Elliott Wave Favors Bullish Bias in Silver (XAGUSD)

The week ahead will be packed with significant economic events, so the market behaviour could turn into quite a bumpy ride this week. On Wednesday morning, the Bank of Japan will announce its rate decision and the parameters of its balance sheet asset purchase programme. On average, the purchases are expected to be halved, but […]

The latest update on business sentiment pointed to resilience in activity and easing inflation pressures. Key results (seasonally adjusted) General business confidence: -10.2 (Previous: -49.0) Trading activity, past three months: 6.3 Previous: -16.8) Trading activity, next three months: 4.9 (Previous: -12.1) % of businesses reporting a rise in operating costs over the past 3 months: […]

USDCHF bounces from 4-month lows Oversold signals create hopes for a rebound An advance above 0.9100 is required USDCHF extended its three-week bearish wave, dipping as low as 0.8683 on Thursday before closing the day with mild gains above the 0.8700 round level. Although Friday’s session started with weak momentum ahead of the ISM business […]