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EUR/USD extends decline toward 1.0500 amid surging US yields
EUR/USD came under renewed bearish pressure and declined to the 1.0500 area in the second half of the day on Monday. Following a quiet start to the week, the 10-year US Treasury bond yield gained traction and climbed to multi-year high of 4.7%, providing a boost to the US Dollar.
GBP/USD closes in on 1.2200 as USD rally continues
GBP/USD turned south and retreated to a fresh daily low below 1.2150 in the American session. The US Dollar continues to outperform its rivals after the better-than-expected ISM September Manufacturing PMI data and rising bond yields, forcing the pair to stay on the back foot.
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.
Week ahead: Fed speech and NFP likely to dictate crypto market moves this week
With the start of 2023’s fourth quarter, things are finally getting interesting in crypto. While the next 12 weeks are extremely important, let’s start by focusing on what to expect this week.
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.