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China NBS Non-Manufacturing PMI down to 49.5 in November from previous 50.1
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EUR/USD is keeping its range at around 1.1800 in the European trading hours on Thursday. The pair awaits the European Central Bank interest rate decision for fresh impetus after the Eurozone inflation declined well below the central bank's 2% target.
GBP/USD adds to Wednesday’s pullback and recedes to the area of two-week troughs well south of the 1.3600 level on Thursday. The firmer tone in the Greenback and the dovish hold from the BoE keep the British Pound on the defensive for now.
Gold partially reverses its recent two-day rebound, facing fresh downside impulse and always below the key $5,000 mark per troy ounce. The stronger US Dollar continues to weigh on the precious metal, while declining US Treasury yields are expected to limit the decline somehow.
Bitcoin (BTC) price dips below $70,000 on Thursday, having corrected nearly 20% for this year. Market momentum turned extremely bearish, with technical indicators pointing to further downside toward the next key support at $65,000.
Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.
Bitcoin (BTC) price dips below $70,000 on Thursday, having corrected nearly 20% for this year. Market momentum turned extremely bearish, with technical indicators pointing to further downside toward the next key support at $65,000.
