This is what you need to know to trade today Wednesday July 20: Dollar selling seems to have taken a breather on Wednesday, with the DXY dollar index moving sideways above 106.50 after losing more than 1% so far this week. 10-year US Treasury bond yield fluctuates above 3% and US stock index futures trade […]
Tag: Commodities
Gold confined to a familiar range, just above $1,700
The gold price struggled to gain significant traction and remained confined to a range. Dollar profit-taking continued to lend some support to the commodity. More aggressive central banks and risk momentum acted as a headwind and capped gains. the price of gold attracted some buying near the $1,705 region on Tuesday, though it seemed to […]
Forex Today: The dollar struggles to find demand, the focus turns to housing data
This is what you need to know to trade today tuesday july 19: After Monday’s poor performance, the dollar continues to weaken against its main rivals on tuesdaywith the DXY dollar index moving lower towards 107.00 at the start of the European session. Eurostat will publish its final revision of June inflation data. Later, market […]
Gold trims intraday gains and struggles to break above $1,725-$26 resistance zone
The gold price gained some positive traction on Monday amid continued dollar profit-taking. Diminishing odds of a more aggressive Fed rate hike weighing on the dollar and extending support. The boost in risk appetite and the rally in US bond yields act as a headwind, capping the pair. the price of gold It starts the […]
Silver Price Analysis: XAG/USD bulls look to break through strong resistance at $19.00
The price of silver rises for the second consecutive day and moves away from the low of two years. The situation favors the bears and supports the possibility of further selling. Sustained strength above the $19.50 area is needed to negate the short-term negative bias. Silver gains some positive traction for the second day in […]
Forex Today: Dollar remains defensive as sentiment improves
This is what you need to know to trade today monday july 18: The markets are still risk positive at the beginning of the week and the dollar has a hard time finding demand. The DXY dollar index, which lost 0.6% on Friday, remains lower at the start of the European session, with US stock […]
Forex Today: Investors Reassess Fed Rate Outlook, Focus on Key US Data
This is what you need to know to trade today friday july 15: The dollar’s rally, fueled by Wednesday’s inflation data, extended on Thursday with the DXY dollar index hitting its highest level in nearly two decades at 109.29. Nevertheless, dovish comments from the Fed made the dollar lose interest ahead of key US retail […]
Silver Price Analysis: XAG/USD holding near two-year low, looks vulnerable below $19.00
Silver fails again near the $19.50 area and moves lower on Thursday. The formation of a rectangle could be classified as a bearish consolidation phase. The oversold of the RSI on the daily chart warrants caution before opening new bearish positions. Silver has struggled to build on the previous day’s positive move from near a […]
Forex Today: Fed Rate Hike Expectations Drive Dollar
This is what you need to know to trade today Thursday July 14: Following Wednesday’s volatility, the DXY dollar index gained bullish momentum early on Thursday and has started to climb towards multi-decade highs above 108.50. Safe Haven Money Flows and Dovish Fed Expectations Fuel Dollar Recovery in the second half of the week, while […]
Gold falls to $1,700, lowest since September after US CPI.
The price of gold fell for the third consecutive day and fell to a new low so far this year. The rise in the CPI in the US reaffirmed the Fed’s expectations and exerted pressure. The sharp rise in US bond yields and the rise in the dollar contributed to the selling bias. the price […]
