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EUR/USD consolidates around 1.0760 ahead of US CPI Premium

EUR/USD consolidates around 1.0760 ahead of US CPI

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.  

EUR/USD News

GBP/USD steady around 1.2550 as attention turns to US inflation

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.

GBP/USD News

Gold extends daily slide toward $1,980 Premium

Gold extends daily slide toward $1,980

Gold price remains under heavy bearish pressure and trades at its lowest level in nearly three weeks at around $1,980. The benchmark 10-year US Treasury bond yield is up more than 1% on the day, weighing on XAU/USD ahead of this week's key macroeconomic events.

Gold News

Bitcoin price backtracks to $40,000 as whales move to sell $671 million worth of BTC

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. 

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S&P 500 Forecast: Index produces new 2023 high

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. 

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