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EUR/USD consolidates around 1.0760 ahead of US CPI Premium
EUR/USD is consolidating near 1.0750 and the DXY holds above 104.00. The cautious market mood helps the US Dollar remain steady as investors gear up for crucial macroeconomic data releases and central bank meetings. The US Consumer Price Index is due on Tuesday.
GBP/USD steady around 1.2550 as attention turns to US inflation
GBP/USD rebounded after finding support at the 1.2540 area and climbed toward 1.2570, on a quiet session. October labor market data from the UK and November inflation data from the US will be released on Tuesday ahead of the Fed's and the BoE's policy meetings.
Gold extends backslide, markets gear up for Fed rate call
Spot Gold saw further declines on Monday, slipping back below the $2,000 handle to ease into the $1,980 neighborhood as markets get set for a fresh round of US Consumer Price Index inflation figures on Tuesday.
Bitcoin price backtracks to $40,000 as whales move to sell $671 million worth of BTC
Bitcoin price crashed on Monday for the first time in nearly three weeks. The market was expecting a bullish continuation until the Securities & Exchange Commission (SEC) approves a spot BTC ETF in January 2024.
S&P 500 Forecast: Index produces new 2023 high
The S&P 500 index launched itself just barely to a new high for the year on Monday. In its second hour of trading, the index reached 4,620, which was just above the earlier annual high of 4,607 from July 27.