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MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Friday, U.S. stocks charged higher after a sharp rally Thursday. The Dow Jones Industrial Average gained 272 points (+0.80%) to 34,098, the S&P 500 rose 34 points (+0.83%) to 4,169, and the Nasdaq 100 was up 85 points (+0.65%) to 13,245.

The U.S. 10-year Treasury yield retreated 8.3 basis points to 3.437%.

The market is focusing on the U.S. Federal Reserve’s interest-rate decision on Wednesday (May 3). The central bank is widely expected to raise its key interest rate by 25 basis points to 5.25%, the highest level since 2007.

Automobiles (+2.33%), semiconductors (+1.77%), and commercial & professional services (+1.7%) stock sectors were the top performers on Friday, while retailing (-1.56%) and telecoms services (-0.79%) sectors closed lower.

Intel (INTC) rose 4.02% after the chip-maker said profit margin could improve in second half.

Tesla (TSLA) gained 2.57%, Nvidia (NVDA) rose 1.92%, Qualcomm (QCOM) added 2.53%, Apple (AAPL) increased 0.75%, and Microsoft (MSFT) was up 0.80%.

On the other hand, Amazon.com (AMZN) fell 3.98%. Though the tech giant posted strong first-quarter results, investors were still concerned about growth in the company's cloud computing division Amazon Web Services.

Snap (SNAP) plunged 17.05%, and Pinterest (PINS) tumbled 15.66%. Both social media platforms reported lower-than-expected quarterly results.

T-Mobile US (TMUS) fell 4.03%. The wireless network operator's quarterly revenue and user-number growth missed expectations.

Regarding U.S. economic data, the core personal consumption expenditures (PCE) price growth ticked down to 4.6% on year in March (as expected).

The Chicago purchasing managers index improved to 48.6 in April (vs 46.0 expected).

European stocks also closed higher. The DAX 40 rose 0.77%, the CAC 40 increased 0.10%, and the FTSE 100 was up 0.50%.

U.S. WTI crude futures climbed $1.90 to $76.68 a barrel.

Gold price was little changed at $1,988 an ounce.

Market Wrap: Forex

The U.S. dollar index was steady at 101.65.

EUR/USD declined 12 pips to 1.1016. Data showed that first-quarter gross domestic product growth slowed to 1.3% on year in the Eurozone (vs +1.0% expected), accelerated to 0.8% in France (vs +0.3% expected), and turned down to -0.1% in Germany (vs +0.2% expected).

April inflation rate increased to 5.9% on year in France (vs 5.6% expected), but cooled to 7.2% in Germany (vs 7.3% expected).

USD/JPY surged 229 pips to 136.26. As expected, Japan's central bank kept its ultra-easy monetary policy unchanged, maintaining its key interest rate at negative -0.100%.

GBP/USD jumped 69 pips to 1.2567.

AUD/USD fell 13 pips to 0.6618. Over the weekend, China's official data showed that the manufacturing purchasing managers index dropped back to a contraction reading of 49.2 in April (vs 51.5 expected).

USD/CHF was little changed at 0.8946.

USD/CAD fell 43 pips to 1.3549. Canada's data showed that gross domestic product shrank 0.1% on month in March (vs -0.2% expected).

Bitcoin remained resilient staying above $29,300.
 
MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Monday, U.S. stocks were little changed at close following weekend news that First Republic Bank (FRC) was auctioned off to JPMorgan Chase (JPM). The Dow Jones Industrial Average declined 46 points (-0.14%) to 34,051, the S&P 500 dipped 1 point (-0.04%) to 4,167, and the Nasdaq 100 was down 14 points (-0.11%) to 13,231.

The U.S. Institute for Supply Management (ISM) manufacturing purchasing managers index ticked up to 47.1 in April (vs 46.5 expected), still a contraction reading (below 50).

The U.S. 10-year Treasury yield jumped 15.8 basis points to 3.580%.

Semiconductors (+1.52%) and transportation (+1.5%) stock sectors were the top performers, while retailing (-1.93%), energy (-1.26%), and automobiles (-0.98%) sectors were under pressure.

Over the weekend, U.S. authorities seized failed bank First Republic Bank (FRC) and sold its assets to JPMorgan Chase (JPM) for $10.6 billion. Shares of JPMorgan Chase (JPM) closed 2.14% higher.

ON Semiconductor (ON) jumped 8.85% after reporting better-than-expected first-quarter earnings. Nvidia (NVDA) rose 4.18%, and Microchip Technology (MCHP) gained 3.27%.

Norwegian Cruise Line (NCLH) climbed 8.91% as the cruise operator's quarterly loss narrowed.

Meta Platforms (META) rose 1.19%. Bloomberg News reported that the Facebook parent company may raise $7 billion to finance capital expenditure and stock repurchase.

Meanwhile, Exxon Mobil (XOM) fell 3.1% as the stock was downgraded to "neutral" at Goldman Sachs.

European markets were closed for the Labor Day and bank holiday.

U.S. WTI crude futures dropped $1.10 to $75.70 a barrel.

Gold price declined $8 to $1,981 an ounce.

Market Wrap: Forex

The U.S. dollar strengthened against other major currencies on the slight improvement in the ISM manufacturing index. The dollar index rose to 102.13.

EUR/USD declined 45 pips to 1.0974.

USD/JPY jumped 121 pips to 137.51. Japan's financial markets will be closed on Wednesday to Friday for different holidays.

GBP/USD dropped 76 pips to 1.2491.

AUD/USD added 15 pips to 0.6630. Later today, Australia's central bank is expected to keep its key interest rate unchanged at 3.60%.

USD/CHF climbed 15 pips to 0.8961, while USD/CAD declined 6 pips to 1.3546.

Bitcoin sank over 4% to test the support at the $28,000 level.
 
MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Tuesday, U.S. stocks came under pressure ahead of the Federal Reserve's interest-rate decision due Wednesday. The Dow Jones Industrial Average fell 367 points (-1.08%) to 33,684, the S&P 500 dropped 48 points (-1.16%) to 4,119, and the Nasdaq 100 was down 117 points (-0.89%) to 13,113.

While the Fed is widely expected to raise interest rates by a further 25 basis points, investors are wondering if the central bank will pause hiking rates thereafter.

The U.S. 10-year Treasury yield dropped 13.9 basis points to 3.430%.

Energy (-4.28%), banks (-3.21%), and telecoms services (-2.45%) stock sectors lost the most.

Shares of regional banks tumbled following the collapse of First Republic Bank. PacWest Bancorp (PACW) plunged 27.78%, and Western Alliance Bancorp (WAL) sank 15.12%.

Morgan Stanley (MS) fell 1.87%. Bloomberg reported that the bank may eliminate 3,000 jobs, about 5% of its workforce, by the end of the current quarter.

On the other hand, Uber Technologies (UBER) jumped 11.55%, and NXP Semiconductor (NXPI) rose 3.31%. Both companies posted better-than-expected quarterly earnings.

In after-market hours, after releasing quarterly results, both Ford Motor (F) and Starbucks (SBUX) declined about 1%, and Advanced Micro Devices (AMD) shed 6%.

Regarding U.S. economic data, an official report showed that the number of job openings declined to 9.59 million in March (vs 9.70 million expected). Factory orders rose 0.9% on month in March (vs +1.2% expected).

European stocks also closed lower. The DAX 40 fell 1.23%, the CAC 40 dropped 1.45%, and the FTSE 100 was down 1.24%.

U.S. WTI crude futures declined $4.00 (-5.29%) to $71.65 a barrel.

Gold price jumped $33 (+1.66%) to $2,016 an ounce.

Market Wrap: Forex

The U.S. dollar index declined to 101.90.

EUR/USD added 27 pips to 1.1003. The Eurozone's inflation rate ticked up to 7.0% on year in April (vs 6.9% expected). Germany's retail sales dropped 2.4% on month in March (vs +0.5% expected).

USD/JPY retreated 95 pips to 136.55. Japan's financial markets will be closed from Wednesday to Friday for various holidays.

GBP/USD fell 24 pips to 1.2472. In the U.K., the Nationwide housing price index added 0.5% on month in April (vs -0.4% expected).

AUD/USD rose 36 pips to 0.6666. The Reserve Bank of Australia surprised the market by raising its key interest rate by 25 basis points to 3.85%. The central bank said some further tightening of monetary policy may be required to ensure that inflation returns to its target level.

USD/CHF fell 24 pips to 0.8931, while USD/CAD climbed 81 pips to 1.3625.

Bitcoin rebounded over 2% to $28,700.
 
MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Wednesday, U.S. stocks closed lower after market volatility increased in the Federal Reserve's interest-rate decision day. The Dow Jones Industrial Average fell 270 points (-0.80%) to 33,414, the S&P 500 dropped 28 points (-0.70%) to 4,090, and the Nasdaq 100 was down 83 points (-0.64%) to 13,030.

As expected, the Federal Reserve raised its key interest rate by 25 basis points to a target range of 5.00% - 5.25%. Major stock indexes posted gains as the central bank's statement hinted at pausing further rate hikes.

However, stocks reversed to the downside after Federal Reserve Chair Jerome Powell commented that it is too soon to say the rate-hike cycle is over as inflation remains too high.

The U.S. 10-year Treasury yield dropped 6.6 basis points to 3.358%.

Consumer services (-2.72%), energy (-1.92%), and banks (-1.68%) stock sectors led the market lower.

Advanced Micro Devices (AMD) sank 9.22% after the chip maker posted a lower-than-expected second-quarter sales guidance.

Starbucks (SBUX) shed 9.17% after the global cafe chain failed to raise its full-year result guidance.

Estee Lauder (EL) plunged 17.34% to $202.7. The cosmetics company cut its full-year result guidance.

On the other hand, Clorox Company (CLX) rose 4.70% after the supplier of cleaning and consumer products reported upbeat quarterly earnings and raised its full-year result guidance.

Eli Lilly (LLY) climbed 6.68% after the pharmaceutical developer released positive test results regarding an Alzheimer's treatment.

Regarding U.S. economic data, the ADP jobs report showed that the economy added 296,000 private jobs in April (vs +140,000 expected). The Institute for Supply Management (ISM) services purchasing managers index ticked up to 51.9 in April (vs 51.5 expected).

European stocks closed higher. The DAX 40 rose 0.56%, the CAC 40 added 0.28%, and the FTSE 100 gained 0.20%.

U.S. WTI crude futures dropped a further $3.40 to $68.30 a barrel. The U.S. Energy Department reported a reduction of 1.28 million barrels in crude-oil stockpiles (vs -1.10 million barrels expected).

Gold price climbed $13 to $2,030 an ounce.

Market Wrap: Forex

The U.S. dollar softened against other major currencies as the central bank signaled that it may pause further rate hikes. The dollar index declined to 101.37.

EUR/USD rose 54 pips to 1.1050. The Eurozone's data showed that the jobless rate eased to 6.5% in March (vs 6.6% expected).

USD/JPY retreated 139 pips to 135.16.

GBP/USD jumped 88 pips to 1.2555.

AUD/USD rose 10 pips to 0.6673. Australia's data showed that retail sales grew 0.4% on month in March (vs +0.3% expected).

USD/CHF fell 72 pips to 0.8860, and USD/CAD dipped 7 pips to 1.3619.

Bitcoin climbed back to levels above $29,000.
 
MARKET COMMENTARY


On Thursday, U.S. stocks closed in the red as the S&P 500 declined 29.38pts (-0.72%) to 4061, the Nasdaq 100 fell 47.73pts (-0.37%) to 12982 and the Dow Jones Industrial Average dropped 286.5pts (-0.86%) to 33127.

On the sector front, shares in the Banks (-2.82%), Consumer Durables & Apparel (-1.98%), and Media (-1.32%) sectors underperformed the most during the trading session.

On the U.S. equity front, PacWest Bancorp (PACW) plunged 50.62% to $3.17 and underperformed the Nasdaq 100 after Bloomberg reported the company is weighing strategic options, including a potential sale. Following that report, PacWest confirmed it is in talks with investors. Meanwhile, Western Alliance Bancorp (WAL) sank 38.45% to $18.2 after the bank denied a report that it is considering strategic options, including selling all or parts of its business, as per the Financial Times.

Paramount Global (PARA), a media company, slid 28.35% to $16.4 on first-quarter adjusted loss per share of -$1.81, against a profit of $0.14 expected, and after the company slashed its dividend by 79%. Also, QUALCOMM (QCOM), a maker of digital wireless communications equipment, fell 5.54% to $106.58 as the company delivered a poor top and bottom-line guidance for the current quarter while TripAdvisor (TRIP), an online travel research company, dropped 8.6% to $15.63 as quarterly earnings disappointed investors. Both stocks lagged the Nasdaq 100.

Oppositely, SolarEdge Technologies (SEDG), a global leader in smart energy technology, rose 6.6% to $281.22 as quarterly earnings beat expectations and Zillow Group (ZG), an online real estate marketplace, jumped 10.63% to $45.88 as first-quarter sales topped expectations. Finally, Advanced Micro Devices (AMD), a designer and producer of microprocessors, rose 6.11% to $86.61 after Bloomberg reported that Microsoft (MSFT) is working with the chipmaker and helping it expand into artificial intelligence processors to offer an alternative to Nvidia (NVDA)'s GPUs.

From a technical point of view, Home Depot (HD -2.5% to $285.75), Verizon Communications (VZ -1.66% to $37.35), and Walt Disney (DIS -3.38% to $97.45) crossed under their 50-day moving average.

On the U.S. economic data front, weekly initial jobless claims rose to 242,000, from 229,000 in the prior period and 245,000 anticipated, while March's trade deficit came in at 64.2 billion dollars, compared to 63.1 billion dollars forecasted.

The U.S. 10-year Treasury Yield gained 3bps to 3.366%.

European stocks were also lower at the close. The Dax 40 fell 0.51%, while the Cac 40 dropped 0.85% and the FTSE 100 decreased 1.10%.

After the close of Wall Street, WTI Crude Future (JUN 23) was about flat to $68.54. The contract was below its 20D MA (@ $77.59) and below its 50D MA (@ $75.91).

Gold was up $11.7 to $2050.7. The precious metal was above its 20D MA (@ $2004) and above its 50D MA (@ $1949).

Copper Future (JUL 23) on Comex was up 1.2c to 385.65c/lb. The contract was below its 20D MA (@ 397.84c) and below its 50D MA (@ 401.02c).

Market Wrap: FOREX

The U.S. dollar index was relatively flat at 101.41.

EUR/USD declined 48pips to 1.1014. In Europe, the European Central Bank raised its key interest rates by 25 basis points at 3.75%. Also, final readings of April's HCOB Services Purchasing Managers Index were released at 56.2, vs 56.6 expected for the Eurozone, at 56.0, vs 55.7 expected for Germany, and at 54.6, vs 56.3 expected for France. Meanwhile, the Eurozone's March Producer Prices Index was down 1.6% on month, vs -1.7% expected, while Germany's March trade surplus was released at 16.7 billion euros, against 16.5 billion expected.

GBP/USD added 7pips to 1.2571. In the U.K., a final reading of April's S&P Global Services PMI was released at 55.9, vs 54.9 expected, while March Mortgage Approvals stood at 52,011, above 45,100 expected.

USD/JPY slid 54pips to 134.17.

AUD/USD increased 20pips to 0.6691. In Australia, the trade surplus totaled 15.27 billion Australian dollars in March, above 13.20 billion Australian dollars expected, and exports were up 4% on month.

USD/CHF rose 18pips to 0.8858.

USD/CAD fell 75pips to 1.354. In Canada, the trade surplus was released at 970 million dollars for March, against 300 million dollars expected, while the April Ivey PMI was posted at 56.8, above 53 forecasted.

Bitcoin traded higher to 28829 while Ethereum climbed to 1874.

After Hours

After the market closed, Apple (AAPL), the consumer electronics company, traded higher after reporting second-quarter top and bottom-line figures that beat estimates while also authorizing an increase of up to 90 billion dollars to its share buyback plan. Oppositely, Lyft (LYFT), the ridesharing company, is sliding as second-quarter revenue forecast was below median expectations.

Meanwhile, Booking Holdings (BKNG), one of the largest online travel companies, dropped after hours as first-quarter revenue barely beat estimates while AIG (AIG), a global insurance and financial services firm, rose as first-quarter adjusted earnings per share topped estimates as well as after the company boosted its quarterly dividend.
 
Payout
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MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Friday, U.S. stocks rebounded sharply following Apple's (AAPL) strong quarterly results and higher job growth reported. The Dow Jones Industrial Average rose 546 points (+1.65%) to 33,674, the S&P 500 climbed 75 points (+1.85%) to 4,136, and the Nasdaq 100 jumped 276 points (+2.13%) to 13,259.

U.S. data showed that the economy added 253,000 nonfarm payrolls in April (vs 190,000 expected) with the jobless rate declining to 3.4% (vs 3.6% expected), a 53-year low.

However, the nonfarm-payroll number for March was revised lower to 165,000 from 236,000 previously reported.

The U.S. 10-year Treasury yield gained 4.7 basis points to 3.426%.

Automobiles (+5.1%), technology hardware & equipment (+4.04%), and banks (+3.24%) stock sectors led the market higher.

Apple (AAPL) jumped 4.69%. The consumer electronics giant reported better-than-expected second-quarter revenue and earnings, and enlarged its share-buyback plan to $90 billion.

Tesla (TSLA) rallied 5.50%, Nvidia (NVDA) rose 4.06%, Microsoft (MSFT) climbed 1.72%, and Amazon.com (AMZN) was up 1.59%.

Expedia (EXPE) rose 4.90%. The online travel agency's quarterly sales exceeded expectations.

Coinbase Global (COIN) surged 18.33%, and Carvana (CVNA) soared 24.44%, as both companies posted smaller-than-expected quarterly losses.

On the other hand, Lyft (LYFT) sank 19.27%, as the ridesharing company gave a lower-than-expected second-quarter revenue forecast.

European stocks also closed higher. The DAX 40 rose 1.44%, the CAC 40 gained 1.26%, and the FTSE 100 was up 0.98%.

U.S. WTI crude futures jumped $2.80 (+4.09%) to $71.31 a barrel. However, they were still down 7% for the week.

Gold price retreated $33 to $2,016 an ounce.

Market Wrap: Forex

The U.S. dollar index dipped to 101.28.

EUR/USD added 8 pips to 1.1020. The Eurozone's data showed that retail sales declined 1.2% on month in March (vs -0.1% expected).

Germany's factory orders slumped 10.7% on month in March (vs -2.3% expected). France's industrial production dropped 1.1% on month in March (vs -0.4% expected).

USD/JPY added 56 pips to 134.85.

GBP/USD gained 61 pips to 1.2635.

AUD/USD climbed 60 pips to 0.6753.

USD/CHF climbed 47 pips to 0.8904.

USD/CAD dropped 159 pips to 1.3380. Canada's data showed that the jobless rate ticked down to 5.0% in April (vs 5.2% expected).

Over the weekend, Bitcoin dipped below $29,000. In Sunday morning, Binance, the world's largest crypto exchange, temporarily paused Bitcoin withdrawals as the Bitcoin blockchain became overwhelmed with pending transactions and surging fees.
 
MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Monday, U.S. stocks showed muted actions compared to the strong rally in the prior session. The Nasdaq 100 advanced 32 points (+0.25%) to 13,291, the S&P 500 added 1 point (+0.05%) to 4,138, while the Dow Jones Industrial Average fell 55 points (-0.17%) to 33,618.

The U.S. 10-year Treasury yield gained 7.8 basis points to 3.515%.

Media (+1.45%), automobiles (+0.95%), and insurance (+0.77%) stock sectors gained the most, while real estate (-0.65%) and software & services (-0.48%) sectors underperformed the market.

Tyson Foods (TSN) plunged 16.41%. The largest U.S. producer of processed chicken and beef posted an unexpected quarterly loss and cut its full-year sales guidance.

KKR & Co (KKR) slid 4.27%. The investment firm's first-quarter earnings dropped 26% on year.

American Airlines (AAL) rose 3.53% as the stock was upgraded to "overweight" at JPMorgan.

Albemarle Corp (ALB) gained 3.44%. The world's largest lithium producer was upgraded to "neutral" at Bank of America.

Advanced Micro Devices (AMD) jumped 5.79% posting a strong three-day rally.

Tesla (TSLA) climbed a further 1.02% after rallying 5.50% Friday.

PacWest Bancorp (PACW) once surged about 30% but ended with a gain of only 3.65%. The regional bank announced a sharp cut in its quarterly dividend to boost capital.

In Europe, the DAX 40 edged down 0.05%, while the CAC 40 added 0.11%. The U.K. stock market was closed for a bank holiday for the coronation of King Charles III.

Oil prices continued to rebound as recession fears seemed to be fading. U.S. WTI crude futures rose $1.50 to $72.80 a barrel.

Gold price added $4 to $2,020 an ounce.

Market Wrap: Forex

The U.S. dollar index edged up to 101.40.

EUR/USD declined 16 pips to 1.1003. Germany's data showed that industrial production dropped 3.4% on month in March (vs +0.7% expected).

USD/JPY added 28 pips to 135.08. This morning, Japan's data showed that household spending fell 1.9% on year in March (vs +0.5% expected).

GBP/USD fell 19 pips to 1.2617. This morning, the British Retail Consortium reported that U.K. like-for-like retail sales increased 5.2% on year in April (vs +4.1% expected).

AUD/USD increased 33 pips to 0.6782. In Australia, the National Australia Bank (NAB) business confidence index improved to 0 in April from -1 in March.

USD/CHF declined 10 pips to 0.8899, and USD/CAD eased 4 pips to 1.3371.

Bitcoin sank a further 3% to $27,600. Binance, the world's largest crypto exchange, temporarily paused Bitcoin withdrawals twice due to heavy volumes and surging processing fees for the Bitcoin miners.
 
MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Wednesday, U.S. stocks closed mostly higher after data showed that inflation cooled further. The S&P 500 rose 18 points (+0.45%) to 4,137, and the Nasdaq 100 jumped 146 points (+1.11%) to 13,347, while the Dow Jones Industrial Average declined 30 points (-0.09%) to 33,531.

The U.S. inflation rate slowed further to 4.9% on year in April (as expected), below 5.0% for the first time in two years.

Fed funds futures indicate that traders are expecting in a pause in interest-rate hikes in June.

The U.S. 10-year Treasury yield dropped 8 basis points to 3.439%.

Media (+1.92%), software & services (+1.59%), and retailing (+1.54%) stock sectors gained the most, while energy (-1.15%), consumer durables & apparel (-0.98%), and banks (-0.74%) sectors lagged behind.

Alphabet (GOOGL) rose 4.10% after the company's chief executive said Google will begin integrating its artificial intelligence chatbot Bard into its search engine.

At the same time, Amazon.com (AMZN) climbed 3.35%, Apple (AAPL) gained 1.04%, Microsoft (MSFT) added 1.73%, and Nvidia (NVDA) was up 1.10%.

Rivian Automotive (RIVN) closed 1.80% higher. The electric-vehicle maker posted a smaller-than-expected first-quarter loss per share.

Li Auto (LI) jumped 13.93% as the company's second-quarter revenue exceeded expectations.

On the other hand, Twilio (TWLO) slid 12.64%, as the cloud-platform company gave a lower-than-expected forecast for the current-quarter results.

Airbnb (ABNB) dropped 10.92%. The home rental platform provided a down-beat second-quarter revenue forecast.

Occidental Petroleum (OXY) declined 3.58%. The energy company's first-quarter adjusted earnings per share missed expectations.

European stocks closed lower. The DAX 40 fell 0.37%, the CAC 40 dropped 0.49%, and the FTSE 100 was down 0.29%.

U.S. WTI crude futures declined $0.90 to $72.85 a barrel. The U.S. Energy Department reported an addition of 2.95 million barrels in crude-oil stockpiles (vs -0.92 million barrels expected).

Gold price eased $3 to $2,031 an ounce.

Market Wrap: Forex

The dollar index edged down to 101.43.

EUR/USD climbed 20 pips to 1.0982, GBP/USD added 6 pips to 1.2627.

USD/JPY slid 89 pips to 134.34.

AUD/USD gained 16 pips to 0.6778.

USD/CHF declined 11 pips to 0.8894.

USD/CAD eased 7 pips to 1.3377. Canada's data showed that the number of building permits climbed 11.3% on month in March (vs +1.4% expected).

Bitcoin once jumped to levels around $28,300 before retreating to $27,600.
 

Live Forex Chart

Currency
Rates
EUR / USD
1.14645
USD / JPY
157.450
GBP / USD
1.33675
USD / CHF
0.82125
USD / CAD
1.40385
EUR / JPY
180.478
AUD / USD
0.71190
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