EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔽
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔼
The Bank of Japan maintained a negative interest rate of -0.10%, but an unexpected change in its yield curve control surprised investors, Mitrade expects this will open up the possibility of monetary tightening. As a result, USD/JPY lost over 520 pips to a closing price of 131.7, the lowest level since August. USD/CAD also declined to 1.3609.
AUD/USD fell to a near-month low of 0.6631, which then rebounded to 0.6677. Otherwise, the US dollar weakened against its peers, with the Euro and British Pound closing higher at 1.0621 and 1.2181 respectively.
Slowed rate hikes from the Federal Reserve allowed spot gold to rally to $1,817.83 an ounce, gaining over $30. The European Union agreed to implement a price gap on natural gas, setting it at 180 euros per megawatt hour, but its effectiveness remains to be seen. WTI oil futures traded slightly higher to $76.23 a barrel, and Bitcoin further recovered to 16,879.0.
The major indices closed with mixed results. The Dow Jones Industrial Average gained 92 points (+0.28%) to 32,849, the S&P 500 gained 4 points (+0.11%) to 3,821, and the Nasdaq 100 lost 12 points (-0.11%) to 11,072.
GBP/USD 🔼
AUD/USD 🔽
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔼
The Bank of Japan maintained a negative interest rate of -0.10%, but an unexpected change in its yield curve control surprised investors, Mitrade expects this will open up the possibility of monetary tightening. As a result, USD/JPY lost over 520 pips to a closing price of 131.7, the lowest level since August. USD/CAD also declined to 1.3609.
AUD/USD fell to a near-month low of 0.6631, which then rebounded to 0.6677. Otherwise, the US dollar weakened against its peers, with the Euro and British Pound closing higher at 1.0621 and 1.2181 respectively.
Slowed rate hikes from the Federal Reserve allowed spot gold to rally to $1,817.83 an ounce, gaining over $30. The European Union agreed to implement a price gap on natural gas, setting it at 180 euros per megawatt hour, but its effectiveness remains to be seen. WTI oil futures traded slightly higher to $76.23 a barrel, and Bitcoin further recovered to 16,879.0.
The major indices closed with mixed results. The Dow Jones Industrial Average gained 92 points (+0.28%) to 32,849, the S&P 500 gained 4 points (+0.11%) to 3,821, and the Nasdaq 100 lost 12 points (-0.11%) to 11,072.