Bulls need 1.3560 to unlock 1.3600

Bulls need 1.3560 to unlock 1.3600

The Pound Sterling (GBP) edges higher by some 0.29% against the US Dollar (USD) on Friday, yet it remains trading sideways, unable to decisively crack 1.3500 after reaching a three-week peak of 1.3509, and has retreated to the 1.3490 area. GBP/USD Price Forecast: Technical outlook The technical picture shows that GBP/USD is consolidating, yet it […]

EUR/JPY recovers from session low but remains down on Friday

EUR/JPY recovers from session low but remains down on Friday

EUR/JPY trades on the back foot on Friday, easing away even as the Euro (EUR) posts solid gains against the US Dollar (USD). The Japanese currency surged suddenly near the start of the American session after a surprisingly weak United States (US) employment report. But the cross recovered much of those losses fairly quickly. Japan […]

XAG/USD clears 50-day SMA, eyes $65

XAG/USD clears 50-day SMA, eyes

Silver price surges nearly 3% as it clears the 50-day Simple Moving Average (SMA) at $62.13, and reclaims the $63.00 figure as it struggles to surpass key resistance seen at $63.28, the July 6 high. XAG/USD Price Forecast: Technical outlook Silver trades sideways, but bulls are gaining traction, as indicated by the Relative Strength Index […]