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  • Fed's Kashkari: - I am opposed to rate hikes at least through 2023 - The labor market is still in a deep hole; it will take some time to get people reattached to the work force
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  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.06% Silver: -0.11% Gold: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/jXEy4TGAZL
  • GBP/USD IG Client Sentiment: Our data shows traders are now at their most net-long GBP/USD since Apr 12 when GBP/USD traded near 1.37. A contrarian view of crowd sentiment points to GBP/USD weakness. https://www.dailyfx.com/sentiment https://t.co/oqggIco9Rb
  • USD/CAD breaks out of its multi-week trading range. Client sentiment data shows traders cutting back their long positions. Get your $USDCAD market update from @nickcawley1 here:https://t.co/0jaBKT1c1p https://t.co/tcRug98zDc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 84.90%, while traders in France 40 are at opposite extremes with 70.47%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/VjYBuNfKGv
DailyFX European Market Wrap: US Military Strikes in Syria, US NFPs Shake Markets

DailyFX European Market Wrap: US Military Strikes in Syria, US NFPs Shake Markets

Katie Pilbeam, Nick Cawley,

European markets end the first week of the second quarter mixed with a lot of data to digest. There were gains in London though as gold rose with safe haven seekers heading towards bullion following the US air strike against Syria. Randgold's shares rose to nearly 4%. And with this in mind, we saw oil continue its upwards direction.

All eyes were on the US and Chinese Presidents as they met in Florida to talk trade with Trump changing his tune towards Xi Jinping, calling him "outstanding".

It was a great week for Rupert Murdoch, his company Twenty-First Century Fox was given the thumbs up by the European Commission acquire Sky for £11.7bn, saying there was no competition concerns in Europe.

DailyFX Analyst Nick Cawley talks about the French elections, euro, sterling and the German economy.

--- Written by Katie Pilbeam, DailyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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