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Writer's pictureStéphan

Taking stock of EU election results / NFP was stronger, #UST's, #USD reacted / FOMC (U.S CPI), China inflation, BoJ meeting



  • Week ahead : EU digesting election results, Earthquake in France, the center holds in Europe though, FOMC and BoJ meeting, U.S and Chinese inflation data, G7 summit in Bari coming up, EU-China trade war and usual raft of CB speakers >>>> GOLD got hit on China news and strong NFP Friday, Equity markets in europe could well have a reaction lower, you'd think EURO might suffer a little going forward too, sell rallies in EURO (EURGBP breaking down a multi year support around 0.8500 area)

  • China’s central bank didn’t buy any gold last month, ending a massive buying spree that had run for 18 months after the precious metal surged to a record high

  • OPEC+ Plan Turns Hedge Funds Least Bullish on Crude in a Decade

  • Norway's Sovereign Wealth Fund, which owned approximately 0.98% of $TSLA shares worth $7.72 billion at the end of 2023, is voting against Tesla CEO Elon Musk's $56 billion pay package

  • Gold is getting harder to find as miners struggle to excavate more, World Gold Council says

  • Ukrainian warplane fires weapon at target inside Russia for first time

 



Narrow win, lost grip on hard majority


Lost super majority












#eurgbp - should help #GBPCH gain some strength again too



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