Silver bulls are quietly winning an important battle — even if prices are not exploding higher yet. Under normal market conditions, Silver should have suffered a much deeper pullback by now. Dollar has rebounded broadly after US-Iran peace talks stalled over the weekend. Oil prices have surged back above 105, reviving inflation fears and reducing […]
The post Silver Refuses to Break Despite Dollar Rebound, But Bulls Still Need One More Catalyst appeared first on ActionForex.
Strong US employment figures were not enough to prevent the dollar from falling. Geopolitics and risk appetite remain the key drivers. The US dollar came under pressure from sellers on Friday, and a strong labour Read more…
Daily Pivots: (S1) 0.7746; (P) 0.7777; (R1) 0.7793; More…. Intraday bias in USD/CHF remains neutral for consolidations above 0.7760. On the downside, decisive break of 61.8% projection of 0.8041 to 0.7774 from 0.7923 at 0.7758 Read more…
Daily Pivots: (S1) 156.41; (P) 156.69; (R1) 156.97; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. On the downside, break of 155.01 will resume the fall from 160.71 to 152.25 support next. Read more…