British Pound (GBP) Outlook: GBP/AUD, GBP/NZD, GBP/JPY Weakening

Sterling is shifting lower against the Australian Dollar, New Zealand Dollar and Japanese Yen, as well as the Euro, after Andy Haldane, the lone hawk among UK policymakers, decided to step down.

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Nasdaq to Outperform Dow Jones as Reflation Trade Loses its Luster

The tech-heavy Nasdaq may outperform the benchmark Dow Jones index in the coming weeks as strong demand for Treasuries, and in-line inflation prints, take some steam out of the Reflation Trade.

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Crude Oil Prices Climb on Falling Stockpiles, Brighter Demand Outlook

Crude oil prices extended higher on a larger-than-expected fall in crude inventories. Bullish momentum was building after OPEC+ upgraded its outlook for global oil demand.

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Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields

Gold prices advanced as longer-dated Treasury yields fell after a smooth 30-year bond auction. Strong US inflation data sent the US Dollar lower and buoyed precious metals prices.

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New Zealand Dollar Forecast: NZD/USD Unscathed as RBNZ Holds Course

The New Zealand Dollar gave a muted reaction following the RBNZ’s April OCR decision. NZD/USD appears to be aiming higher after a Falling Wedge break.

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