US stock markets bounce but FX and bonds less convinced ...Middle East

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Some of that could be month-end flows or short-covering after a dive in Mag7 stocks. Nvidia is now up 2% after trading 2% lower in the pre-market.

In FX, the loonie is making something of a comeback but in general the dollar is strengthening at the momement, which is the opposite of what you would expect in a 'risk on' rally. Cable tried the upside but has been pulled right back into the daily range.

On asset that is playing along is bitcoin, which has bounced nicely to $84K after falling below $80K briefly in Asia.

This article was written by Adam Button at www.forexlive.com.

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