Market narrative
Move between stock news, official company releases, crypto, and FX without losing the path back to ticker research.
Silver is stabilizing near key support after a sharp decline, but any rebound may face strong resistance before the broader bearish correction resumes.
Forex
The Euro to Dollar (EUR/USD) exchange rate has stabilised near 1.1410 after suffering a sharp sell-off during June as stronger US economic data and geopolitical tensions boosted demand for the Dollar. Berenberg believes the Euro may continue to struggle in the short term, but expects a more supportive backdrop to emerge as economic growth.
Silver Price Forecast: XAG stays below $60 as death cross threat looms
I have written for weeks that this war acts on gold through the rate channel, not the safe-haven channel.
Euro: Political and growth risks point lower against US Dollar – HSBC
Brazil scored in the 95th minute to beat Japan 2-1. At about the same time, the USDJPY is ticking to a high or 161.97 which continues to push against the highest level since the end of 1986.
Gold price slides as easing US-Iran tensionsdent haven demand
Silver and platinum are also losing ground at the start of the week.
Pound Sterling Price News and Forecast: GBP/USD rises as Burnham fiscal pledge calms markets
The American currency is losing ground as traders continue to take profits near yearly highs.
In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Swiss Franc (USD/CHF), Gold (XAU/USD), Crude Oil (WTI), Bitcoin (BTC/USD), S&P 500 (SPX500), Nasdaq (NDX), and Dow Jones (DJI). These are the levels that matter on the technical charts into the weekly open.
Gold prices remain under pressure after a sharp correction this month, but RBC Capital Markets believes the sell-off is creating an attractive longer-term buying opportunity. Gold (XAU/USD) traded near $4,028 on Monday, down almost 11% in June after falling from a monthly high above $4,540.
Gold prices eased lower in the first half of Monday's session, even as the US dollar edge lower. Investors have largely looked through the latest military exchanges involving the US and Iran, especially after the two sides have apparently agreed to end days the fighting around the Strait of Hormuz and resume peace talks.
Euro: Range trading likely to persist against US Dollar – Scotiabank
Silver declines as Middle East energy tensions, Fed policy uncertainty pressure prices
The US Dollar to Japanese Yen (USD/JPY) exchange rate fell sharply on Monday in highly volatile trading, fuelling market speculation that Japanese authorities may have intervened to support the embattled yen. Latest — Exchange Rates:Dollar to Yen (USD/JPY): 161.8975 (+0.06%)Euro to Dollar (EUR/USD): 1.14086 (+0.21%)Pound to Dollar.
GBP/USD has seen marginal gains in recent sessions, but the pound remains vulnerable to a strong blend of domestic and external factors.
Euro: Sintra seasonality points to tactical strength against US Dollar – BNY
Silver continues to be a lot of choppiness just waiting to happen. The silver market has been noisy as of late, and now looks as if it is trying to turn things around.
Gold managed to break above the resistance of 4020-40 last Friday to march towards the first target at 4100. As we see over the chart, prices now face support at 4020-40 which could lead for a further advance towards 4200.
