It’s all about that reflation narrative, a narrative that continues to force upward pressure on stocks and downward pressure on the Buck. In our Wednesday call, we did however warn to start expecting more dovish speak out of central banks around the globe, in an effort to slow the pace of the USD decline.

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Editors’ Picks

AUD/USD remains under pressure above 0.6400

AUD/USD remains under pressure above 0.6400

AUD/USD managed to regain some composure and rebounded markedly from Tuesday’s YTD lows in the sub-0.6400 region ahead of the release of the Australian labour market report on Thursday.

AUD/USD News

EUR/USD holds above 1.0650 amid renewed selling pressure in US Dollar

EUR/USD holds above 1.0650 amid renewed selling pressure in US Dollar

The EUR/USD pair edges higher to 1.0672 on Thursday during the early Asian session. The recovery of that major pair is bolstered by renewed selling pressure in the US Dollar and a risk-friendly environment.

EUR/USD News

Gold retreats as lower US yields offset the impact of hawkish Powell speech

Gold retreats as lower US yields offset the impact of hawkish Powell speech

Gold prices retreated from close to weekly highs during the North American session on Wednesday amid an improvement in risk appetite. The bullish impulse arrived despite hawkish commentary by US Federal Reserve officials. 

Gold News

OMNI post nearly 50% loss after airdrop and exchange listing

OMNI post nearly 50% loss after airdrop and exchange listing

Omni network lost nearly 50% of its value on Wednesday after investors dumped the token following its listing on top crypto exchanges. A potential reason for the crash may be due to the wider crypto market slump.

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US stock continue to stumble as traders rethink rates

US stock continue to stumble as traders rethink rates

US stocks grappled with uncertainty on Wednesday in the wake of a cautious string of commentary from the US Federal Reserve officials. The S&P 500 is currently experiencing its longest non-bullish streak in months.

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