The market got off to a slow start Monday on account of the lighter calendar and US holiday closure, but things are already picking up into Tuesday. The Euro is under pressure early as the prospect for anti-EU candidate victories in France and Italy elections and Greek debt negotiations weigh on the single currency.

Five day performance v. US dollar

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AUD/USD News

USD/JPY holds positive ground above 155.50 following the BoJ Summary of Opinions

USD/JPY holds positive ground above 155.50 following the BoJ Summary of Opinions

The USD/JPY pair trades in positive territory for the fourth consecutive day around 155.60 during the early Asian trading hours on Thursday. However, the fear of further intervention from the Bank of Japan is likely to cap the downside of the Japanese Yen for the time being. 

USD/JPY News

Gold price drops amid higher US yields awaiting next week's US inflation

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Gold remained at familiar levels on Wednesday, trading near $2,312 amid rising US Treasury yields and a strong US dollar. Traders await unemployment claims on Thursday, followed by Friday's University of Michigan Consumer Sentiment survey.

Gold News

President Biden threatens crypto with possible veto of Bitcoin custody among trusted custodians

President Biden threatens crypto with possible veto of Bitcoin custody among trusted custodians

Joe Biden could veto legislation that would allow regulated financial institutions to custody Bitcoin and crypto. Biden administration’s stance would disrupt US SEC’s work to protect crypto market investors and efforts to safeguard broader financial system.

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US inflation data in the market purview

US inflation data in the market purview

With next week's pivotal US inflation data looming, we're witnessing a stall in stock market momentum and an uptick in US Treasury yields. This shift comes amid murmurs of hawkish sentiment from Fed speak. Indeed the mind games intensify even further as investors cling to their rate cut hopes.

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