Range phase caps recent advance against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD held near 1.1650 after a brief dip, with intraday action lacking strong downside momentum. They judge the earlier bullish phase has faded after a break of strong support at 1.1640, shifting to a range between 1.1600 and 1.1685 in the coming days. […]

XAG/USD slips below $69.00 ahead of Fed Chair speech

Silver price (XAG/USD) depreciates after registering modest gains in the previous day, trading around $68.80 per troy ounce during the Asian hours on Friday. Silver price drops as investors adopt a cautious stance ahead of Federal Reserve (Fed) Chair Kevin Warsh’s upcoming speech at the annual Jackson Hole symposium, where markets hope to gain clarity […]

Why is WTI depreciating despite rising eastern European tensions?

West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $82.70 per barrel during the Asian hours on Friday. Crude oil prices may regain their footing as intensifying conflicts in Eastern Europe pull market attention away from the Middle East. Recent statements from Russian President Vladimir Putin indicate that negotiations with […]