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Forex
Silver Price Forecast: XAG/USD consolidates below $30.00
Silver holds above 50 and 100-DMAs, showing buyer strength, but momentum is diminishing.
For uptrend continuation, a break above the August 26 peak of…
Gold prices climb amid weaker US Dollar and lower US yields
Gold rises in risk-on setting, shrugging off robust US data as the US Dollar hits a 12-month low.
Powell’s dovish remarks keep US Treasury yields stable,…
Dow Jones Industrial Average treads water on quiet Tuesday
The Dow Jones index softened on Tuesday after reaching fresh record highs this week.
Mixed housing figures gave markets little to chew on as traders await…
Canadian Dollar gives lopsided Tuesday performance amid Canadian data drought
The Canadian Dollar eased back on Tuesday, but the US Dollar fell faster.
Canada remains data-light until Friday’s GDP print.
Markets are hunkering down…
Forex Today: Lack of enthusiasm points to some consolidation
There was no joy for the Greenback on Tuesday, as sellers regained control amidst a generalized absence of fervour among market participants prior to the…
EUR/GBP Price Analysis: Sellers push further, eyeing further declines below 0.8450
EUR/GBP maintains its downtrend, targetting support at 0.8450.
RSI and MACD indicators suggest increasing bearish momentum.
Buyers must defend the…
Aluminium price: Last week’s outperformer – Commerzbank
The Aluminium price recorded the strongest increase among the LME metals last week, rising by 7.5% compared to the previous week. It was not only the hope of…
Silver Price Forecast: XAG/USD struggles near $30 amid uncertainty over size of Fed interest rate cuts
Silver price faces pressures in extending its upside above $30.00 as US bond yields surge.
The Fed seems prepared to cut interest rates in September.…
EUR/USD turns sideways with Eurozone, US inflation data under spotlight
EUR/USD steadies below 1.1200 with investors focusing on the inflation data from both the Eurozone and the US.
The ECB is expected to deliver two more…
US Dollar flat with Housing Price data coming in soft
The US Dollar trades sideways against its most major peers on Tuesday.
Markets are going back into risk-on, picking up the drive from past Friday, as…