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EUR/USD extends gains above 1.0800 amid risk appetite
EUR/USD has regained traction above 1.0800 in European trading on Monday. The pair is finding fresh demand amid a modest pullback in the US Dollar and persisting risk flows. However, elevated US Treasury yields and dovish ECB bets cap the pair's upswing.
GBP/USD recovers above 1.2950 as USD loses ground on better mood
GBP/USD is recovering above 1.2950 in the European session on Monday. A pick up in risk sentiment and a minor US Dollar retreat is helping the pair stage a bounce but traders remain wary amid looming Middle East geopolitical risks and the BoE easing expectations.
Gold price remains on the defensive below $2,748-2,750 hurdle amid positive risk tone
Gold price struggles to capitalize on its intraday bounce and remains below the $2,748-2,750 supply zone through the early part of the European session on Monday. Safe-haven demand stemming from Middle East tensions and US election jitters continues to act as a tailwind for the precious metal.
Cardano Price Forecast: On-chain metrics and technical outlook signal bearish trend
Cardano is trading slightly down around $0.33 on Monday, struggling against resistance from its previously broken ascending trendline. Declining daily trading volume reinforces a bearish outlook, indicating reduced trader interest and liquidity in the ADA chain.
US elections: The race to the White House tightens
Trump closes in on Harris’s lead in the polls. Neck and neck race spurs market jitters. Outcome still hinges on battleground states.
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