XAG/USD seems vulnerable to slide further, break below mid-$22.00s awaited

[ad_1] Share: Silver remains under some selling for the second straight day and drops closer to the weekly trough. The technical setup favours bearish traders and supports prospects for additional near-term losses. A sustained strength beyond the $23.60-$23.70 supply zone is needed to negate the negative bias. Silver (XAG/USD) drifts lower for the

Euro Jumps on Treasury Yield Slide and a Technical Break. Higher EUR/USD?

[ad_1] Euro, EUR/USD, US Dollar, Treasury Yields, Trend Break – Talking Points Euro appears to be re-asserting itself against the US Dollar Treasury yields have pulled back from recent peaks with a changing mood If the macro picture remains supportive, will technicals boost EUR/USD? Recommended by Daniel McCarthy Get Your Free EUR Forecast The Euro

NZD/USD sets new low for 2023 at 0.5815 as Kiwi continues to slide

[ad_1] Share: The NZD/USD hit a new low for the year as the Kiwi loses ground against the US Dollar. Markets twisted following a dovish showing from Fed Chair Powell, but the Kiwi extends downside momentum. New Zealand Trade Balance figures failed to inspire meaningful momentum. The NZD/USD slipped into a fresh low

Rouble recovers slightly after slide past 100 vs dollar By Reuters

[ad_1] © Reuters. A view shows a Russian one rouble coin in front of a screen displaying the Spasskaya tower of the Moscow Kremlin in this illustration picture taken August 22, 2023. REUTERS/Maxim Shemetov/Illustration/File photo (Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade

GBP/USD continuing to slide, testing waters below 1.2250

[ad_1] Share: The GBP/USD tumbled on a dovish BoE on Thursday. Mixed PMIs for the US saw the USD take a step back, but Pound Sterling traders couldn’t capitalize. UK Retail Sales missed the mark, keeping the GBP in a bearish stance. The GBP/USD is looking for further downside to end the trading week,

GBP/USD continuing to slide, testing waters below 1.2250

[ad_1] Share: The GBP/USD is looking for further downside to end the trading week, probing chart space below 1.2250 heading into the final hours of Friday’s trading session. Read More… The Pound Sterling (GBP) finds offers while attempting to extend recovery as investors see no change in the current policy divergence between the

WTI and Brent Slide as Overall Sentiment Flounders

[ad_1] OIL PRICE FORECAST: Oil Mixed Today Following an Improved European and US session as Sentiment briefly improved. US Rig Count for Week Ended August 18 Drops to 520 from a Previous 525. Technicals Flashing Mixed Signals with Overall Improvement in Sentiment needed for a Sustained Push Higher. To Learn More About Price Action, Chart