Brief Highlights:
- Global bonds slump as central banks surprise with interest rate hikes, signalling continued efforts to combat inflation.
- Bank of Canada raises rates to a 22-year high, with expectations for further increases to cool an overheating economy.
- Asian shares slip on concerns of prolonged higher rates and hawkish Federal Reserve stance.
- Bitcoin experiences a price contraction following regulatory actions against Coinbase and Binance, raising concerns of potential year-to-date lows.
- U.S. trade deficit widens as imports rebound and energy exports decline, potentially impacting economic growth.
- Tech shares lead to declines in U.S. equities, while Asian markets face weakness in Chinese stocks.
- Key upcoming events include Eurozone GDP, rate decisions in India and Peru, U.S. wholesale inventories and initial jobless claims, and China's PPI and CPI data.
🌞 Chump Profit Forex Morning Brief - Thursday Edition 🌞 read more
Dollar Index (DXY) Intraday:
Pivot Level: 104.02
Gold Intraday:
Pivot Level: 1949.90
USD/JPY Intraday
Pivot: 139.81
.
AUD/USD Intraday:
Pivot: 0.6670
Crude Oil (WTI) Intraday
Pivot: 72.58
USD/CAD Intraday:
Pivot: 1.3374
EUR/USD Intraday:
Pivot: 1.070
GBP/USD Intraday:
Pivot: 1.245
EUR/GBP Intraday:
Pivot: 0.8599
Nasdaq 100 Intraday:
Pivot: 14411.00
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