US GDP growth exceeds expectations again
EUR/USD 🔽
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔼
XAU 🔽
WTI 🔽
BTC 🔽
ETH 🔽
Earlier today, 2.9% on-quarter growth in US gross domestic product exceeded Mitrade's expectations of 2.6%, increasing hopes for a soft landing to avoid a recession.
Meanwhile, the greenback had a mixed performance against its peers. GBP/USD and AUD/USD traded slightly higher to 1.2406 and 0.7114 respectively, and EUR/USD fell 26 pips to 1.0889. USD/CAD declined 55 pips to 1.332, and USD/JPY added 62 pips to 130.21.
As a result of optimistic market sentiment, spot gold prices dropped over $16 to $1,929.11 an ounce. WTI oil futures moved up to $81.01 a barrel. Bitcoin fell below the $23,000 level, currently at $22,755.0. Ethereum was last traded at $1,567.29.
In the stock market, the Nasdaq surged 236 points (+2.00%) to 12,051, the S&P rose 44 points (+1.10%) to 4,060, and the Dow increased 205 points (+0.61%) to 33,949.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔼
XAU 🔽
WTI 🔽
BTC 🔽
ETH 🔽
Earlier today, 2.9% on-quarter growth in US gross domestic product exceeded Mitrade's expectations of 2.6%, increasing hopes for a soft landing to avoid a recession.
Meanwhile, the greenback had a mixed performance against its peers. GBP/USD and AUD/USD traded slightly higher to 1.2406 and 0.7114 respectively, and EUR/USD fell 26 pips to 1.0889. USD/CAD declined 55 pips to 1.332, and USD/JPY added 62 pips to 130.21.
As a result of optimistic market sentiment, spot gold prices dropped over $16 to $1,929.11 an ounce. WTI oil futures moved up to $81.01 a barrel. Bitcoin fell below the $23,000 level, currently at $22,755.0. Ethereum was last traded at $1,567.29.
In the stock market, the Nasdaq surged 236 points (+2.00%) to 12,051, the S&P rose 44 points (+1.10%) to 4,060, and the Dow increased 205 points (+0.61%) to 33,949.
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