Silver Price Analysis – Silver Stalls at $60 Resistance and Death Cross Loom
Silver drops early on Tuesday as we continue to see noise in the metals markets.
Market narrative
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Silver drops early on Tuesday as we continue to see noise in the metals markets.
Forex
The US dollar continues to flex its muscles early on Tuesday.
Gold – Potential for the further drop [Video]
New Zealand Dollar struggles as firm US Dollar keeps NZD/USD pinned
British Pound drops against US Dollar, Fed-BoE policy in focus
EUR/USD Price Forecast: Under pressure with YTD lows at 1.1324 coming closer
$4,000: Gold's key support faces a crucial Fed test
The Australian dollar is trading on the back foot after a sharp selloff in Asian technology stocks dented risk appetite and dragged regional currencies lower.
Gold fell to 4,047 USD per ounce on Tuesday, erasing gains from the previous session. Pressure on the metal is mounting amid fears that the Federal Reserve may raise rates as early as this week.
Gold declines, focus on Fed and falling Oil prices
Silver price today: Silver falls, according to FXStreet data
Silver weakens as easing geopolitical tensions weigh on safe-haven demand
USD/CHF eyes key 0.8400 resistance
TL;DR: RBA Governor Michele Bullock has reframed Wednesday's Q2 CPI report — the question isn't whether core inflation is elevated, but whether it's hot enough above 3.8% to justify an August RBA hike, with AUD/USD stalled at resistance ahead of the release.
USD/CAD Price Forecast: Lower oil prices ensure further weakness for Canadian Dollar
Goldman Sachs sees scope for AUD/NZD to retreat over the medium term as stronger New Zealand inflation revives RBNZ rate-hike expectations, despite near-term support from higher energy prices. Analysts at Goldman Sachs expect the Australian Dollar to New Zealand Dollar exchange rate (AUD/NZD) to correct lower over the medium term, although.
The Fed meeting, GDP, PCE inflation and payrolls could drive major forex moves this week. Explore the latest outlook for DXY, EUR/USD and GBP/USD.
Gold: Supported by lower oil prices and yields – ING
Pound-Canadian Dollar could extend gains if oil prices retreat further, although the Bank of England remains the key driver. The Pound to Canadian Dollar (GBP/CAD) exchange rate edged higher on Monday as hopes of a pause in the US-Iran conflict triggered a sharp fall in oil prices and weakened the commodity-linked Canadian Dollar.
GBP/USD Price Forecast: Trades vulnerably near 1.3300 ahead of Fed-BoE policy