Fed speak sidestepped the debt ceiling and focused on inflation
On Tuesday, Federal Reserve Chairman Jerome Powell did not address debt ceiling negotiations during a meeting with Democratic Congress members. Instead, he focused on high inflation rates, while maintaining an optimistic economic outlook.
The Nasdaq 100 dropped 177 points to 13,672, and the S&P 500 slid 47 points to 4,145. The Dow Jones Industrial Average plunged 231 points to 33,055.
The UK recorded several lower-than-expected PMI readings, indicating an economic decline. The GBP/USD then fell by 23 pips to 1.2414. Meanwhile, the UK year-on-year inflation rate is expected to slow from 10.1% to 8.3% in April.
EUR/USD declined 43 pips to 1.0770, and AUD/USD slipped 44 pips to 0.6609. USD/CAD and USD/JPY both closed one pip lower at 1.3504 and 138.59 respectively.
Later tonight, Mitrade estimates US crude oil inventories to decrease by over 9 million barrels. WTI oil futures edged up $0.86 to $72.91 a barrel. Spot gold gained $3 to $1,975.09 an ounce. Bitcoin and Ethereum rose to $27,167.0 and $1,847.13 respectively.
The Nasdaq 100 dropped 177 points to 13,672, and the S&P 500 slid 47 points to 4,145. The Dow Jones Industrial Average plunged 231 points to 33,055.
The UK recorded several lower-than-expected PMI readings, indicating an economic decline. The GBP/USD then fell by 23 pips to 1.2414. Meanwhile, the UK year-on-year inflation rate is expected to slow from 10.1% to 8.3% in April.
EUR/USD declined 43 pips to 1.0770, and AUD/USD slipped 44 pips to 0.6609. USD/CAD and USD/JPY both closed one pip lower at 1.3504 and 138.59 respectively.
Later tonight, Mitrade estimates US crude oil inventories to decrease by over 9 million barrels. WTI oil futures edged up $0.86 to $72.91 a barrel. Spot gold gained $3 to $1,975.09 an ounce. Bitcoin and Ethereum rose to $27,167.0 and $1,847.13 respectively.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.