US QoQ GDP growth is expected to fall to 1.1%
Although the latest Federal Reserve meeting minutes highlighted US economic resilience in banking, industrial production, and employment, Mitrade expects quarter-on-quarter growth for its GDP will fall from 2.6% to 1.1%.
As the German GDP quarter-on-quarter is expected to recover from -0.4% to -0.1%, EUR/USD declined 20 pips to 1.0750. GBP/USD fell 43 pips to 1.2365, and AUD/USD decreased 66 pips to 0.6543. USD/CAD climbed 91 pips to 1.3595, and USD/JPY gained 88 pips to 139.47.
US crude oil inventories were reduced by over 12 million barrels, much higher than expected. However, WTI oil futures closed $1.43 lower at $74.34 a barrel. Spot gold dropped $18 to $1,957.33 an ounce. Bitcoin and Ethereum are trading lower at $26,127.0 and $1,778.61 respectively.
The Dow Jones Industrial Average plunged 255 points to 32,799.92. The S&P 500 slipped 30 points to 4,115.24, and the Nasdaq 100 fell 68 points to 13,604.48.
As the German GDP quarter-on-quarter is expected to recover from -0.4% to -0.1%, EUR/USD declined 20 pips to 1.0750. GBP/USD fell 43 pips to 1.2365, and AUD/USD decreased 66 pips to 0.6543. USD/CAD climbed 91 pips to 1.3595, and USD/JPY gained 88 pips to 139.47.
US crude oil inventories were reduced by over 12 million barrels, much higher than expected. However, WTI oil futures closed $1.43 lower at $74.34 a barrel. Spot gold dropped $18 to $1,957.33 an ounce. Bitcoin and Ethereum are trading lower at $26,127.0 and $1,778.61 respectively.
The Dow Jones Industrial Average plunged 255 points to 32,799.92. The S&P 500 slipped 30 points to 4,115.24, and the Nasdaq 100 fell 68 points to 13,604.48.
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.