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EUR/USD hits fresh daily lows under 1.0500
EUR/USD continued to face downward pressure and matched last week's low at 1.0487. It is hovering around 1.0500, as the US Dollar remains strong, supported by higher Treasury yields. The 10-year Treasury yield reached 4.70%, a level not seen since 2007.
GBP/USD drops to six-month lows, eyes 1.2100
GBP/USD retreated further and dropped to 1.2107, hitting the lowest since mid-April. The pair remains under pressure amid higher US Treasury yields, following better-than-expected ISM September Manufacturing PMI data.
Gold approaches $1,800 as demand for the USD prevails Premium
Spot Gold fell to a fresh multi-month low of $1,827.11 a troy ounce on Monday amid resurgent US Dollar demand. The Greenback suffered a minor setback at the beginning of the week, as generally encouraging Chinese data and upbeat United States (US) news underpinned the mood.
Three altcoins that have kickstarted Q4 rally: LINK, RDNT, FLOKI
Crypto market volatility seems to be making a comeback with the start of 2023’s fourth quarter , and some altcoins are already making headway. Chainlink (LINK), Radiant Capital (RDNT) and Floki Inu (FLOKI) are some cryptos that are showing aggressive upside moves.
NIO contracts 2% as Tesla delivery decline weighs on EV sector
Nio (NIO) stock dropped 2.3% on Monday morning despite meeting its quarterly delivery target for the third quarter. Tesla's (TSLA) Q3 production and delivery decline is the culprit.