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GBP/USD retreats below 1.2750 in choppy session
GBP/USD lost its traction and declined below 1.2750 after rising toward 1.2800 in the early European session on Friday. The market action remains subdued on the last trading day of the year as volumes thin out ahead of the long weekend.
Gold declines toward $2,060 as US yields edge higher
After rising toward $2,080, Gold reversed its direction and turned negative on the day near $2,060, pressured by the rebound seen in the US Treasury bond yields. Investors brace for the end-of-the-year flows and refrain from placing large bets on XAU/USD.
Why Bonk Inu price could rally 55% here
Bonk Inu price has been moving down only since it was listed on major exchanges in mid-December. As a result of this sell-only mentality from investors, it has caused the dog-themed crypto BONK to be oversold. But things could change quickly for the meme coin as buy signals emerge.
Beware of the perma bears in 2024
While one might expect Treasury yields and bonds to rally and the dollar to weaken in response to negative growth surprises, the reality differed on Thursday. The lacklustre auction of seven-year Treasury notes overrode the rates market impulse, suggesting that the market may be showing signs of bond market buying fatigue.
