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Editors’ Picks

EUR/USD stays in negative territory below 1.0650

EUR/USD stays in negative territory below 1.0650

EUR/USD stays under bearish pressure and trades in negative territory below 1.0650 on Monday. The data from the Eurozone showed that the consumer sentiment improved slightly in April but failed to help the Euro rebound.

EUR/USD News

GBP/USD drops amid increasing rate cut expectations by the BoE

GBP/USD drops amid increasing rate cut expectations by the BoE

The Pound Sterling lost ground against the US Dollar and dropped to its lowest level since November last year as investors began to price in a more dovish Bank of England. A scarce economic docket in the UK, left GBP/USD traders adrift to market mood and dynamics linked to the buck. Therefore, the pair trades at 1.2350, down 0.12%.

GBP/USD News

USD/JPY is testing long-term highs at 154.78 with the BoJ on focus

USD/JPY is testing long-term highs at 154.78 with the BoJ on focus

USD/JPY inches towards April high as Japanese Yen loses safe-haven appeal amidst easing Middle East tensions. Geopolitical risks have not gone away completely, new Omicron variant an outside threat. Friday is likely to be a big day for USD/JPY with the BoJ meeting and US PCE inflation data. 

USD/JPY News

Editors’ Picks

EUR/USD stays in negative territory below 1.0650

EUR/USD stays in negative territory below 1.0650

EUR/USD stays under bearish pressure and trades in negative territory below 1.0650 on Monday. The data from the Eurozone showed that the consumer sentiment improved slightly in April but failed to help the Euro rebound.

EUR/USD News

GBP/USD drops amid increasing rate cut expectations by the BoE

GBP/USD drops amid increasing rate cut expectations by the BoE

The Pound Sterling lost ground against the US Dollar and dropped to its lowest level since November last year as investors began to price in a more dovish Bank of England. A scarce economic docket in the UK, left GBP/USD traders adrift to market mood and dynamics linked to the buck. Therefore, the pair trades at 1.2350, down 0.12%.

GBP/USD News

Gold pressures $2,330.00, risk of a steeper correction

Gold pressures $2,330.00, risk of a steeper correction

Gold trades on the back foot and loses over 2% on the day below $2,340. Easing geopolitical tensions cause XAU/USD to stage a deep correction, while the resilience of the US Treasury bond yields further weighs on the pair.

Gold News

XRP jumps above $0.50 as Ripple is set to file opposition brief in SEC lawsuit

XRP jumps above $0.50 as Ripple is set to file opposition brief in SEC lawsuit

XRP price climbed to a high of $0.54 on Monday, hours before Ripple files its response to the Securities and Exchange Commission (SEC) remedies-related opening brief. 

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Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium

Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out

While it is hard to predict when geopolitical news erupts, the level of tension is lower. This week's US figures are set to shape the Fed decision next week – and the BoJ may struggle to halt the Yen's deterioration. 

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