Turkey Budget Balance increased to -174.7B in April from previous -261.5B

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Editors’ Picks
EUR/USD stays bid near 1.1200 ahead of Eurozone data
EUR/USD remains firm at near 1.1200 in Thursday’s Eurpean morning. Renewed US Dollar weakness on trade-related uncertainties and nervousness ahead of US PPI and Retail Sales data underpins the pair. Markets also look the EU data and Fed Chair Powell’s speech.
GBP/USD defends gains below 1.3300 after UK data dump
GBP/USD is defending minor bids below 1.3300 in European trading on Thursday as the Pound Sterling remains little impressed by the UK GDP and Business Investment beat. However, the pair continues to draw support from a weaker US Dollar ahead of key US data and Powell’s speech.
Gold price selling bias remains unabated amid trade optimism, reduced Fed rate cut bets
Gold price extends its steady intraday descent through the Asian session on Thursday and drops to the $3,135 area, or a fresh low since April 10 in the last hour. Easing US-China trade tensions continues to drive flows away from the safe-haven precious metal, which is further pressured by reduced bets for fewer interest rate cuts by the Federal Reserve (Fed).
US-China trade truce only emphasizes timeless investing truths
Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity. But it wasn’t the fine print that moved markets—it was the mood shift. Investors rushed back into risk assets, betting that the worst might be behind us.



