US GDP slightly lower than estimates
The US economy displayed signs of a slowdown, as quarterly GDP readings and initial jobless claims were at 2.6% and 198,000 respectively, both underperforming against Mitrade's estimates. USD/CAD fell 35 pips to 1.3520, and USD/JPY slid 19 pips to 132.65.
Meanwhile, German monthly inflation is just higher than its forecast at 0.8%, with EUR/USD climbing 59 pips to 1.0901. GBP/USD rose 72 pips to 1.2383. UK GDP is expected to improve over last month’s results. AUD/USD advanced 24 pips to 0.6707.
Spot gold added $15.76 to $1,980.33 an ounce, and WTI oil futures moved up $1.4 to $74.37 a barrel. Bitcoin dropped to $28,156.0, and Ethereum traded higher at $1,791.54.
Yesterday, the Nasdaq 100 led the rally as it closed 117 points higher at 12,963.14. The S&P 500 rose 23 points to 4,050.83, and the Dow Jones Industrial Average surged 141 points to 32,859.03.
Meanwhile, German monthly inflation is just higher than its forecast at 0.8%, with EUR/USD climbing 59 pips to 1.0901. GBP/USD rose 72 pips to 1.2383. UK GDP is expected to improve over last month’s results. AUD/USD advanced 24 pips to 0.6707.
Spot gold added $15.76 to $1,980.33 an ounce, and WTI oil futures moved up $1.4 to $74.37 a barrel. Bitcoin dropped to $28,156.0, and Ethereum traded higher at $1,791.54.
Yesterday, the Nasdaq 100 led the rally as it closed 117 points higher at 12,963.14. The S&P 500 rose 23 points to 4,050.83, and the Dow Jones Industrial Average surged 141 points to 32,859.03.
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