This is what you need to know to trade today friday february 18: The market mood appears to have improved early on Friday with Russia announcing a troop withdrawal ahead of US President Joe Biden’s meeting with leaders from Canada, France, Germany, Italy, Poland, Romania, Britain, the EU and NATO. Despite the positive change in […]
Tag: Raw Materials
XAG/USD bears flirting with the 200 hourly SMA just above $23.00
-637805301410728575.png "XAG/USD bears flirting with the 200 hourly SMA just above .00")
The pound witnessed a dramatic turnaround from a three-week high hit on Tuesday. The slightly oversold RSI on the 1 hour chart could prevent bearish traders from placing further bets. Sustained strength above the $23.55 area is needed for the uptrend to resume. The silver XAU it extended its sharp intraday pullback from near $24.00, […]
Dollar weakens modestly, investors remain focused on geopolitics
This is what you need to know to trade today Tuesday February 15: Markets remain relatively calm early on Tuesday after Monday’s flight to safety as investors remain focused on geopolitics. The dollar is struggling to preserve its strength against its main rivals and US futures are trading flat in the European morning. Eurostat is […]
Members noted that inflation had picked up faster than the bank expected
The Reserve Bank of Australia (RBA) has released the minutes of its latest meeting and has stated that interest rates will not rise until the target is met. The RBA is prepared to be patientbut notes that inflation had picked up faster than expected. ”Austalia’s central bank is closer to meeting its economic targets than […]
WTI Surpasses $95.00 As Ukraine President Zelensky Reveals February 16 Will Be Russian Invasion Day
Rising tensions from a war between Ukraine and Russia are keeping oil prices rising, nearly 2% on the day. Satellite images show Russian troops leaving assembly points, according to CBS News. WTI Technical Outlook: Bullish bias as geopolitical tensions keep oil bulls targeting $100. The benchmark US crude oil index, Western Texas Intermediate (WTI), It […]
Focus on central bank speeches and Russia-Ukraine news
This is what you need to know to trade today monday february 14: Safe-haven money flows dominated financial markets ahead of the weekend amid renewed fears of a military conflict between Russia and Ukraine. Investors remain cautious early Monday. The economic calendar will not feature any high-impact data releases and risk perception is likely to […]
XAU/USD challenges strong resistance at $1,834 ahead of US CPI.
Gold underpins July 2021 swing highs around $1,834 as market braces for US inflation. US Treasuries fell led by 10-year yields down to 1,923%. XAU/USD Technical Outlook: Neutral, unless it breaks above $1,834, which would change the bias to neutral-bullish. Gold (XAU/USD) rises in the American session riding on a catalyst, coupled with falling US […]
XAG/USD consolidates near 2-week high around the 100 DMA/$23.25 zone
-637799994239409405.png "XAG/USD consolidates near 2-week high around the 100 DMA/.25 zone")
Silver now appears to have entered a bullish consolidation phase near a two-week high. The bulls could wait for a sustained move beyond the $23.45 zone before placing further bets. The weakness below $23.00 could attract some buying and remain capped. XAG Silver was seen trading in a range around the $23.15-$23.30 region during the […]
Markets calm down, focus on US 10-year bond auction.
This is what you need to know to trade today Wednesday February 9: Major currency pairs continue to trade in relatively tight ranges mid-week amid a lack of high-level data releases and fundamental drivers. The US dollar index is trading sideways near 95.50 after posting small gains on Tuesday and investors await the 10-year US […]
XAG/USD corrects from 1-week highs and pulls back to $22.75 area
-637799054183623743.png "XAG/USD corrects from 1-week highs and pulls back to .75 area")
Silver saw some selling on Tuesday and gave back a portion of the previous day’s strong gains. A convincing break below the $22.40 support zone would pave the way for further losses. The bulls could wait for sustained strength above $23.00 before opening new positions. Silver is having a hard time finding acceptance above the […]
