Silver: Shakeout, but Not the End of the Mega-Rally Ahead

Before yesterday’s trading session, the last time 1 euro was 1.1 USD was in the first half of August. The growth of the rate was facilitated by the weakening of the dollar, which occurred against the background of the words of Christopher Waller, a member of the Fed Board of Governors, who is known for […]

EURUSD retraces lower after hitting 4-month high The bears eye converging 50- and 200-day SMAs Oscillators deteriorate but remain in positive zones EURUSD had been rising steadily following its bullish breakout from a downward sloping trendline in early July, posting a fresh four-month peak of 1.0947 last week. However, the pair has been experiencing a correction since […]

ECB Executive Board Member Isabel Schnabel acknowledged that the consensus that the path to disinflation is proving to be “quite bumpy,” especially as the process is in its “last mile”. The “biggest concern” is the persistent inflation within the services sector, which remains stubbornly high. Schnabel emphasized the importance of closely monitoring unit labor costs. […]