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EUR/USD drops below 1.0550 after upbeat US data
EUR/USD lost its traction and turned negative on the day below 1.0550 in the American session. The ISM Services PMI data in the US improved to 56.5 in November from 54.4 in October, providing a boost to the US Dollar.
GBP/USD extends slide below 1.2200 on renewed US Dollar strength
GBP/USD extended its slide and fell below 1.2200 on Monday. The better-than-expected ISM Services PMI data from the US and the risk-averse market environment, as reflected by falling US stocks, weigh on the pair n the American session.
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Gold slumps below $1,780 as US yields push higher
Gold price continued to push lower in the second half of the day on Monday and broke below $1,780. Following the upbeat ISM Services PMI report from the US, the benchmark 10-year US Treasury bond yield is up more than 2%, forcing XAU/USD to stay under bearish pressure.
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.