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AUD/USD keeps looking at 0.6500 Premium
Busy hours lie ahead for the Australian dollar, with RBA Governor Lowe facing questions from senators and Australian inflation data being released; these are key events ahead of the next monetary policy decision on June 6.
EUR/USD holds firm above 1.0700 Premium
EUR/USD managed to hold on to its recovery from monthly lows, hovering around 1.0730 ahead of the Asian session. The US Dollar is having a mixed performance amid cautious markets, as investors await news on the debt limit drama.
Gold juggles around $1,960 after a rally inspired by US Dollar’s correction
Gold price has turned sideways around $1,960.00 after failing to extend a rally above $1,963.70 in the early Asian session. A quick rally in the Gold price came after a vertical sell-off in the US Dollar Index (DXY).
AI tokens add $17 billion in 24 hours as Nvidia market cap hits $1 trillion
The Nvidia stock, NVDA, and Artificial Intelligence (AI) hype continue to power gains across the Traditional Finance (TradFi) and the Crypto market. With the US-based company hitting a major milestone over the last 24 hours, AI tokens also enjoyed the ensuing bullishness.
US: Confidence shaken amid early tremors in job market
Consumer confidence slipped slightly in May, and while the weakening may reflect short-term worries about the debt ceiling, the more interesting developments reveal how the sand is shifting under consumers' feet.