EUR/USD holding support, while EUR/JPY remains in an uptrend
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EUR/USD holding support, while EUR/JPY remains in an uptrend
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UK households celebrated the re-opening of parts of the economy in April by going on a spending spree, boosting the positive economic outlook narrative.
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Crude oil prices may continue to decline if UK and US PMI data highlight a sharp inflation pickup that may not be as temporary as central bankers now believe.
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The US Dollar and Japanese Yen may soar thanks to haven demand if traders run for the exits amid a collapse in meme stocks and novelty cryptocurrencies.
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Gold is eyeing a Symmetrical Triangle as the weekend nears amid fading inflation expectations as commodity prices pull back. XAU/USD is also facing Markit US PMI data.
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