XAG/USD wobbles around $65.40, easing hawkish Fed bets strengthen outlook

XAG/USD wobbles around .40, easing hawkish Fed bets strengthen outlook

Silver price (XAG/USD) trades in a tight range at around $65.40 during the Asian trading session on Thursday. The Silver price struggles for a direction; however, an expected slowdown in United States (US) inflationary pressures in July has improved its outlook. On Wednesday, the US Bureau of Labor Statistics reported that the headline Consumer Price […]

50-day SMA caps sideways trading

50-day SMA caps sideways trading

The GBP/JPY holds firm on Wednesday at around 215.00, as neither buyers nor sellers are reluctant to open fresh directional bets amid fears of renewed intervention in the FX markets by US and Japanese authorities to propel the Yen. At the time of writing, the cross-pair hovers below the 50-day Simple Moving Average (SMA), barely […]