This is what you need to know to trade today tuesday february 8: The yield on the 10-year US Treasury bond continues its march towards the key 2% mark in the early hours of Tuesday, helping the dollar preserve its strength against its main rivals. December Trade Balance data, NIFB Business Optimism Index and IBD/TIPP […]
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XAG/USD bulls look to take control, expect a move beyond $23.00
-637798387730746900.png "XAG/USD bulls look to take control, expect a move beyond .00")
Silver gained strong positive traction and spiked to the $23.00 level, or multi-day highs on Monday. The technical indicators on the daily chart warrant some caution before making aggressive bullish bets. A convincing break through the $23.40-$23.45 area is needed to support prospects for further gains. silver (XAU) built on Friday’s bounce from the post-NFP […]
Dollar Selling Loses Strength Ahead of EU Inflation and ADP Jobs Data
This is what you need to know to trade today Wednesday February 2: The US dollar continued to weaken against its rivals on Tuesday and the DXY index erased a large part of the previous week’s gains. Risk-positive sentiment in the market made it difficult for the dollar to find demand and the benchmark 10-year […]
WTI rallies to two-month highs above $ 82
The WTI recovered the 82 dollars, supported in part by the weakness of the dollar. Concerns about rising COVID cases in China, falling oil imports and reserve sales threaten the rebound. Ahead: US retail data and focus on what’s new from China. The price of a barrel of WTI (NYMEX futures) is approaching a two-month […]
Bullish bias remains intact despite pullback from two-month highs
WTI consolidates the highest daily gains in five weeks around the November highs. An 11-week trend line break keeps buyers on the table. WTI crude prices are down from a multi-day high, falling 0.25% daily to $ 80.70 in the European session on Wednesday. With this action, black gold takes its biggest daily jump since […]
XAG / USD stable around $ 22.38
Silver rises for the second day in a row, gaining 0.72%. Goldman Sachs and Deutsche Bank estimate four rate hikes in 2022, while JP Morgan brought its first hike up to March. The XAG / USD is biased to the downside as the 50 DMA crossed below the 100 DMA, prompting a $ 1.00 drop. […]
XAU / USD vulnerable near two-week lows awaiting NFP
Gold languished near a two-week low amid a good rally in equity markets. The weak USD price action extended some support to the metal. Investors seem reluctant to make aggressive bets ahead of the US NFP report. Gold was depressed for a third day in a row on Friday and was last seen hovering around […]
XAU / USD falls to test critical support at 100 DMA amid firmer returns
The price of gold continues to decline as the DXY rises with yields amid an aggressive Fed. Focus shifts to US ISM Services PMI and Friday’s NFP. A break below the 100 DMA will drive gold towards the $ 1,785 levels. The price of gold is losing another $ 20 in trading Thursday, due to […]
Yields rise on optimistic FOMC outlook, dollar gains strength again
This is what you need to know to trade today Thursday 6 January: The dollar suffered losses against its main rivals during the first half of Wednesday, but made a sharp U-turn in the US session yesterday with rising US Treasury yields. The DXY dollar index continues to rise at the beginning of the European […]
Oil production to be restored to 85% in 2022 – Alexander Novak
It is expected that Russia restore oil production to 85% in 2022 from the maximum level of cut in May / June 2020 as part of the agreement with the Organization of the Petroleum Exporting Countries and its allies (OPEC +), said the country’s Deputy Prime Minister Alexander Novak in an interview with the Russia-24 […]
