EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔼
The US month-on-month inflation rate turned negative at -0.1% in December, while the year-on-year reading remained at 6.5%. As a result, Mitrade now expects a 25 basis points Fed rate hike in February is more likely.
Less tightening spells good news for the stock market. The Dow increased 216 points (+0.64%) to 34,189, the Nasdaq rose 57 points (+0.50%) to 11,459, while the S&P climbed 13 points (+0.34%) to 3,983.
Major currencies then strengthened against the greenback. EUR/USD surged over 90 pips to 1.0846. GBP/USD and AUD/USD added more than 60 pips to 1.22 and 0.6972 respectively. USD/CAD dipped 62 pips to 1.3362, and USD/JPY lost over 300 pips to a seven-month low at 129.22.
Spot gold climbed to $1,896.91 an ounce, and WTI oil futures advanced slightly to $78.39 a barrel. Bitcoin is currently trading higher at $18,786.0.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔼
The US month-on-month inflation rate turned negative at -0.1% in December, while the year-on-year reading remained at 6.5%. As a result, Mitrade now expects a 25 basis points Fed rate hike in February is more likely.
Less tightening spells good news for the stock market. The Dow increased 216 points (+0.64%) to 34,189, the Nasdaq rose 57 points (+0.50%) to 11,459, while the S&P climbed 13 points (+0.34%) to 3,983.
Major currencies then strengthened against the greenback. EUR/USD surged over 90 pips to 1.0846. GBP/USD and AUD/USD added more than 60 pips to 1.22 and 0.6972 respectively. USD/CAD dipped 62 pips to 1.3362, and USD/JPY lost over 300 pips to a seven-month low at 129.22.
Spot gold climbed to $1,896.91 an ounce, and WTI oil futures advanced slightly to $78.39 a barrel. Bitcoin is currently trading higher at $18,786.0.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.