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Bitcoin & Etherum Drop as China Declares Cryptocurrency Activities Illegal

Bitcoin & Etherum Drop as China Declares Cryptocurrency Activities Illegal
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US Dollar Drops, Gold Pops on Mixed NFP Report

GBP/USD, EUR/GBP Reversing on AstraZeneca Vaccine Latest

GBP/USD, EUR/GBP Reversing on AstraZeneca Vaccine Latest 2021-04-07 15:20:00 Justin McQueen, Analyst GBP Losses Reversing as Medical Authorities Reiterate Benefits Outweigh Risk Vaccine Alternatives to be Given to Under 30s AstraZeneca vaccine latest For much of today’s session, the Pound has come under notable pressure and while a large part of this has been due to position squaring, most notably in EUR/GBP, having corrected to the mid-0.86s. There has also been rising risks over the AstraZeneca vaccine and its link to rare forms of blood clots. BLOOD CLOT LINK: The EMA stated that unusual blood clotting with Astrazeneca vaccine should be listed as a possible but rare side effect, however, reiterated that the benefits continue to outweigh the side effects. The same conclusion had been reached by the UK MHRA who also stated that the benefits are still very favourable for the vast majority of people. That be

US Dollar Rises, Gold Extends Drop After Surging US Retail Sales

Stellar US Retail Sales Suggests Upside Risks to GDP USD and US Yields Extend Higher, Gold Drops Advertisement US Retail Sales Surge, US Dollar Extends Higher A sizeable beat on the latest retail sales data, which has also surpassed the high estimate. The retail control figure, which is important for GDP trackers, rose 6%, surpassing expectations of 0.8% and beating the high estimate of 4.3%. In turn, this will likely feedthrough into upward revisions for US GDP. The initial reaction has seen the USD extend gains across the board to hit fresh session highs with US yields also picking up, while gold remains on the backfoot as 1764 comes into focus. (Full analysis on gold here ).

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