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Silver Price Analysis: XAG/USD seems vulnerable near 200-DMA/61.8% Fibo. confluence

Silver Price Analysis: XAG/USD seems vulnerable near 200-DMA/61.8% Fibo. confluence

Silver edged lower on Thursday and was last seen hovering near the $28.80-85 confluence zone. The technical set-up favours bearish traders and supports prospects for further depreciating move. Silver struggled to maximize the previous day’s goodish bounce…

Market News
Gold Futures: Room for a near-term rebound

Gold Futures: Room for a near-term rebound

Open interest in gold futures markets shrank for the second session during a row on Monday, this point by around 8.2K contracts considering preliminary figures from CME Group. On the opposite hand, volume extended the erratic performance and rose by around…

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EUR/GBP: Scope to plummet towards the April low at 0.8471 – Commerzbank

EUR/GBP: Scope to plummet towards the April low at 0.8471 – Commerzbank

EUR/GBP is slipping back to the 0.8560 May low below which lies 0.8471, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Offered below 0.8732 “EUR/GBP is sliding back towards the May low at 0.8560…

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GBP/USD: Outlook points to further upside – MUFG

GBP/USD: Outlook points to further upside – MUFG

Analysts at MUFG Bank, still see a trade idea of going long within the GBP/USD pair at 1.4175 with a target at 1.4585 and a stop loss at 1.3950. They see a positive outlook for…

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USD/INR set to start rising this month – Mizuho

USD/INR set to start rising this month – Mizuho

The USD/INR pair fell in May. In June, USD/INR is forecast to rise after falling slightly at the start , economists at Mizuho Bank reports. Market participants anticipated investment fund inflow from abroad “Many states…

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GBP/USD seen between 1.4100 and 1.4205 – UOB

GBP/USD seen between 1.4100 and 1.4205 – UOB

Cable is now expected to consolidate within the 1.4100-1.4205 home in subsequent weeks, noted FX Strategists at UOB Group. 24-hour view: “GBP dipped to 1.4122 yesterday before rebounding quickly and subsequently, traded sideways. Momentum indicators are neutral and…

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USD/CAD trades with modest gains, eyeing to reclaim 1.2100 mark

USD/CAD trades with modest gains, eyeing to reclaim 1.2100 mark

A combination of things allowed USD/CAD to realize some positive traction on Tuesday. Concerns about rising inflationary pressure, a softer risk tone benefitted the greenback. Sliding petroleum prices undermined the loonie and provided a modest lift to the main . The USD/CAD pair…

Market News
USD/CAD steadies below 1.2100 following NFP-inspired drop

USD/CAD steadies below 1.2100 following NFP-inspired drop

USD/CAD fell sharply within the early American session. Nonfarm Payrolls in US rose but forecast in May. Employment in Canada declined by 68,000, percentage rose to eight .2%. The USD/CAD pair rose to its highest level during a week at 1.2134 on Friday but turned…