Bears target $55 as RSI nears oversold

Silver (XAG/USD) price is poised to finish the week with losses after the white metal fell below the $60.00 key support, exacerbating the sell-off that pushed XAG/USD towards a weekly low of $55.38. At the time of writing, Silver exchanges hands near $57.00, down 0.83%. XAG/USD Price Forecast: Technical Outlook Silver reverses course, retreating toward $57.00, with the white…

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United States CFTC Gold NC Net Positions declined to $207.9K from previous $210.3K

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any…

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US September import price index +1.1% vs +0.8% expected

Prior was +0.7% m/m (revised to +0.5%) Export prices +2.2% vs +1.0% expected Prior export prices were +0.6% (revised to +1.2%) Import prices y/y 8.1% vs +7.0% prior It’s been an ugly week for inflation data. The market seems to think the Fed can tame it by waiting until December but that’s some serious imported inflation that’s going to…

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Australia CFTC AUD NC Net Positions down to $-117.3K from previous $-98.6K

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any…

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United States CFTC S&P 500 NC Net Positions up to $-141K from previous $-154.1K

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any…

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US September industrial production +0.7% vs +0.4% expected

Prior was 0.0% (revised to +0.1%) Capacity utilization 76.9% vs 76.5% exp Manufacturing output +0.3% vs +0.3% exp Prior manufacturing output -0.3% (revised to -0.2%) Mining +0.2% Utilities +3.5% Machinery +1.4%, primary metals +1.6%, electrical equipment +1.3%, chemicals +1.0%. The headline is flattered by utilities. Electric utility output jumped 3.7% m/m and is up 9.6% y/y, and the utility…

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