GBP/JPY stretches recovery above 160.0 ahead of BoJ Kuroda’s speech – by Sagar_Dua24 GBPJPY BOE BOJ Inflation RetailSales
AUD/USD grinds near intraday high surrounding 0.6650 amid Monday’s sluggish Asian session, portraying mildly positive sentiment after a week of pessimism and volatility. The Aussie pair cheers hopes of easing banking fears while also cheering news suggesting the challenges for the Federal Reserve’s rate hikes.EUR/USD retreats towards 1.0750 as it consolidates the previous weekly gains amid cautious mood in the market ahead of the key inflation data from Europe and the US.
The precious metal is not showing any signs of a rebound, therefore, more downside is anticipated further. Bearish bets for Gold price soared after S&P Global reported upbeat preliminary United States PMI figures on Friday.Bitcoin price has had a stellar performance last week with over 28% gains in its books. Bulls however saw their dream crushed of $30,000 as $290,000 brought a firm rejection and bulls have been unable to trade back at that level ever since.
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