EUR/USD 🔼
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
Investors seem to have braced for a 100 bps rate hike from the Federal Reserve, as US retail and labor market data indicated an improving economy. August’s retail sales figures reported a 0.3% increase over the original estimate of 0.2%, while Initial Jobless Claims exceeded expectations by only adding 213,000 to the unemployed population.
Thus, the US stock market and indices are still firmly in the red, with a slowing pace but still downward nonetheless. Nasdaq 100 went below 12,000 to 11,927.49, losing over 1.7%; Dow Jones was last traded at 30,961.82, and S&P 500 slipped to 31,124.68.
The yellow metal took the news especially hard, gold futures plunged and closed at $1,677.3, then stabilized at $1,672 to a two-year low. A tentative deal has prevented a railroad strike, which would increase price levels in the US, and WTI oil futures were cooled to a closing price of $85.1.
EUR/USD closed just next to parity at 0.9999, as the Eurozone CPI has a projected growth of 9.1%, the same as last month. The market anticipated a 0.5% decrease in UK retail sales, while GBP/USD slipped to 1.1463. AUD/USD was on a gradual decline, closing at 0.6702. USD/CAD climbed to 1.3227, currently at 1.3240.
More information on Mitrade website.
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
Investors seem to have braced for a 100 bps rate hike from the Federal Reserve, as US retail and labor market data indicated an improving economy. August’s retail sales figures reported a 0.3% increase over the original estimate of 0.2%, while Initial Jobless Claims exceeded expectations by only adding 213,000 to the unemployed population.
Thus, the US stock market and indices are still firmly in the red, with a slowing pace but still downward nonetheless. Nasdaq 100 went below 12,000 to 11,927.49, losing over 1.7%; Dow Jones was last traded at 30,961.82, and S&P 500 slipped to 31,124.68.
The yellow metal took the news especially hard, gold futures plunged and closed at $1,677.3, then stabilized at $1,672 to a two-year low. A tentative deal has prevented a railroad strike, which would increase price levels in the US, and WTI oil futures were cooled to a closing price of $85.1.
EUR/USD closed just next to parity at 0.9999, as the Eurozone CPI has a projected growth of 9.1%, the same as last month. The market anticipated a 0.5% decrease in UK retail sales, while GBP/USD slipped to 1.1463. AUD/USD was on a gradual decline, closing at 0.6702. USD/CAD climbed to 1.3227, currently at 1.3240.
More information on Mitrade website.