Market News 7/9
☀️ Morning, traders! The US natural gas lost 10.5% yesterday due to a lower demand forecast from the Energy Information Administration. Here’s what else will move the markets today:
🇦🇺 Quarterly GDP in Australia coincided with expectations and rose by 0.9%. According to the RBA, the country’s economy is feeling strong amid the global recession.
🇯🇵 The Bank of Japan said it would boost bond purchases to stop the yen from weakening. The BOJ will buy $3.8 billion of 5-10 year bonds.
💸 Ethereum implemented the Bellatrix upgrade, the final obstacle before the Merge, which will happen on September 13-15.
🇨🇳 China’s trade growth in August slowed down because of lowering demand. Exports rose 7.1% in August from a year earlier, slowing from an 18% gain in July.
💭 Will gold break the support of $1680 today?
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