-637858741046182415.png "XAG/USD bulls have the upper hand, rally above .00 expected")
Silver regained positive traction on Monday and rose to a fresh multi-week high. Acceptance above the 61.8% Fibonacci level supports prospects for a further appreciation move. Sustained weakness below $25.00 is needed to nullify the positive outlook. the silver attracted fresh buying on Monday and built on its recent bounce from near the very important […]
Tag: Commodities
Turns south after rejection at $108.00
WTI price is correcting from nearly three-week highs at $107.96. A stronger US dollar is testing the upside in black gold. A test of the 21 DMA support at $103.58 seems inevitable. WTI (NYMEX futures) is extending the correction from the three-week high of $107.96 reached in the early hours of the Asian session on […]
Trading Conditions Remain Weak on Easter Monday, Dollar Remains Firm
This is what you need to know to trade today Monday April 18: Trading conditions remain weak on Easter Monday, but the dollar remains strong against its rivals. The US Dollar Index, which posted its highest weekly close since March 2020, continues to rise towards 111.00 on the back of rising US Treasury yields in […]
The dollar is on track for the highest weekly close in two years
This is what you need to know to trade today friday april 15: After Wednesday’s decline, the US dollar index DXY rose sharply on Thursday and hit its highest level since March 2020 at 100.76 driven by rising US Treasury yields and safe haven money flows. With the markets calm easter friday, the DXY index […]
Euro Rebounds as Focus Shifts to ECB Monetary Policy Announcement
This is what you need to know to trade today Thursday April 14: The US dollar weakened against its main rivals on Wednesday amid improving market sentiment and falling US Treasury yields. After snapping a nine-day winning streak, the US dollar index DXY dollar continues to move lower early on Thursday. The common currency holds […]
XAG/USD extends rally to five days, bulls eye $26.00 level
On Tuesday, the white metal rose nearly 2% in a mixed market environment. Geopolitics, mixed US inflation data and the Covid-19 outbreak in China are driving silver. Silver Price Forecast (XAG/USD): Bullish bias but about to reach overbought levels. Silver (XAG/USD) extended its rally in the North American session, trading above the April 11 cycle […]
XAG/USD flirts with ascending channel resistance near $24.70
-637850024084807211.png "XAG/USD flirts with ascending channel resistance near .70")
Silver builds on its steady rise for the third day in a row on Friday. Resistance from a two week old downtrend line could limit the upside. Sustained weakness below $24.00 would set the stage for further losses. The price of silver (XAG/USD) advances for the third day in a row on Friday and rises […]
Dollar Extends Higher on Fed Aggressive Stance and Cautious Mood
This is what you need to know to trade today friday april 8: The dollar continued to gain strength against its main rivals and the US dollar index came within striking distance of 100.00 in the early hours of Friday, playing its highest level since May 2020. In addition to the hawkish FOMC minutes, comments […]
XAG/USD rises towards $24.50, the 200 hourly SMA could cap the upside
-637849307139926002.png "XAG/USD rises towards .50, the 200 hourly SMA could cap the upside")
Silver gained some traction on Thursday and is now looking to take advantage of the overnight rally. Repeated failures near $25.00 and the 200-hour SMA resistance favor bearish traders. A sustained break below the $24.00 round figure will set the stage for additional short-term losses. the silver attracted some buying on dips near $24.25 on […]
Dollar pulls back after Fed-inspired rally, spotlight on central bank speeches
This is what you need to know to trade today Thursday April 7: The dollar rally continued late on Wednesday and the US dollar index DXYwhich measures the performance of the dollar against a basket of six major currencies, reached its highest level in almost two years at 99.77. Ahead of the initial jobless claims […]
