Dale J Pinkert
Independent Analyst
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EUR/USD surpasses 1.1000 as DXY accelerates slide
EUR/USD rose above 1.10000, reaching the highest intraday level since August 10. The pair is supported by broad-based US Dollar weakness and renewed hopes the Fed is done with rate hikes. The DXY dropped below 103.00 to the lowest in three months.
GBP/USD runs past 1.2700 as US Dollar collapses
GBP/USD rose further during the American session and trades above the 1.2700 mark. A weaker US Dollar continues to support the upside in the pair, as well as central banks' imbalances, with hawkish comments from the BoE and a softer message from Fed's officers.
Gold heading towards 2020 record high
Gold prices extended gains on Tuesday, with XAU/USD trading as high as $2,038.45 after Wall Street's opening, currently holding nearby. The US Dollar has remained under selling pressure since the day started.
Dogecoin price might recover losses if volume picks up
Dogecoin has noted a massive rise in wallet addresses with a non-zero balance. This increase is typical of rising demand among market participants for DOGE. On-chain metrics paint a bullish outlook for Dogecoin.
Mullen Stock Forecast: MULN falls more than 8% on Tuesday
Mullen Automotive (MULN), a popular electric vehicle (EV) penny stock, descended more than 8% on Tuesday. Shares of the California-based company have trended 39% lower over the past month as the market awaits a shareholder vote on another reverse split scheduled for December 15.