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New York City is dying thanks to COVID. It has really killed Broadway. When I would often go to a play, the vast majority were tourists from overseas. I would often listen to the different languages being spoken around me. New York City is clearly dying as a mass exodus has taken place of not just the rich, but even Wall Street is moving quietly to Florida. The rise in
taxation that is reducing the quality of life will only continue to send more people south, and the hallow remains will gradually decline into 2042. Even
permits for guns have soared in New York as the police are unable to restore order. The
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4/30/2021 9:55:43 PM GMT
Gold turns south as US T-bond yields gain traction.
Upbeat US data helps USD gather strength in the second half of the week.
Initial support for gold aligns at $1,760 ahead of $1,740.
The XAU/USD pair failed to break above $1,800 in the previous week and opened in a calm manner on Monday as investors stayed on the sidelines ahead of key macroeconomic events of the week. After fluctuating in a relatively tight range around $1,780, the pair lost its traction on Thursday and dropped to its lowest level in two weeks at $1,756. With the US preserving its strength ahead of the weekend, XAU/USD struggled to stage a convincing rebound and closed the week in the negative territory below $1,770.
Apr 29, 2021 19:36 GMTFXStreet News
EUR/USD touched a fresh two-month high on Thursday.
USD selloff pauses after upbeat GDP data from US.
Focus shifts to Q1 GDP figures from eurozone and Germany.
The EUR/USD pair posted strong gains on Wednesday and climbed to its highest level in two months at 1.2150 on Thursday before losing its momentum. As of writing, the pair was virtually unchanged on the day at 1.2120.
FOMC Chairman Jerome Powell’s dovish commentary despite the improved economic outlook weighed heavily on the greenback on Wednesday and the US Dollar Index (DXY) dropped below 90.50. However, the sharp upsurge witnessed in the US Treasury bond yields on the back of upbeat US data helped the DXY stage a rebound and forced EUR/USD to turn south.
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