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EUR/USD fluctuates near 1.0600 after US data
EUR/USD continues to move up and down in a narrow channel near 1.0600 in the second half of the day on Tuesday. Disappointing consumer confidence data from the US limit's 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.
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Editors’ Picks
Gold extends daily slide, drops below $1,910
Gold price came under renewed bearish pressure and dropped below $1,910 in the American session on Tuesday. The benchmark 10-year US Treasury bond yield recovered back above 4.5% following a downward correction, making it difficult for XAU/USD to gain traction.
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.