United States ISM Services PMI came in at 49.6, below expectations (55) in December

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GBP/USD advances above 1.2000 after weak US PMI data

GBP/USD advances above 1.2000 after weak US PMI data

GBP/USD has extended its daily rally and advanced beyond 1.2000 on Friday. The US Dollar stays under heavy selling pressure after the data published by the ISM showed an unexpected contraction in the service sector’s business activity in December.


Gold gathers bullish momentum, rises above $1,860

Gold gathers bullish momentum, rises above $1,860

Gold price gathered bullish momentum and rose above $1,860 in the American session. After the ISM Services PMI came in much worse than expected, the benchmark 10-year US Treasury bond yield is down more than 3% on the day below 3.6%, providing a boost to XAU/USD.

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