EUUSD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 XAU 🔽 WTI 🔽
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On a weekly basis, the American dollar continued to lose ground throughout the early part of the day, but gained some ground during the US session. The volatility of the market was rather low, despite persistent US inflation figures.
According to the US Consumer Pricing Index, investors are expecting that the price pressures started to ease in July. However, the core annual reading is expected to increase from 5.9% to 6.1%. In the end, the Federal Reserve's monetary policy will be priced into the market rapidly by speculative interest. The Chinese and German inflation data will be released prior to the US inflation data.
The EUUSD pair came close to touching the 1.0250 level but lost about 50 pip before the closure. The news that Russia has stopped shipping oil through the southern Druzhba pipeline due to problems with transit payments weighed on the common currency.
The UK government is preparing for organized electricity outages for businesses and homes this winter as a worst-case scenario due to the energy crisis plaguing Europe. Prior to the start of Asian trading, GBP/USD is trading at about 1.2060.
By day's conclusion, commodity-linked currencies had depreciated against the dollar, though losses are small. While USD/CAD is centered at 1.2890, AUD/USD trades around 0.6950.
One of the top performers was gold, which reached an intraday high of $1,800.49 per troy ounce. It was $1,795 at day's end. Although the day started with higher crude oil prices, it ended with only slight increases. The price of WTI is $90.70 per barrel.
Following in the footsteps of its European counterparts, Wall Street dipped, albeit losses were restrained. On the other side, the 10-year note's yield, which is currently 2.79%, increased a fraction.
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#market #AUD #GBP #USD #DOLLARS #CAD #INVESTING #INVESTMENT #MITRADE #TRADING #PRICING #INDEX #INFLATION
submitted by Mitrade_Official to u/Mitrade_Official [link] [comments] https://preview.redd.it/34bvlzo06tg91.jpg?width=1081&format=pjpg&auto=webp&s=16b314c5cd7e84acc1dd96c7c4a34e1665e9d02e
On a weekly basis, the American dollar continued to lose ground throughout the early part of the day, but gained some ground during the US session. The volatility of the market was rather low, despite persistent US inflation figures.
According to the US Consumer Pricing Index, investors are expecting that the price pressures started to ease in July. However, the core annual reading is expected to increase from 5.9% to 6.1%. In the end, the Federal Reserve's monetary policy will be priced into the market rapidly by speculative interest. The Chinese and German inflation data will be released prior to the US inflation data.
The EUUSD pair came close to touching the 1.0250 level but lost about 50 pip before the closure. The news that Russia has stopped shipping oil through the southern Druzhba pipeline due to problems with transit payments weighed on the common currency.
The UK government is preparing for organized electricity outages for businesses and homes this winter as a worst-case scenario due to the energy crisis plaguing Europe. Prior to the start of Asian trading, GBP/USD is trading at about 1.2060.
By day's conclusion, commodity-linked currencies had depreciated against the dollar, though losses are small. While USD/CAD is centered at 1.2890, AUD/USD trades around 0.6950.
One of the top performers was gold, which reached an intraday high of $1,800.49 per troy ounce. It was $1,795 at day's end. Although the day started with higher crude oil prices, it ended with only slight increases. The price of WTI is $90.70 per barrel.
Following in the footsteps of its European counterparts, Wall Street dipped, albeit losses were restrained. On the other side, the 10-year note's yield, which is currently 2.79%, increased a fraction.
📱 Get instant market news delivered to you in real-time→ https://mytd.cc/1Lf
Mitrade has appeared on Yahoo Finance, Bloomberg, MarketWatch, Nasdaq and more. For more details: https://www.mitrade.com/about-us/media Our awards: https://www.mitrade.com/about-us/awards
Follow Mitrade's other social channels: Twitter: u/MitradeOfficial Instagram: u/mitrade_official *Not Personal Advice. All trading involves risks. This information is not intended for distribution where it is contrary to local regulation.
#market #AUD #GBP #USD #DOLLARS #CAD #INVESTING #INVESTMENT #MITRADE #TRADING #PRICING #INDEX #INFLATION
