We come into the new week dealing with an ugly Friday session of trade in which risk assets took a beating. Worry around the outlook for the global economy was already running high before investors turned their attention to the US jobs report.

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EUR/USD resumes slide and approaches 1.0900

EUR/USD resumes slide and approaches 1.0900

EUR/USD failed to extend gains and is back under selling pressure in the American session. United States inflation and employment-related figures kept the Fed on the 25 bps rate cut path.
 

EUR/USD News
GBP/USD loses momentum and drops to 1.3050

GBP/USD loses momentum and drops to 1.3050

The British pound seems to be running out of steam on Thursday, prompting GBP/USD to face some selling pressueer and slip back to the 1.3050 area, down modestly for the day.

GBP/USD News
Gold grinds north above $2,620

Gold grinds north above $2,620

Gold price bounced sharply after nearing the $2,600 mark, now trading around the $2,620 level. The US Dollar saw a short-lived spike following the release of US data, which came opposite to the Fed needs.

Gold News
Bitcoin vulnerable despite surge in stablecoin market capitalization

Bitcoin vulnerable despite surge in stablecoin market capitalization

Bitcoin price closed below the $62,000 support on Wednesday, showing signs of weakness. CryptoQuant report shows how rising stablecoin market capitalization could be a positive sign for Bitcoin and other cryptocurrencies.

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RBA widely expected to keep key interest rate unchanged amid persisting price pressures

RBA widely expected to keep key interest rate unchanged amid persisting price pressures

The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.

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Five best Forex brokers in 2024

Five best Forex brokers in 2024

VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals. 

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