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Sam Eder is author of the Definitive Guide to Developing a Winning Forex Trading System and the Advanced Forex Course for Smart Traders (Get free access). His team provide premium Forex signals to institutional and retail traders (get a free trial). Use Coupon Code: FX Street.

 

FX Renew Pty Ltd ABN 50 168 652 542 the holder of an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL no.455388. Any advice or correspondence is general advice only and is based solely on consideration of the investment or trading merits of the financial products alone, without taking into account the investment objectives, financial situation or particular needs (i.e. financial circumstances) of any particular person. Before making an investment or trading decision based on the general advice, the recipient should carefully consider the appropriateness of the advice in light their financial circumstances and should carefully review FX Renew's FSG and terms and conditions. FX Renew is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Past results are not a guarantee of future performance. RISK DISCLOSURE Trading foreign exchange carries a high level of risk, and may not be suitable for all investors. The high degree of leverage available can magnify profits and as well as losses. You can lose more than your initial deposit. Before trading, please carefully consider the risks and inherent costs and seek independent advice as required. Please contact us, to discuss any questions or concerns you may have, we are here to help.

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Editors’ Picks

AUD/USD remains firm above 0.6600 ahead of RBA

AUD/USD remains firm above 0.6600 ahead of RBA

AUD/USD maintains its bullish bias well and sound on Monday, extending the multi-session recovery past the 0.6600 barrier ahead of the key interest rate decision by the RBA.

AUD/USD News

EUR/USD keeps the constructive tone near 1.0800

EUR/USD keeps the constructive tone near 1.0800

EUR/USD started the week in a positive note amidst the Dollar’s inconclusive price action, altogether motivating the pair to attempt a move to the proximity of the 1.0800 region, where the 200-day SMA also converges.

EUR/USD News

Gold holds on to modest gains around $2,320

Gold holds on to modest gains around $2,320

Gold trades decisively higher on the day above $2,320 in the American session. Retreating US Treasury bond yields after weaker-than-expected US employment data and escalating geopolitical tensions help XAU/USD stretch higher.

Gold News

Bitcoin price holds above $63K as MicroStrategy tops BTC ownership list

Bitcoin price holds above $63K as MicroStrategy tops BTC ownership list

Bitcoin (BTC) price recorded a rather bold two days this past weekend in a surge that saw millions in positions liquidated. However, the week is off to a calm start with altcoins sucking liquidity from the BTC market.

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Stagflation warning: Service economy contracts as prices rise

Stagflation warning: Service economy contracts as prices rise

In another stagflation warning sign, the U.S. service sector contracted in April even as service prices rose. The Institute for Supply Management's non-manufacturing PMI dropped to 49.4 in April, dipping from 51.4 in March. 

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