Sam Seiden
Independent Analyst
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Summary
Sam Seiden presents a interesting webinar about how trade the markets. Learn the best options with the experienced expert Sam Seiden.
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Editors’ Picks
EUR/USD trims intraday gains, holds on to higher ground
The EUR/USD pair topped at 1.2177 before retreating, as the greenback remains the weakest currency across the FX board. A scarce macroeconomic calendar kept major pairs within limited intraday ranges.
GBP/USD soars to 1.41 after UK elections, US Nonfarm Payrolls
GBP/USD has hit a new three-month high just above 1.41 after the SNP failed to win a majority in Scotland and as the UK is set to extend its reopening. The dollar is still suffering from Friday's weak jobs report.
XAU/USD 4-hour support is a hurdle for the bears
The price of gold is trading at $1,836.81 at the time of writing and is up on the day by some 0.30%. The bulls, however, are backing off on what could be profit-taking as the US dollar stabilises within a narrow range on Monday vs a basket of major currencies. DXY is flat and has stuck to a 90.0420/3390 window.
ETH soars above $4,000, as BTC and XRP struggle
Bitcoin price beginning to hint at a complex topping process. Ethereum price shakes off rising wedge pattern to test new Fibonacci extension level.
UK GDP Preview: Contraction to trigger correction? Sterling set for a reality check
The UK is projected to report a 1.7% contraction in the first quarter. Optimism about a vaccine-led recovery from the second quarter onward is baked into the price. A reminder of past weakness may trigger a much-needed correction after the big breakout.