Markets under pressure... The dollar and oil are rising while gold and Bitcoin are fluctuating!

Financial markets experienced sharp movements during trading on Thursday, influenced by the release of important economic data, including interest rate decisions from both Switzerland and Britain, along with data on U.S. unemployment claims. These developments significantly impacted currencies, stocks, and commodities, leading to noticeable market volatility.

Swiss Franc Weakens After Rate Cut

The Swiss Franc significantly declined after the Swiss National Bank decided to cut interest rates by 25 basis points, raising concerns about a return to negative interest rates. The index of the Franc dropped by 0.52% to reach 113.36 points, reflecting the increasing pressure on the Swiss currency.

British Pound Falls Due to Bank of England Statements

The British Pound index fell by 0.24%, settling at 129.67 points, influenced by the Bank of England's decision to keep interest rates unchanged. However, remarks from the bank's governor, which emphasized a gradual approach to future rate cuts, drove the British currency lower amid a state of economic uncertainty in the markets.

U.S. Dollar Rises on Federal Decisions and Employment Data

The U.S. dollar saw a notable increase, benefiting from positive U.S. unemployment claims data, along with decisions from the Federal Reserve that bolstered expectations for no significant rate cuts this year. The dollar index rose by 0.33% to reach 103.80 points.

Oil Prices Surge Amid Concerns Over Iranian Supply

Oil prices surged, with U.S. crude reaching $68.14 per barrel, driven by the U.S. Treasury Department's decision to impose new sanctions on the Iranian oil sector, which increased fears of global supply shortages in the market.

Gold Slightly Declines Amid Profit-Taking

Gold prices recorded slight declines of 0.10%, bringing the price per ounce to $3042, influenced by profit-taking after gold surpassed the $3050 per ounce level following decisions from the U.S. Federal Reserve.

Bitcoin Drops Over 3% After Federal Decisions

The Bitcoin cryptocurrency suffered significant losses, declining by 3.22% or nearly $3000, trading at $84,000. This drop followed the U.S. Federal Reserve's announcements, which reinforced expectations that there wouldn't be sharp rate cuts this year, negatively impacting digital assets.

Mixed Performance of U.S. Stock Indices

U.S. stock markets displayed mixed performance, with the Dow Jones Industrial Average declining by 0.045% to 41,945.54 points, while the S&P 500 gained 0.28% to 5,659.52 points, and the Nasdaq fell by 0.41% to 17,677.97 points.

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