Is there about to be a recovery taking off?

 

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Editors’ Picks

AUD/USD struggles to carry four-day winning streak above 0.6900

AUD/USD seesaws around 0.6925, following a U-turn from 0.6901, during the early Asian session on Friday. The pair’s failure to extend the recent upward trajectory seems to take clues from the broad risk-aversion wave.

AUD/USD News

USD/JPY: Still ranging around 107.50

The USD/JPY pair is finishing Thursday with modest gains a few pips above 107.50, after barely reacting to US employment data and equities movements. Better than expected US employment data fell short of boosting the pair.

USD/JPY News

Gold: Bears seeking justice below key support

XAU/USD has been a mixed bag this week and for the start of the month, trapping bears ina recent stop hunt from the $1,757.66 level where it met a high of $1,779.69 on the last session before the US long weekend. 

Gold News

NFP Soar: A record 4.8 million jobs added in June, unemployment drops to 11.1%

American employers hired back 4.8 million workers in June and the unemployment rate dropped to a pandemic low of 11.1% as the US economy continued to reopen despite setbacks in some states.

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Oil: $40 per barrel has been broken again but there is a lack of conviction at these current levels

WTI has continued to move higher on Thursday but the price action seems pretty lacklustre despite volatility elsewhere. There have been some decent news stories in the past few sessions as it was confirmed OPEC output reached a two-decade low after over compliance from Saudi Arabia. 

Oil News

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