USD/CHF Price Forecast: RSI nears overbought territory as the pair climbs to near seven-month highs
USD/CHF Price Forecast: RSI nears overbought territory as the pair climbs to near seven-month highs
Pound Sterling Price News and Forecast: GBP/USD rebounds as holiday-thinned trade slows USD bulls
Pound Sterling Price News and Forecast: GBP/USD rebounds as holiday-thinned trade slows USD bulls
Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside
Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside
Gold – Bears Regain Control After Short-Lived Correction and Look for Renewed Attack at Key Supports
Gold remains in red for the third straight day, on track for the third consecutive weekly loss, under renewed pressure from Fed's hawkish steer.
Silver Weekly Price Analysis – Silver Looking to Bounce Back
The silver market has drifted lower this past week, but it looks as if it has a significant amount of support to be found at lower levels. With this, buyers could return this next week.
EU's Von der Leyen Calls for United European Message Ahead of Russia Negotiations
European Commission President Ursula von der Leyen emphasized the need for a unified European stance as Russia approaches the negotiation table. This unified approach aims to strengthen the EU's position in upcoming discussions with Russia.
Gold Price Analysis – Gold Drifts a Bit Lower on Juneteenth
Gold drops into the weekend as traders are trying to sort out inflation, the interest rate markets, and, of course, the situation in the Middle East. Markets continue to hang in the balance due to the latest headlines.
Silver Price Analysis – Silver Drifts Lower to Find Buyers in Thin Trading
Silver drops, but it does find buyers on Friday, which would have been a thin session, as it was Juneteenth in the United States. The liquidity will have been very anemic to say the least.
Gold Weekly Price Analysis – Gold Drifts Slightly Lower for the Week
Gold markets have had a slightly negative week, as we continue to try to determine where risk appetite is going overall.
Iran Assures Safe Passage of Commercial Ships Through Strait of Hormuz
The Iranian Foreign Ministry spokesperson announced that shipping through the Strait of Hormuz is ongoing, with Iranian armed forces implementing necessary measures to ensure the safe passage of commercial vessels. This statement aims to reassure maritime traffic amid regional tensions.