EUR/USD ⬇️
GBP/USD ⬇️
AUD/USD ⬇️
USD/CAD ⬆️
XAU ⬇️
WTI ➡️
Since inflation does not seem to have peaked just yet, investors expect a mega rate hike of 75 basis points from the Federal Reserve on Thursday, which could bring the US economy to a recession. As a result, major US indices like S&P 500, Dow Jones and Nasdaq 100 have all declined. Meanwhile, the U.S. 10-year Treasury yield kept breaking the record high since 2008, currently at 3.385%.
Major currencies remained bearish, the Euro and Aussie dropped to near month-low, EUR/USD closed at 1.0408 and AUD/USD at 0.6923. With its GDP data underperforming in all variations, GBP/USD went further to a near 3-month low at 1.2134.
Later today (14 June), the UK Office for National Statistics will provide labor market related data such as claimant count change and unemployment rate. Regarding the interest rate decision in the UK, forecasts have projected a 25 basis point increase from the Bank of England.
The USD/CAD pair rose and stabilized at 1.290 level, before closing at 1.2897 - a near month-high. A series of US retail sales data will be released tomorrow, the market anticipated an accelerated growth in core retail goods, and general sales to slow down due to soaring oil prices.
Crude oil mostly traded flat yesterday to a closing price of 120.93, but today saw a rebound from below 118 to over 121 a barrel. Gold futures were at 1,831.8, edging towards a near month-low of 1,820.
More market information on Mitrade website.
GBP/USD ⬇️
AUD/USD ⬇️
USD/CAD ⬆️
XAU ⬇️
WTI ➡️
Since inflation does not seem to have peaked just yet, investors expect a mega rate hike of 75 basis points from the Federal Reserve on Thursday, which could bring the US economy to a recession. As a result, major US indices like S&P 500, Dow Jones and Nasdaq 100 have all declined. Meanwhile, the U.S. 10-year Treasury yield kept breaking the record high since 2008, currently at 3.385%.
Major currencies remained bearish, the Euro and Aussie dropped to near month-low, EUR/USD closed at 1.0408 and AUD/USD at 0.6923. With its GDP data underperforming in all variations, GBP/USD went further to a near 3-month low at 1.2134.
Later today (14 June), the UK Office for National Statistics will provide labor market related data such as claimant count change and unemployment rate. Regarding the interest rate decision in the UK, forecasts have projected a 25 basis point increase from the Bank of England.
The USD/CAD pair rose and stabilized at 1.290 level, before closing at 1.2897 - a near month-high. A series of US retail sales data will be released tomorrow, the market anticipated an accelerated growth in core retail goods, and general sales to slow down due to soaring oil prices.
Crude oil mostly traded flat yesterday to a closing price of 120.93, but today saw a rebound from below 118 to over 121 a barrel. Gold futures were at 1,831.8, edging towards a near month-low of 1,820.
More market information on Mitrade website.