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EUR/USD clings to modest gains above 1.0550 ahead of US data

EUR/USD clings to modest gains above 1.0550 ahead of US data

EUR/USD managed to regain its traction and turned positive on the day above 1.0550. The data from the Eurozone showed that Sentix Investor Confidence improved to -21 in December from -30.9 in November. Investors await ISM Services PMI data from the US.

EUR/USD News

GBP/USD stays below 1.2300 as US Dollar holds steady

GBP/USD stays below 1.2300 as US Dollar holds steady

GBP/USD has lost its bullish momentum and gone into a consolidation phase at around 1.2300. Ahead of the ISM Services PMI data from the US, the cautious market mood helps the US Dollar limit its losses and doesn't allow the pair to turn north.

GBPUSD News

Gold loses traction, trades below $1,800

Gold loses traction, trades below $1,800

Gold price has reversed its direction and declined below $1,800 after having touched a fresh multi-month high of $1,810 during the Asian trading hours. The 10-year US T-bond yield clings to modest gains above 3.5% ahead of US data, weighing on XAU/USD.

Gold News

Ethereum price pops as this week could be the most profitable one of the year

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.

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TSLA sinks after automaker cuts Shanghai production

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.

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