Silver has endured a violent reversal in the past two weeks, swinging from near $90 to the mid-$70s as geopolitical panic surrounding the Iran conflict intensified and then eased sharply. The initial steep decline was fueled by fears of an imminent US strike on Iran earlier in the week and a potential collapse of the […]
The post Silver’s $90 Breakout Dream Fades, but Structural Deficit Keeps $70 Floor Alive appeared first on ActionForex.
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Key Highlights USD/JPY started a decent increase and reclaimed 158.00. A key bullish trend line is forming support at 158.50 on the 4-hour chart. EUR/USD extended losses and traded below 1.1620. USD/CAD is showing signs Read more…
Japan’s underlying inflation slowed sharply in April, creating increasingly difficult conditions for the Bank of Japan to justify near-term rate hikes despite recent hawkish rhetoric from several policymakers. CPI core, excluding fresh food, eased from Read more…