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Editors’ Picks
EUR/USD clings to modest gains above 1.0550 ahead of US data
EUR/USD managed to regain its traction and turned positive on the day above 1.0550. The data from the Eurozone showed that Sentix Investor Confidence improved to -21 in December from -30.9 in November. Investors await ISM Services PMI data from the US.
GBP/USD stays below 1.2300 as US Dollar holds steady
GBP/USD has lost its bullish momentum and gone into a consolidation phase at around 1.2300. Ahead of the ISM Services PMI data from the US, the cautious market mood helps the US Dollar limit its losses and doesn't allow the pair to turn north.
USD/JPY sticks to modest gains above 135.00, lacks bullish conviction ahead of US data
The USD/JPY pair attracts some buyers near the 134.15-134.10 area on Monday and snaps a five-day losing streak to its lowest level since August 16. Spot prices, however, retreat a few pips from the daily top and slide back closer to the 135.00 psychological mark heading into the North American session.
Editors’ Picks
EUR/USD clings to modest gains above 1.0550 ahead of US data
EUR/USD managed to regain its traction and turned positive on the day above 1.0550. The data from the Eurozone showed that Sentix Investor Confidence improved to -21 in December from -30.9 in November. Investors await ISM Services PMI data from the US.
GBP/USD stays below 1.2300 as US Dollar holds steady
GBP/USD has lost its bullish momentum and gone into a consolidation phase at around 1.2300. Ahead of the ISM Services PMI data from the US, the cautious market mood helps the US Dollar limit its losses and doesn't allow the pair to turn north.
Gold loses traction, trades below $1,800
Gold price has reversed its direction and declined below $1,800 after having touched a fresh multi-month high of $1,810 during the Asian trading hours. The 10-year US T-bond yield clings to modest gains above 3.5% ahead of US data, weighing on XAU/USD.
Ethereum price pops as this week could be the most profitable one of the year
Ethereum (ETH) is booking over 1% of gains this morning, which as such is not that uncommon. What is rather important is that Ethereum price is moving away from the bottom of 2022.
TSLA sinks after automaker cuts Shanghai production
Tesla (TSLA) stock gave up 4.7% in Monday's premarket after Bloomberg reported that its Shanghai factory would trim record production by 20% due to sluggish Chinese demand.
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