Cocker
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Silver Price Analysis: XAG/USD test key resistance levels amid uptrends
Silver dips to $26.54, down 0.43%; 'dragonfly doji' hints at possible uptrend. Finds support at 61.8% Fibonacci level ($26.41); crossing $27.00 could boost bullish momentum. Downside risk if below May 2 low of $26.02, aiming for 50-day MA at $25.79. Silver price uptrend continued during the week des
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EUR/JPY Price Analysis: Remains under selling pressure below 164.50, oversold RSI condition eyed
EUR/JPY attracts some sellers to 164.40 in Friday’s early European session. The cross is below the key EMA with an oversold RSI condition. The first downside target is located at 163.67; the immediate resistance level is seen in the 165.90–166.00 zone. The EUR/JPY cross loses momentum around 164.40
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Taiwan Bourse Due For Support On Friday
The Taiwan stock market has moved lower in back-to-back sessions, stumbling almost 275 points or 1.4 percent along the way. The Taiwan Stock Exchange now sits just above the 20,220-point plateau although it may stop the bleeding on Friday. The global forecast for the Asian markets is upbeat on an im
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Canadian Dollar softens stance on quiet Monday
Canadian Dollar eases against broader market. Canada absent from economic calendar on Monday. Canadian GDP slated for Tuesday ahead of key US labor figures. The Canadian Dollar (CAD) is broadly softer on Monday, slipping back against most of its major currency peers and holding flat against the US D
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Exness Global
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The prospect for protracted interest rate support also propelled the Aussie Dollar
Markets Disappointing April US PMI’s triggered some short covering in US Treasuries. The composite PMI declined from 52.1 to 50.9 (vs 52 consensus) with both manufacturing (49.9 from 51.9) and services (50.9 from 51.7) contributing. Details showed inflows for new business falling for the first time
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Tensions in Middle-East (Israel vs Iran), strong US inflation, interest rate cuts delay expected, UK
Previous week’s events (week 15 - 19.04.2024) Announcements On April 13, Iran launched a large salvo of missiles and drones at Israel. Designated “Operation True Promise,” the attack reportedly included around 170 drones, 120 surface-to-surface ballistic missiles, and 30 cruise missiles. A few days
Pull-up Update