Elliott Wave Intraday View in Silver (XAGUSD) Favoring the Upside

Key Highlights EUR/USD is consolidating losses above the 1.0600 support. A key bearish trend line is forming with resistance at 1.0670 on the 4-hour chart. GBP/USD extended losses and traded below 1.2420. Crude oil prices declined below the $82.50 support zone. EUR/USD Technical Analysis The Euro extended losses and traded below the 1.0650 support against […]

Markets Above-consensus April inflation figures in the UK triggered an obvious underperformance of gilts, resulting in yield gains between 7.2 (30-yr) and 14.2 bps (2-yr). A June rate cut by the BoE is just short of fully priced out. Steep gilt losses dragged core peers lower as well. German yields gapped higher at the open […]

The Japanese yen has sparkled in the second half of July but has lost steam this week. USD/JPY is trading at 154.88 in the European session, up 0.57% on the day at the time of writing. To hike or not to hike The Bank of Japan meets early Wednesday and the markets aren’t sure what […]