WTI Trades at 7-Year Record; Global Stocks Mostly Higher; Agricultural Commodities Hit New Highs; US Dollar Sells Off
Agricultural commodities such as cotton, corn, and soybeans have continued to rise firmly to reach new multi-month high prices.
have continued to recover. Ethereum has moved up more strongly than Bitcoin, suggesting Ethereum would be likely to make a better long trade than Bitcoin right now. Yesterday’s release of Canadian GDP data exceeded expectations, showing a month on month increase of 0.6% compared to the 0.4% which had been expected. However, the Canadian Dollar barely reacted to the news.unemployment data saw the unemployment rate fall to a lower level than had been expected, 3.2% against 3.3%. The New Zealand dollar did not react to the news., suggesting that the omicron variant wave may have already peaked worldwide.
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