning.
Spot gold increased to $1,771.42 an ounce, the highest level in over two months. WTI oil futures gained slightly to $88.96 a barrel, currently at $89.22.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔼
Last week’s speech from Federal Reserve officials indicated the US central bank is still leaning towards using aggressive rate hikes to control inflation, though remains open to slowing the pace. Meanwhile, the stock market extended its rally, with the Nasdaq 100 adding over 210 points 11,817 being the best-performing index out of the three, the Dow also enjoyed a weekly gain of 4.15%.
Improved GDP reading in the UK led major currencies to recover against the greenback, GBP/USD climbed more than 120 pips to 1.1835. EUR/USD surged to 1.0352, gaining almost 150 pips, as Germany’s annual inflation reached 10.4% - aligning with marketing projections.
USD/JPY plunged below the key level of 140.00 to 138.79, losing over 230 pips, and USD/CAD declined to 1.3254. AUD/USD closed higher at 0.6702, the meeting minutes from the Reserve Bank of Australia will be announced tomorrow morning.
Spot gold increased to $1,771.42 an ounce, the highest level in over two months. WTI oil futures gained slightly to $88.96 a barrel, currently at $89.22.