XAG/USD slips to $31.13, with downside risks growing Silver fails to hold above $33.00, triggering consolidation and selling pressure. Price tests 100-day SMA at $31.20; next key support at 50-day SMA of $30.89. Break below $30.89 could expose 200-day SMA at $30.47 and January low of $29.70. Silver ended the week on a lower note, … Read more
Stocks advanced on Friday morning on in-line PCE inflation data. Trump-Zelenskyy peace meeting goes awry after VP calls Ukrainian President “disrespectful”. Surveys show that investors are unusually bearish at the end of February. Dow Jones index trades below the 100-day moving average. The last day of February was unusually volatile as traders sought to … Read more
The Aussie extends its losing streak by about 0.54%, slipping near 0.6200 and approaching multi-week lows. A six-day decline sees the pair break below the 20-day Simple Moving Average, reinforcing short-term seller strength. Traders assess fresh tariff escalations, with President Trump threatening an extra 10% levy on Chinese imports. PCE data from the US from … Read more
Gold drops over 1% Friday as USD strengthens, hitting 10-day high at 107.66. XAU/USD falls to $2,845 as Fed rate-cut bets rise Trump confirms 25% tariffs on Mexico and Canada, fueling market uncertainty. Fed expected to cut rates by 70 bps in 2025 with first cut projected for June. Gold extended its losses on Friday, … Read more
EUR/JPY surges to near 157.00 as soft Tokyo CPI data sends the Yen on the backfoot. Moderate Tokyo CPI growth is expected to weigh on BoJ hawkish bets. Steady German HICP growth is unlikely to restrict the ECB from easing monetary policy further. The EUR/JPY pair rallies to near 157.00 in the North American session … Read more
US President Trump reiterated overnight Mexico and Canada tariffs will go into effect on March 4. US PCE data for January was no surprise for markets. Bullion is not considered a safe haven should a tit-for-tat war take place, although US yields are dropping off further. Gold’s price (XAU/USD) is getting knocked out and is … Read more