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Editors’ Picks

EUR/USD tumbles to around 1.1650 amid a souring market mood

EUR/USD is trading around 1.1650, despite update eurozone GDP, The euro is under pressure amid covid-related lockdowns and uncertainty about the US elections. US personal income beat expectations with 0.9%.

EUR/USD News

GBP/USD hovers over 1.29 amid fears of a UK lockdown

GBP/USD is trading above 1.29, off the lows as markets bounce. Fears of a nationwide lockdown loom large, as UK covid cases are rising. Brexit negotiations are also eyed.

GBP/USD News

XAU/USD trims losses and approaches $1,900

Gold futures have bounced up from $1,860 lows, returning to $1,885 area, buoyed by a slightly brighter market mood on Friday which has eased safe-haven demand for the US dollar.

Gold News

Canada: Real GDP grows by 1.2% in August vs. 0.9% expected

The economic activity in Canada expanded by 1.2% on a monthly basis in August, the data published by Statistics Canada showed on Friday. This print followed July's growth of 3.1% (revised from 3%) and beat the market expectation of 0.9%.

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WTI remains near $35 multi-month lows after Baker Hughes’ report

Front-month WTI futures remain near multi-month lows, at $35.35, set for an 11% weekly drop as the release of the Baker Hughes oil rigs data has failed to offer support.

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