The New Zealand Dollar is riding higher following a sharp recovery in market sentiment, driven by gains in Bitcoin after comments from Elon Musk lifted the crypto market.

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Crude oil price action spiked nearly 4% higher on Monday to test the upper end of its recent range. Is the commodity gearing up for a breakout or will Iran nuclear deal and covid risks hinder gains?

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Read on for our 3 steps to follow when using earnings reports for trading.

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Bitcoin bounced Monday afternoon after Tesla CEO Elon Musk tweeted progress toward Bitcoin mining using renewable energy. The coin’s energy consumption has been a rising concern for many investors.

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NZD/USD attempts to retrace the decline from the previous week ahead of the Reserve Bank of New Zealand (RBNZ) interest rate decision on May 26.

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