EUR/USD came under renewed bearish pressure and declined toward 1.0500 in the second half of the day on Monday. After the data from the US showed that the ISM Manufacturing PMI came in better than expected in September, the US Dollar extended its rally and weighed on the pair.
GBP/USD turned south and retreated to a fresh daily low below 1.2150 in the American session. The US Dollar continued to gather strength against its rivals after the better-than-expected ISM September Manufacturing PMI data and forced the pair to stay on the back foot.
Gold price turned south and dropped to its weakest level since early March below $1,830. The benchmark 10-year US Treasury bond yield gained traction on upbeat US PMI data and was last seen rising nearly 2% on the day above 4.6%, causing XAU/USD to stretch lower.
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 (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.