Sam Seiden
Independent Analyst
Summary
During this session, Sam will go through his process to identify the most likely turning points and market moves in the Forex markets.Latest Live Videos
Editors’ Picks
EUR/USD pressures lows in the 1.0560 area after US data
EUR/USD turned south and tested fresh multi-month lows in the 1.0560 price zone in the second half of the day on Tuesday. Disappointing consumer confidence data from the US limits the US Dollar's gains, but the risk-averse market environment doesn't allow the pair to rebound.
GBP/USD struggles to gain traction, stays in red below 1.2200
GBP/USD stays in negative territory below 1.2200 on Tuesday as the US Dollar continues to find demand following a bearish opening in Wall Street. Meanwhile, the data from the US revealed that consumer confidence weakened further in September.
Gold challenges $1,900 after piercing September’s low Premium
Spot Gold accelerated its slide on Tuesday, with XAU/USD plummeting to $1,900.83, its lowest in almost two weeks. The US Dollar surged on the back of a worsening market mood at the beginning of the week, as investors got spooked by central banks’ pledges to keep rates higher for longer and dismal United States (US) data.
Shiba Inu inspired meme coin BONE notes first rise following the 55% crash in two months
Bone ShibaSwap, also known as BONE, is one of the few meme coins that had a positive run on Monday. The meme coin is slowly emerging into an entity of its own, provided it can attract enough users to fuel its long overdue recovery.
MULN enters first short-term uptrend in two months
Mullen Automotive (MULN), the micro-cap electric vehicle manufacturer out of Brea, California, has witnessed its stock enter a bullish uptrend for the first time since July 20.