The British Pound is on the upswing and may gain more ground against the Euro as all eyes turn to the Bank of England for clues about its plans to unwind Covid-era stimulus.
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The British Pound is on the upswing and may gain more ground against the Euro as all eyes turn to the Bank of England for clues about its plans to unwind Covid-era stimulus.
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Crude oil prices were unable to capitalize on an outsized draw from US inventories amid signs of softer end demand. Technical positioning warns that a major top may be forming.
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Gold prices look to the highly-anticipated non-farm payrolls report, but the Federal Reserve and its members’ reaction to the jobs print will likely be gold’s next big price driver.
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The Australian Dollar fell as China’s NDRC suspended economic talks with Australia ‘indefinitely’, risking escalating tensions. AUD/USD remains glued to risk trends ahead of the US jobs report.
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Bitcoin prices may continue to recover lost ground in the coming days on the back of US bank adoption, while Dogecoin could drift lower ahead of Tesla CEO Elon Musk’s SNL appearance.
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