NZD/USD has pulled back a bit from session highs near the 0.6800 level and is back in the 0.6750 region. Risk appetite worsened during US trade with markets concerned about the global economic impact of the Russo-Ukrainian war. The NZD/USD it has pulled back a bit from session highs near but modestly below the 0.6800 […]
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AUD/USD pulls back below 0.7250 as risk appetite weakens
AUD/USD fell back below 0.7250 in recent trading as risk appetite deteriorates, after failing to test 0.7300. But the Australian dollar continues to perform well against most G10 peers given its exposure to rising commodity prices. The AUD/USD managed to test last week’s highs at 0.7280 in earlier trades but failed to challenge the 0.7300 […]
XAU/USD breaks higher towards $1,920, focus on Ukraine
Gold starts March with slight losses after the biggest monthly jump since May. Markets expect a key trigger in the Ukraine-Russia standoff after peace talks ended inconclusive. Yields favor the USD, but Biden, Powell’s testimony and the US NFP will be crucial catalysts. The price of gold (XAU/USD) is rising above $1,900 once again, having […]
XAU/USD is losing $80 as it pulls back from 15-month highs to $1,890
For the week, XAU/USD is down 0.30% so far, breaking three consecutive weeks of gains. Risk appetite in the market and high yields on US Treasuries weighed on the non-yielding metal. XAU/USD Technical Outlook: Bias to the downside as a bearish pattern is looming on the harami candlestick chart. Gold (XAU/USD) will end the week […]
XAG/USD bears challenge trend line support near $24.00
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Silver fell for the second day in a row on Friday and fell to $24.00. A sustained break below an uptrend line will set the stage for further losses. The bullish oscillators on the daily chart warrant caution for aggressive bear traders. XAG silver struggled to capitalize on its intraday rally, instead finding a fresh […]
Flight to safe haven intensifies as Russia unleashes attack on Ukraine
This is what you need to know to trade today Thursday February 24: Russia has launched an attack against Ukraine during today’s Asian session and has triggered an intense flight to the safe haven in the financial markets. Traditional safe-haven assets, such as gold, JPY and CHF continue to gain strength early Thursday and the […]
XAG/USD consolidates below the downtrend line/200 DMA
-637812141489030856.png "XAG/USD consolidates below the downtrend line/200 DMA")
Silver continued its struggle to break a confluence barrier near the $24.30-$24.35 zone. The technical set-up favors bullish traders and supports the prospects for additional short-term gains. A convincing break below an upsloping channel is needed to nullify the constructive outlook. XAG silver flickered between tepid gains and minor losses throughout the mid-European session and […]
Markets calm as focus remains on geopolitics
This is what you need to know to trade today Wednesday February 23: The positive impact of moderating fears over a military conflict between Russia and Ukraine on risk sentiment faded in the second half on Tuesday as the US introduced sanctions against Russia. Wall Street’s major indices closed the day in negative territory and […]
XAG/USD corrects from multi-week highs, drops to $23.75-$70 zone
-637810443605253528.png "XAG/USD corrects from multi-week highs, drops to .75- zone")
Silver witnessed an intraday reversal from the four-week high reached on Friday last week. The setup favors bullish traders and supports the prospects for some buying on dips. Sustained strength beyond $24.00 is needed to confirm the positive short-term outlook. XAG silver continued its struggle to find acceptance above $24.00 and witnessed an intraday reversal […]
Dollar remains strong as risk flows return
This is what you need to know to trade today friday february 18: The Market sentiment appears to have improved early on Friday, with Russia announcing a troop withdrawal ahead of US President Joe Biden’s meeting with the leaders of Canada, France, Germany, Italy, Poland, Romania, Great Britain, the EU and NATO. Despite the positive […]
