Silver

EURGBP awaits breakout The euro dipped as ECB policymakers reaffirmed the peak rate in the current tightening cycle. Sentiment has improved after a tentative break above July’s peak of 0.8700. The pair is now consolidating its gains over…
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EURJPY tests resistance The yen slumped after a Reuters poll showed a slowdown in core CPI in August. On the daily chart, the pair is consolidating after clearing the double top at 158.00. The directional bias would remain up as long as…
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It's well known that markets are driven by emotions, despite the best efforts of traders to be as rational as possible. The two main ones are fear and greed. Investors are afraid of losing money, and they are greedy about making money.…
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A recent survey conducted by Reuters showed economists and analysts predicting gold prices would average below the $2,000/oz mark this year and would be even lower next year. On the other hand, they predicted silver prices to average…
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USDJPY breaks lower The Japanese yen soared on rumours of a possible tweak to the Bank of Japan’s yield-curve control. Last week’s bounce came to a halt at the bearish MA cross (141.90), revealing a strong pressure after the buy side…
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