Silver Price Forecast: XAG/USD on Bearish Path After Meltdown Ahead of US NFP
In this article, we conduct an in-depth analysis of silver’s outlook, incorporating insights from both fundamental and technical viewpoints ahead of key U.S. jobs data.
In this article, we conduct an in-depth analysis of silver’s outlook, incorporating insights from both fundamental and technical viewpoints ahead of key U.S. jobs data.
Q4 is now well and truly underway. I thought we could take a look at seasonality and historic performance of US equity markets in Q4 and what insights we might be able to learn from the past.
The initial decline follows comments made by South African Reserve Bank (SARB) Governor, Lesetja Kganyago.
This piece provides insights into how the Nasdaq 100, the U.S. dollar, Treasury yields, and gold prices could respond to Friday’s U.S. labor market data. The article also discusses important aspects that traders should be mindful of in the NFP report.
GBP Eyes a recovery ahead of US data tomorrow despite a poor showing on the PMI data front. The BoE survey provides some optimism though with price pressures expected to cool.
Both gold and silver look vulnerable to further losses but Friday’s US Job Report will decide the precious metal’s short-term fates
US demand for gasoline has dropped, resulting in stock builds. Early indications of fragility are showing in the US after yesterday’s PMI report revealed a drop in new orders
The Dow and Dax saw a rally off their lows yesterday, but so far have not been able to continue this move, but the Nasdaq 100 has held support for a second time in a week
AUD prices were bid on Thursday morning after US Treasury yields fell post-ADP and ISM services PMI data.
Developments on the technical charts indicate that the USD’s rally is beginning to show tentative signs of fatigue, pointing to a minor pause in the near term. What is the outlook for EUR/USD, GBP/USD, and USD/JPY?