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Forex

European Markets Eye Clarity Act Vote as Oil Prices Surge

Guavy AI Editorial Team
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EUR USD
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The European markets experienced a mixed day ahead of key events, including the vote on the Clarity Act and the Federal Reserve's decision. The UK labour market report showed signs of cooling, with payrolls falling again and wage growth slowing.

Oil prices continued to drive market sentiment, with WTI crude oil up 1.45% to $102.86. Gold fell 0.40% to $4281 as surging oil prices increased rate hike bets. The EUR/USD fell 0.11% to 1.1534.

Bitcoin traded at a major support level ahead of the US CPI report, which may impact the cryptocurrency market. Ethereum's price was also closely watched due to its recent surge and the potential impact of the Clarity Act vote.

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