Tension in the Middle East has eased, which has definitely contributed to some of the latest recovery in risk assets. Currencies have been better bid against the US Dollar and US equity futures are trying to turn back to the topside.

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GBP/USD rises toward 1.2600 on renewed USD weakness

GBP/USD rises toward 1.2600 on renewed USD weakness

After falling toward 1.2500 in the early American session, GBP/USD regained its traction and turned positive on the day above 1.2550. The US Dollar struggles to find demand following the producer inflation data and allows the pair to stretch higher.

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Gold regains its poise on broad US Dollar’s weakness

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Following Monday's decline, Gold stages a rebound toward $2,350 on Tuesday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.5% after April producer inflation data, allowing XAU/USD to hold its ground.

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Ethereum knocking at support’s door

Ethereum knocking at support’s door

Crypto market capitalisation rose 0.8% over the past 24 hours to 2.2 trillion, but growth exceeded 2% for most of the period. However, it dipped at the start of active European trading, temporarily returning to levels of a day ago.

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PPI surprises on the upside, but CPI may not follow suit

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