US quarterly GDP growth expected to remain at 2.7%
The US quarterly GDP readings for 2022 will be announced tonight. Despite ongoing global supply disruption and the Russian invasion of Ukraine, Mitrade estimates a 2.7% growth, just like its previous result.
Meanwhile, USD/CAD declined 43 pips to 1.3555, and USD/JPY rebounded 198 pips to 132.84. The greenback also strengthened against other currencies. EUR/USD slid 1 pip to 1.0842, GBP/USD fell 29 pips to 1.2311, and AUD/USD dropped 26 pips to 0.6683.
Spot gold closed $9.13 lower at $1,964.57 an ounce. Although Crude Oil Inventories have depleted by almost 7.5 million barrels, WTI oil futures lost $0.23 and closed at $72.97 a barrel. Bitcoin and Ethereum climbed to $28,310.0 and $1,786.17 respectively.
The Nasdaq 100 surged 235 points to 12,846. The S&P 500 added 56 points to 4,027, and the Dow Jones Industrial Average increased 323 points to 32,717.
Meanwhile, USD/CAD declined 43 pips to 1.3555, and USD/JPY rebounded 198 pips to 132.84. The greenback also strengthened against other currencies. EUR/USD slid 1 pip to 1.0842, GBP/USD fell 29 pips to 1.2311, and AUD/USD dropped 26 pips to 0.6683.
Spot gold closed $9.13 lower at $1,964.57 an ounce. Although Crude Oil Inventories have depleted by almost 7.5 million barrels, WTI oil futures lost $0.23 and closed at $72.97 a barrel. Bitcoin and Ethereum climbed to $28,310.0 and $1,786.17 respectively.
The Nasdaq 100 surged 235 points to 12,846. The S&P 500 added 56 points to 4,027, and the Dow Jones Industrial Average increased 323 points to 32,717.