Slower inflation expected in the UK and Europe

Later tonight, annual inflation levels in the UK and the Eurozone have projected slowdowns to 9.8% and 6.9% respectively. Meanwhile, GBP/USD rose 50 pips to 1.2424, and EUR/USD gained 45 pips to 1.0971.

Canada’s month-on-month core inflation readings for March CPI recorded a 0.6% increase, higher than Mitrade's projections of 0.4%. USD/CAD then slid 5 pips to 1.3387, and USD/JPY fell 37 pips to 134.09. AUD/USD added 22 pips to 0.6722.

Spot gold closed 10 lower at 2,005.33 an ounce, and WTI oil futures edged up $0.07 to $80.90 a barrel. Bitcoin regained the 330,000 level, currently trading at 330,311.0, and Ethereum climbed to 2,098.34.

Major US indices closed with minor fluctuations, with the Dow Jones Industrial Average falling 10 points to 33,976. The S&P 500 increased 3 points to 4,154, and the Nasdaq 100 increased 4 points to 13,091.
CommoditiescommoditytradingForexforextradingFundamental AnalysisStocksstocktradingTrend Analysis

Also on:

Disclaimer