EUR/USD 🔽
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
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 EUR/USD 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.
#market #AUD #GBP #USD #DOLLARS #CAD #INVESTING #INVESTMENT #MITRADE #TRADING #PRICING #INDEX #INFLATION
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
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 EUR/USD 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.
#market #AUD #GBP #USD #DOLLARS #CAD #INVESTING #INVESTMENT #MITRADE #TRADING #PRICING #INDEX #INFLATION
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.