Sam Seiden
Independent Analyst
Summary
During this session, Sam will share some strategy logic and rules for trading using price and price alone. The key is quantifying the markets real supply and demand equation and focusing on price levels where supply and demand is out of balance. This allows you to predict market turns and market moves in advance with a very high degree of accuracy. Sam Seiden developed the Patented Supply and Demand strategy more than 20 years ago during his time on the floor of the Chicago Mercantile Exchange. He started his career focused on the FX market and began on the financial institution side of the business which helped him understand how markets really work and how money is really made and lost in markets. Join Sam as he shares his strategy rules which help you trade the FX market like a bank. This session will focus on an interactive lesson and live strategy application.Latest Live Videos
Editors’ Picks
EUR/USD trims losses, back to 1.1830
EUR/USD manages to regain some composure, leaving behind part of the earlier losses and reclaim the 1.1830 region on Tuesday. In the meantime, the US Dollar’s upside impulse loses some momentum while investors remain cautious ahead of upcoming US data releases, including the FOMC Minutes.
GBP/USD bounces off lows, retargets 1.3550
After bottoming out just below the 1.3500 yardstick, GBP/USD now gathers some fresh bids and advances to the 1.3530-1.3540 band in the latter part of Tuesday’s session. Cable’s recovery comes as the Greenback surrenders part of its advance, although it keeps the bullish bias well in place for the day.
Gold remains offered below $5,000
Gold stays on the defensive on Tuesday, receding to the sub-$5,000 region per troy ounce on the back of the persistent move higher in the Greenback. The precious metal’s decline is also underpinned by the modest uptick in US Treasury yields across the spectrum.
Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand
The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.
UK jobs market weakens, bolstering rate cut hopes
In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.
Here is what you need to know on Tuesday, February 17:
Safe-haven flows dominate the action in financial markets early Tuesday as trading conditions normalize following the US holiday. The economic calendar will feature ZEW sentiment figures from Germany, the weekly ADP Employment Change 4-week Average data from the US and January inflation report from Canada.