Silver Price Outlook: XAG/USD Drops Below $30.50 as US Fed Rate Cut Expectations Fade and US Dollar Strengthens
Silver prices fell to around $30.20 in European trading on Monday morning. The strong dollar and rising US yields are causing some selling pressure on the white metal. Safe haven…
US Dollar Index Trades Near Two-Year High, Holding Above 109.00 Ahead of NFP Data
With the US Federal Reserve adopting a hawkish stance, the US dollar index consolidated its recent gains and rose to a nearly two-year high. Geopolitical risks and concerns about the…
US Dollar Rises as US Economic Data Shows Robust Growth
The US Dollar Climbs to Around 108.40 Higher yields were supported by the Fed’s hawkish move in December. The market is pricing in strong JOLTS and ISM data. The U.S.…
EUR/CAD Price Outlook: Stays Under Nine-Day EMA, Hovering Near 1.4900
EUR/CAD is likely to rise as the daily analysis shows a slight divergence. On the 14th, the RSI remained near the 50 level, indicating moderate strength. The pair tested the…
Japanese Yen Remains Weak Amid Uncertainty Over BoJ Rate Hikes
The yen was also weakened by the Bank of Japan’s surprise rate hike. au Jibun Bank Japan services PMI revised to 50.9 from 51.4 in December. The dollar traded near…
WTI Approaches $73.00 Amid Speculation of Policy Support for Economic Growth
WTI prices continue to rise on expectations that governments around the world will increase stimulus levels to support economic growth. China’s National Development and Reform Commission has outlined plans to…
US Dollar Pullback Boosts Australian Dollar, Awaiting Jobless Claims Report
The Australian dollar was supported after China’s Caixin Manufacturing Purchasing Managers’ Index was released on Thursday. China’s manufacturing output continued to rise in December, expanding for the 14th consecutive month.…
XAU/USD Remains Strong Above $2,600 as Year Ends
XAU/USD remains above $2,600/oz but upside is still limited. Another argument regarding market risk is that the year-end recession caused gold prices to rise. Markets around the world will be…
USD/CHF Declines Below 0.9050 in Quiet Market Conditions
USD/CHF fell to around 0.9030 in early European trading on Tuesday. The possibility that the Fed will lower interest rates next year could support the dollar. Rising geopolitical tensions in…
Gold Recovers Recent Losses, But Hawkish Fed Outlook Keeps Upside in Check
Gold prices rose ahead of the Trump administration due to risk aversion. The precious metal could be in trouble amid expectations that the Federal Reserve will impose a small cut…
