EUR/USD ⬇️
GBP/USD ⬇️
AUD/USD ⬇️
USD/CAD ⬆️
XAU ⬆️
WTI ⬇️
Major currencies retreated over the weekend, alternating between sharp falls and trading flat. EUR/USD slowed at 1.0520, closed at 1.0515 and currently trading at 1.0482. Tomorrow (14 June), the Germany Harmonized Index of Consumer Prices will provide insight into European inflation.
The British Pound followed the Euro by dropping to a closing price of 1.2314, now at 1.2271. Later today in the afternoon, the UK Office for National Statistics will provide a series of GDP and Manufacturing Production figures, with employment data to follow afterwards.
Meanwhile in the US, the Producer Price Index (PPI) announcement on Tuesday is expected to increase from 0.5% to 0.8%, a further divergence to the core PPI forecast, indicating soaring energy prices to be the primary source of inflation. USD/CAD closed at 1.2781, and kept climbing to 1.2814.
With new cases in Beijing faltering hopes of reopening, the Aussie was weakened against the US dollar, the AUD/USD pair declined to close at 0.7051, and just went further down to 0.7006. Gold futures were at
1,875.5 last week, the rally ended after meeting resistance at 1,880 level, eventually returning to 1,864.
Crude oil experienced wild fluctuations from a closing price of 120.67, now bouncing between 116 and 119 a barrel. United States 10-Year Bond Yield ascended to 3.200%, a high since 2008.
More information on Mitrade website.
GBP/USD ⬇️
AUD/USD ⬇️
USD/CAD ⬆️
XAU ⬆️
WTI ⬇️
Major currencies retreated over the weekend, alternating between sharp falls and trading flat. EUR/USD slowed at 1.0520, closed at 1.0515 and currently trading at 1.0482. Tomorrow (14 June), the Germany Harmonized Index of Consumer Prices will provide insight into European inflation.
The British Pound followed the Euro by dropping to a closing price of 1.2314, now at 1.2271. Later today in the afternoon, the UK Office for National Statistics will provide a series of GDP and Manufacturing Production figures, with employment data to follow afterwards.
Meanwhile in the US, the Producer Price Index (PPI) announcement on Tuesday is expected to increase from 0.5% to 0.8%, a further divergence to the core PPI forecast, indicating soaring energy prices to be the primary source of inflation. USD/CAD closed at 1.2781, and kept climbing to 1.2814.
With new cases in Beijing faltering hopes of reopening, the Aussie was weakened against the US dollar, the AUD/USD pair declined to close at 0.7051, and just went further down to 0.7006. Gold futures were at
1,875.5 last week, the rally ended after meeting resistance at 1,880 level, eventually returning to 1,864.
Crude oil experienced wild fluctuations from a closing price of 120.67, now bouncing between 116 and 119 a barrel. United States 10-Year Bond Yield ascended to 3.200%, a high since 2008.
More information on Mitrade website.