Category: Analysis

Silver: ⬆️ Buy Silver reversed from support level 31.70 Likely to rise to resistance level 33.50 Silver recently reversed from the pivotal support level 31.70 (which stopped the previous minor wave a at the end of April, as can be seen from the daily Silver chart below). The support level 31.70 was further strengthened by…

Key Highlights Gold found support near $3,120 and started a fresh increase. It cleared a key bearish trend line with resistance at $3,220 on the 4-hour chart. EUR/USD is moving higher above the 1.1250 resistance zone. WTI Crude Oil prices recovered and climbed above the $63.00 level. Gold Price Technical Analysis Gold prices remained supported…

S&P 500 saw its six-day winning streak end amidst rising US yields and concerns over Trump’s tax cut proposals and US debt. The “Magnificent 7” stocks are currently underperforming but could potentially drive a larger S&P 500 recovery in the second half of 2025. Technical analysis indicates bullish momentum for the S&P 500, although a…

Currently trading at around ~33.0865 per troy ounce, silver trades higher in today’s session on a weaker dollar and renewed safe-haven demand. XAG/USD: Key Takeaways With the dollar continuing to weaken, XAG/USD trades ~2.25% higher today, trading above $33 for the first time since May 6th. The recent downgrade of the United States’ credit rating…

The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD is trading at 1.3920, down 0.21% on the day. Canadian CPI eases to 1.7%, core CPI higher Canada released the April inflation report, which indicated that headline and core inflation were moving in opposite directions. Headline CPI dropped sharply to…

AUDUSD fell on Tuesday after the Reserve Bank of Australia cut interest rate by 25 basis points, in a widely expected decision. Fresh weakness has fully reversed Monday advance and heading into the lower part of the recent 0.6350/0.6500 congestion, as the pair holds within a broader range in extended consolidation under new 2025 high…

Tariff wars have increased the legitimacy of stimulus measures in Europe and Asia. Since the start of the year, the ECB and Bank of England have been aggressively cutting rates against the Fed’s continued rate hikes. The People’s Bank of China made a small, 0.1 percentage point cut on Tuesday morning. Earlier this year, Germany…

The Australian dollar has posted sharp losses on Tuesday, following the Reserve Bank’s decision to lower interest rates. Early in the North American session, AUD/USD is trading at 0.6395, down 0.95% on the day. RBA lowers rates to 3.85% The Reserve Bank of Australia has lowered its cash rate from 4.15% to 3.85%. The decision…

Markets All eyes were on Japan. A flopped 20-yr bond auction pushed long-term Japanese bond yields through the roof and immediately raised the stakes for next week’s 40-yr sale. Japan’s fiscal position is a very weak one with its prime minister yesterday calling it even worse than Greece’s. Its huge debt pile is already around…

Headline CPI inflation for April came in at 1.7% year-on-year (y/y), down from 2.3% y/y in March but above expectations for a 1.6% y/y print. The deceleration was due to gasoline prices tumbling 18.1% y/y as the consumer carbon price was removed. Also notable was the bounce-back in travel tour prices, which rose 6.7% y/y…