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The US treasury yields are now making some upside progress. The 2 Year note is now rising above 4.87%. Earlier it traded as low as 4.82%. This push higher has come after the release of the batch of latest US economic data. As just reported, all that news has helped the USD/JPY rebound and of course those modestly higher yields have played a part in that too. So, as the USD/JPY rebounds with yields that has pushed gold back down below 1,970. Earlier Gold had lifted just above 1,975. It is now trading at 1,966.30
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
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