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Silver Price Analysis: XAG/USD points to the upside above the $25.14 mark – Commerzbank

Silver Price Analysis: XAG/USD points to the upside above the $25.14 mark – Commerzbank

Silver (XAG/USD) is consolidating at the 200-day moving average and holding over the 55-week ma at $25.14. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, maintains a long-term bullish bias above the mentioned…

Market News
GBP/USD still seen between 1.3820 and 1.4020 – UOB

GBP/USD still seen between 1.3820 and 1.4020 – UOB

]In the opinion of FX Strategists at UOB Group, Cable remains expected to navigate within the 1.3820-1.4020 range for subsequent weeks. Key Quotes 24-hour view: “We highlighted yesterday GBP could ‘edge up to the 1.3980’ but we were…

Market News
Silver Price Analysis: XAG/USD defends multi-month support near $25.80

Silver Price Analysis: XAG/USD defends multi-month support near $25.80

Silver consolidates near the $25.80 after a free fall from the $28.00 level. XAG/USD is holding above 200-day SMA indicating emergence of support here. Oversold momentum oscillators warn against aggressive directional bids. Silver Price (XAG/USD)…

Market News
Palladium Price Analysis: XPD/USD bulls attack $2,600 on the bumpy road to recovery

Palladium Price Analysis: XPD/USD bulls attack $2,600 on the bumpy road to recovery

Palladium gradually overcomes three-month low, up for second positive day. 50% Fibonacci retracement, 100-DMA guards immediate upside, multiple horizontal lines test the bulls afterward. Late March low, 61.8% Fibonacci retracement restrict short-term downside. Palladium (XPD/USD)…

Market News
US Dollar Index looks to extend the rally above 92.00

US Dollar Index looks to extend the rally above 92.00

DXY alternates gains with losses around 92.30. US 10-year yields stay depressed near the 1.40% region. The Chicago Fed index, Fedspeak next on tap within the docket. The greenback starts the week in an inconclusive…

Market News
Forex Today: Bond demand downs the dollar, Fed speeches, inflation data, and coronavirus news eyed

Forex Today: Bond demand downs the dollar, Fed speeches, inflation data, and coronavirus news eyed

Here is what you want to recognize on Wednesday, January 13: The US greenback is on the lower back foot after a bond public sale drew excessive demand, as a result pushing yields lower. Markets…