In this video we look at very long term charts to see where the next stop for USD/JPY could be if the rally continues.
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AUD/USD extends gains above 0.6650 on softer US PCE data
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The AUD/USD pair trades on a stronger note near 0.6675 during the early Asian session on Monday. The growing speculation that the US Federal Reserve would cut interest rates in 2024 weighs on the Greenback across the board.
EUR/USD: US employment data and FOMC Minutes under the spotlight
![EUR/USD: US employment data and FOMC Minutes under the spotlight](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/photo-of-the-american-and-euro-banknotes-57153806_XtraSmall.jpg)
The EUR/USD pair traded lifeless for most of the last week around 1.0700, barely reacting on Friday following the release of the United States Personal Consumption Expenditures Price Index.
Gold struggles to find direction heading into key week
![Gold struggles to find direction heading into key week](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/stacked-gold-bars-13094022_XtraSmall.jpg)
Gold managed to hold above $2,300 despite broad US Dollar strength. The technical outlook highlights XAU/USD’s indecisiveness in the near term. Fed Chairman Powell’s speech and key macroeconomic data releases from the US could help Gold find direction this week.
Layer 1 tokens that are likely dead coins, fail to recover this cycle: XTZ, IOTA, KLAY, ALGO, EOS
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The cryptocurrency market is cyclical in nature and several Layer 1 tokens have noted a decline in their prices, as new narratives like Artificial Intelligence (AI) and meme coins dominate in 2024.
French election: The far-right wins, but there’s a big test to come
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The initial reaction to the first round of voting in the French Parliamentary election that took place on Sunday has been a small sigh of relief. EUR/USD has opened higher, and is up some 20 pips. Although Marine Le Pen’s National Rally party won the largest vote share, it was still short of an overall majority.