Silver (XAGUSD) Remains Sideways

Markets This week’s opening session can be easily classified. Risk sentiment improved somewhat after last week’s beating with key European and US stock markets gaining slightly under/over 1%. That doesn’t cover ground lost though with technical pictures still sending correction vibes. The trade weighted dollar (DXY) last Friday tested the first support in around 100.50/60 […]

Markets Markets took a slow start to the new trading week. An empty eco calendar facilitated the status quo. Cleveland Fed Mester said that inflation risks moved up in Q1 while the economy was a little bit stronger than anticipated. Given that she wasn’t on the median path (3 rate cuts) in March, she might […]

AUDUSD extends pullback from four month high (0.6690) into second straight day, additionally pressured from decision of Australian Central Bank to keep interest rates unchanged. Although the RBA’s statement kept hawkish bias, traders were disappointed and continued to sell Aussie dollar. Fresh weakness broke below 200DMA (0.6578), to further soften near-term structure for attack at […]