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HIGH: GREECE
Varoufakis out in the cold. Officials apparently want to bypass the Greek finance minister in the hope of galvanising bailout talks after a fraught meeting in Riga this weekend. Mr Varoufakis, who seems increasingly unpopular, was singled out by his Eurozone colleagues and many are now hoping to broker a deal on reforms by dealing directly with prime minister Alexis Tsipras. Perhaps as a result of this, communications have now opened directly between German Chancellor Angela Merkal and the Greek Prime Minister in order to bring about a solution.
LOW: UK
Labour will today attempt to woo first time buyers, by announcing it will scrap stamp duty for first time buyers on properties worth up to £300,000. This move is seen as a bid to appeal to younger voters for whom it is increasingly difficult to get onto the property ladder. This comes as we approach the final stretch of the election campaign with the polls still suggesting the top two parties are neck-and-neck.
LOW: YEMEN
Saudi campaign in Yemen resumes. Saudi officials said last week that the air strikes had achieved their objectives but it now appears that rather than abating, they have actually increased in regularity. Violence escalated last week as Saudis insisted that the Houthis retreat and the Houthis demanded an unconditional end to the air strikes.
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AUD/USD holds above 0.6500 in thin trading
The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.
EUR/USD comfortable below 1.0800 lower lows at sight
The EUR/USD pair lost ground on Thursday and settled near a fresh March low of 1.0774. Strong US data and hawkish Fed speakers comments lead the way ahead of the release of the US PCE Price Index on Friday.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.
Google starts indexing Bitcoin addresses
Bitcoin address data is live on Google search results after users realized on Thursday that the tech giant started indexing Bitcoin blockchain data. However, mixed reactions have followed the tech giant's reversed stance on the cryptocurrency.
A Hollywood ending for fourth quarter GDP
The latest revisions put Q4 GDP at 3.4%, the second fastest quarterly growth rate in two years. Much of the upside was attributable to stronger consumer spending, yet fresh profits data affirmed it was a good quarter for the bottom line as well with profits up by the most since the Q2-2022.