Bullish and poised to close above $81

Bullish and poised to close above

Silver (XAG/USD) price surges over 4% on Friday, reclaiming $81.00 a troy ounce as the Greenback gets battered on positive news around the Middle East conflict. The reopening of the Strait of Hormuz and a second round of talks between the US and Iran pushed precious metals higher, and the white metal is no exception. […]

Dow Jones surges as Iran reopens Strait of Hormuz

Dow Jones surges as Iran reopens Strait of Hormuz

US equities ripped higher on Friday as a ceasefire between Israel and Lebanon, paired with Iran’s announcement that the Strait of Hormuz would reopen to commercial traffic, triggered a broad risk-on rally. The Dow Jones Industrial Average (DJIA) added more than 1K points to finish just below 49,800, the S&P 500 gained 1.5% to push […]

China shock shows tentative turn – Deutsche Bank

China shock shows tentative turn – Deutsche Bank

Deutsche Bank’s Robin Winkler argues that German manufacturing faces an ongoing “China shock” as Germany’s trade deficit with China has reached a record size and now exceeds its surplus with the US. He notes that Germany’s relative price competitiveness versus China has recently stopped deteriorating, helped by Euro depreciation and rising Chinese producer prices, suggesting […]