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EUR/USD bounces back, trades above 1.0860

EUR/USD bounces back, trades above 1.0860

EUR/USD bounced from a fresh weekly low of 1.0827, as the US Dollar lost steam following a weak ISM Manufacturing PMI report and words from Federal Reserve Chair Jerome Powell. Powell reiterated its hawkish message, dismissing potential rate cuts in the near future. 

EUR/USD News

GBP/USD turns north ahead of the weekly close, approaches 1.2700

GBP/USD turns north ahead of the weekly close, approaches 1.2700

GBP/USD extended its rebound from near 1.2600 and is approaching 1.2700 on the back of a weaker US Dollar. The Greenback accelerated to the downside following comments from Fed’s Powell. 

GBP/USD News

Gold resumes advance and approaches record highs

Gold resumes advance and approaches record highs

Gold remains near record highs and achieved its highest monthly close ever in November. Global bond yields continue to decline as inflation further cools, supporting the upside in XAU/USD. With central banks expected to remain on hold, the focus will be US labor market data. 

Gold News

Solana likely to extend gains as DeFi airdrop season could boost user base

Solana likely to extend gains as DeFi airdrop season could boost user base

Solana ecosystem will see airdrops from projects like Jupiter, Marginfi, Drift, Zeta and Jito. Solana users are projected to increase between 30% and 80% from native token launches, according to Messari’s latest report.  SOL price extends rally, yielding nearly 4% daily gains. 

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Tesla Stock News: Cybertruck excitement fails to sustain TSLA price as chart signals more downside

Tesla Stock News: Cybertruck excitement fails to sustain TSLA price as chart signals more downside

TSLA stock sinks three days in a row despite Cybertruck unveiling. Analysts conclude that Cybertruck will find it difficult to turn a profit. TSLA stock is the midst of forming a bearish Three Black Crows pattern on the daily chart.

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