A big week ahead in terms of event risk as Euro eyes a recovery. Euro Area inflation likely to be overshadowed by a potential deal on the debt ceiling. Time for a EUR/USD retracement?

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The UK government bond market (gilts) is having a torrid time post-inflation data with yields jumping as markets price-in a fresh round of BoE rate hikes.

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The Euro made some gains in European trading on Friday, but remains set for another week of losses against the US Dollar.

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Gold prices turned lower and retraced session gains after U.S. PCE data showed that consumer spending and inflation grew more than expected in April, a sign that the Fed may be reluctant to hit the pause button.

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USD/JPY is taking a break after its recent rally with US dollar strength priming the pair for a fresh test of Thursday’s multi-month high

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