Capped below $75, as momentum remains bearish

Capped below , as momentum remains bearish

Silver price trims some of its Monday losses, recovering some ground up 0.69% in the day, trading at $73.22 after bouncing off a daily low of $72.42. An improvement in risk appetite is underpinning the precious metals segment. Still, the white metal remains capped by the 20-day Simple Moving Average (SMA) at $75.94, a crucial […]

Range trade persists with hawkish ECB – Scotiabank

Range trade persists with hawkish ECB – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Euro (EUR) is flat versus the US Dollar (USD), with EUR/USD stuck in a range as markets weigh conflict-related inflation risks and a hawkish European Central Bank (ECB) stance. Rate expectations imply nearly one 25 bp hike by June and over 75 bps by December. […]

AUD/USD subdued on cautious RBA hike, safe-haven Dollar bid

AUD/USD subdued on cautious RBA hike, safe-haven Dollar bid

AUD/USD trades around 0.7170 on Tuesday, remaining slightly on the back foot for a second consecutive day despite the monetary policy decision from the Reserve Bank of Australia (RBA). The central bank raised its key rate by 25 basis points to 4.35%, a move widely expected by markets but one that failed to provide lasting […]