Extended inflation expected in Canada and Europe
On Washington's Birthday, US President Joe Biden paid a surprise visit to Kyiv, reiterating his unwavering support for Ukraine against the Russian invasion. From military equipment and economic aid, to further sanctions on Russia, they will likely impact the global economy soon.
The US stock market remains closed. Later today, Mtrade expects inflation readings in Canada, Germany, and the UK to increase, with Canada's Core CPI jumping from -0.3% to 0.2%. USD/CAD then fell 19 pips to 1.3451.
Meanwhile, EUR/USD moved down 12 pips to 1.0682, and GBP/USD traded 3 pips higher to 1.2038. AUD/USD rose 26 pips to 0.6905, and USD/JPY added 7 pips to 134.23.
Spot gold slid $2 to $1,841.36 an ounce, and WTI crude futures saw a minor $0.86 uptick to $77.41 a barrel. Bitcoin and Ethereum climbed steadily to $24,856.0 and $1,706.81 respectively.
The US stock market remains closed. Later today, Mtrade expects inflation readings in Canada, Germany, and the UK to increase, with Canada's Core CPI jumping from -0.3% to 0.2%. USD/CAD then fell 19 pips to 1.3451.
Meanwhile, EUR/USD moved down 12 pips to 1.0682, and GBP/USD traded 3 pips higher to 1.2038. AUD/USD rose 26 pips to 0.6905, and USD/JPY added 7 pips to 134.23.
Spot gold slid $2 to $1,841.36 an ounce, and WTI crude futures saw a minor $0.86 uptick to $77.41 a barrel. Bitcoin and Ethereum climbed steadily to $24,856.0 and $1,706.81 respectively.
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