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EUR/USD holds near 1.0500 ahead of US PMI data
EUR/USD fluctuates in a narrow channel at around 1.0500 on Monday after EU PMI data came in better than expected. ECB President Lagarde reiterated that they will continue to cut rates if data confirm disinflation is on track. Market focus shifts to US PMI data.
Gold clings to mild gains above $2,650 as markets gear up for Fed
Gold opens the week on a moderately positive tone and trades above $2,650, favored by a mild US Dollar (USD) reversal amid lower US Treasury yields. The precious metal, however, is still close to recent lows following a 2.5% sell-off late last week.
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Editors’ Picks
Bitcoin rises to new all-time of $106,600, then corrects as markets focus on Fed
Bitcoin price retreats on Monday after reaching a new all-time high (ATH) of $106,648 in the early Asian session. The main factor impacting BTC price this week is likely to be the decision of the US Fed on interest rates on Wednesday.
Five fundamentals for the week: Fed dominates the last full and busy trading week of the year Premium
Christmas is coming – but there's a high likelihood of wild price action before the holiday season begins. Central banks take center stage, and there is enough data to keep traders busy outside these critical decisions.
Bitcoin breaks all-time high above $106,000, triggers nearly $120 million in liquidations
Bitcoin hit a record high above $106,000 on Monday, after recent developments on President-elect Donald Trump’s strategic Bitcoin reserve and demand from institutional traders.