Last night, the US quarter-on-quarter GDP growth rate was at 1.1% - noticeably lower than Mitrade's expectations of 2.0%. On the other hand, the labor market strengthens as the Initial Jobless Claims reading decreases to 230,000.
Germany and Canada will announce their GDP data tonight, with the market estimating lower readings at 0.3% and 0.2% respectively. EUR/USD fell 13 pips to 1.1027, and USD/CAD declined 44 pips to 1.3591. GBP/USD added 20 pips to 1.2487, and AUD/USD increased 31 pips to 0.6629. USD/JPY rose 26 pips to 133.93.
Spot gold slipped $1.55 to HKEX:1 ,987.85 an ounce, and WTI oil futures edged up $0.38 to $74.76 a barrel. Bitcoin is currently trading below the HKEX:30 ,000 level at HKEX:29 ,551, and Ethereum just climbed to HKEX:1 ,913.53.
A strong earnings report sent Meta Platforms (META) surging 13.93% to $238.56 and supported the Nasdaq 100 to gain 353 points to 13,160. The S&P 500 increased 79 points to 4,135, and the Dow Jones Industrial Average advanced 524 points to 33,826. #OPINIONLEADER#
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