XAG/USD surges above $30.00 amid high US yields, strong USD

Silver climbs 0.80% to $30.35, outstripping concerns over U.S. inflation, Fed scrutiny. Technical hurdle at 50-day SMA of $30.42; breach could push silver to $30.80. Downside risks if silver drops below $30.00, key support at 200-day SMA, lows near $28.78. Silver Price rises for the seven straight day putting aside the jump in US Treasury bond yields and the…

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Goldman Sachs expects Fed to cut by 50 basis points this year versus 75 bps previously

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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US Dollar adds gains after NFPs figures

December’s NFP report showed better results than expected. The Federal Reserve’s easing timeline faces fresh scrutiny after Unemployment Rate falls. Higher Treasury yields and lingering inflationary pressures reinforce the Greenback’s appeal across most major currency pairs. The Dollar Index (DXY), which measures the value of the USD against a basket of currencies, rallies on renewed inflation concerns as the…

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USDCAD extends to new highs and toward upper ceiling area.

The USDCAD fell initially after the US and Canadian jobs reports both of came out stronger than expected. However, after the focus returned to the effect on the US dollar, that helped to reverse the USDCAD pair back to the upside. The price is now extending to a new high and in doing so is extending above a swing…

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Australian Dollar plunges to fresh multi-year low after upbeat US NFP data

AUD tumbles 0.73% to 0.6155 on Friday. Hotter-than-expected NFP bolsters USD demand. Fed’s hawkish tilt and trade tensions between the US and China weigh on Aussie. The Australian Dollar remains under intense selling pressure following stronger-than-anticipated US Nonfarm Payrolls (NFP) data, hovering near multi-year lows around 0.6150. The Federal Reserve’s (Fed) hawkish shift keeps US Treasury yields elevated, further…

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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 09.01.2025

2025.01.09 2025.01.09 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.01.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: A triangular correction continues. Expect growth in subwave of B. Consider long positions from the current level with Take…

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USDCHF up for the 4th day in a row

The USDCHF is up for the 4th day in row. For a review of what that mean technically, click on the video below for all the risks, targets and “whys”. This article was written by Greg Michalowski at www.forexlive.com.

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Gold soars unfazed by strong US jobs data ahead of CPI

Gold rebounds 0.69% despite significant US job additions, challenging Fed’s rate cut path. Gold recovers from post-labor report drop as investors weigh Fed’s cautious disinflation stance. Upcoming US inflation and retail sales data set to influence gold’s trajectory, Fed policy. Gold price rebounded off daily lows on Friday, extending its rally for the fourth consecutive day as traders shrugged…

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