Sam Seiden
Online Trading Academy
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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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EUR/USD hits two-month lows amid USD strength
EUR/USD has pared its gains that followed upbeat preliminary PMIs for Germany came out above expectations, pointing to a recovery. The USD is advancing amid fears of the coronavirus.
USD/JPY drops to two-week lows near 109.30
The USD/JPY pair reversed its direction during the American trading hours as the risk-off atmosphere allowed the JPY to find demand as a safe-haven.
GBP/USD drops below 1.31 amid USD strength, fails to sustain PMI gains
GBP/USD is trading below 1.31 after hitting a fresh high of 1.3172. The UK Manufacturing PMI beat with 49.8 and Services PMI with 52.9. The USD is gaining ground across the board.
Gold rebounds above $1560
The XAU/USD pair dropped to a daily low of $1556.70 during the European trading hours as the easing worries over coronavirus becoming a global epidemic and a broad-based USD strength put the pair under bearish pressure.
WTI plummets to 2-month lows in sub-$55.00 levels
Prices of the West Texas Intermediate remain well entrenched into the negative ground at the end of the week, navigating fresh 2020 lows in the $54.70 region.