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Silver’s future prospects turn brighter after reaching a two-year peak A retreat fueled by profit-taking is a risk in the short term Silver advanced to a two-year high of 26.54 on Wednesday, finally breaking the wide consolidation phase that started in May 2023. The spotlight is currently on the 2022 high of 26.93, however, Tuesday’s close above the […]

The post Silver Exits Long-Term Range appeared first on Action Forex.

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19/06/2024

UK Inflation Back at 2% But Services Inflation Remains a Concern, GBP/USD Rises

UK Inflation Rate: UK Inflation Rate YoY reaches 2% yet services inflation poses a challenge. UK Core Inflation Rate YoY 3.5% down from a previous print of 3.9%. GBP/USD rises as 1.2750 resistance area beckons. The Bank of England (BoE) will likely have mixed feelings this morning following the release of the May inflation report. […]
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DAX Bullish Impulse Looks Incomplete

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Market Analysis: GBP/USD Recovers While EUR/GBP Eyes Gains

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