Gradual grind lower toward 0.6975 – UOB

Gradual grind lower toward 0.6975 – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a negative stance on AUD/USD after the pair closed below 0.7000, though downside momentum is still described as modest. Intraday, they look for further slippage but doubts a clean break of 0.6975. Over 1–3 weeks, price action is seen grinding toward 0.6975, with […]

Euro hesitates near lows against the British Pound with the ECB in focus

Euro hesitates near lows against the British Pound with the ECB in focus

The Euro (EUR) is going through a nervous consolidation against the  British Pound (GBP) on Thursday, with price action hovering around 0.8625, a few pips above two-week lows at 0.8620. The pair remains on the defensive, awaiting the outcome of the European Central Bank’s (ECB) monetary policy decision, while escalating tensions in the Middle East […]

Why is silver rising despite higher inflation and rate hike odds?

Why is silver rising despite higher inflation and rate hike odds?

Silver price (XAG/USD) gains ground after two days of losses, trading around $64.00 per troy ounce during the Asian hours. The white metal rebounds from an 11-week low of $61.50 reached in earlier hours on Thursday, driven by a unique intersection of its dual nature as both a monetary safe-haven and a critical industrial commodity. […]