German inflation rate outpaces estimates
The German year-on-year inflation rate rose by 8.7% in February, against the expected 8.5%. The data also indicated a steady price level increase despite high readings. Later tonight, the Eurozone year-on-year inflation rate is projected to slow from 8.6% to 8.2%, as EUR/USD climbed 89 pips to 1.0665.
GBP/USD added 11 pips to 1.2031, and AUD/USD increased 31 pips to 0.6761. USD/CAD dropped 51 pips to 1.3594, and USD/JPY edged up 2 pips to 136.18.
Although the US had added 1.165 million barrels to the crude oil inventory, against Mitrade's estimate of just 457,000 barrels, WTI crude futures traded $0.51 higher to $77.69 a barrel. Spot gold rose $10 to $1,836.72 an ounce. Bitcoin and Ethereum are trading higher at $23,717.0 and $1,649.79 respectively.
The Dow Jones Industrial Average gained 5 points (+0.02%) to 32,661. But the S&P 500 declined 18 points (-0.47%) to 3,951, and the Nasdaq 100 plunged 103 points (-0.86%) to 11,938.
GBP/USD added 11 pips to 1.2031, and AUD/USD increased 31 pips to 0.6761. USD/CAD dropped 51 pips to 1.3594, and USD/JPY edged up 2 pips to 136.18.
Although the US had added 1.165 million barrels to the crude oil inventory, against Mitrade's estimate of just 457,000 barrels, WTI crude futures traded $0.51 higher to $77.69 a barrel. Spot gold rose $10 to $1,836.72 an ounce. Bitcoin and Ethereum are trading higher at $23,717.0 and $1,649.79 respectively.
The Dow Jones Industrial Average gained 5 points (+0.02%) to 32,661. But the S&P 500 declined 18 points (-0.47%) to 3,951, and the Nasdaq 100 plunged 103 points (-0.86%) to 11,938.