Silver prices, represented as XAG/USD, were relatively steady on Wednesday according to FXStreet data. With silver trading at $29.55 per troy ounce, it has seen an increase of 16.02% since the beginning of the year. One of the key indicators used by investors to determine the relative valuation of Silver is the Gold/Silver ratio. The
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The US Dollar faced a decline recently due to lower-than-anticipated Retail Sales figures and dovish comments from Federal Reserve officials. This has led to market uncertainty and speculation about the future of the US economy. The US Census Bureau reported that May’s Retail Sales data grew at a slower pace of 0.1% as compared to
Costco Wholesale Corp. has been analyzed using Elliott Wave Theory to provide insights into potential trading opportunities based on current market trends. The analysis focuses on both the daily and 4-hour charts to offer a comprehensive view of Costco’s price movements and market structure. The Elliott Wave analysis on the daily chart indicates an impulsive
President Emmanuel Macron of France recently made headlines by dismissing extreme economic plans as unrealistic in the face of significant economic challenges. This bold move comes at a crucial time for the country, as decisions made now could have far-reaching consequences for its economy. Macron’s decision to dissolve the government was met with mixed reactions,
The Pound Sterling has been experiencing fluctuations as it recently declined to 1.2700 against the USD after the Fed signaled only one rate cut this year. This decline is a result of uncertainties in the market regarding the future of interest rates in both the UK and the US. One of the concerns for policymakers
The USD/CAD pair has rebounded to around 1.3730 in the early Asian trading session on Thursday, supported by a stronger US Dollar. This comes after the Federal Open Market Committee (FOMC) decided to keep interest rates unchanged for the seventh consecutive time during its June meeting on Wednesday. Following the FOMC announcement, there has been
The USD/JPY pair has been on an upward trend for the fourth consecutive day, reaching a high near 157.15 during early Asian trading hours on Wednesday. This positive momentum has been driven by a sense of caution among traders, who are waiting on the sidelines for key events to unfold in the market. Two major
The US Dollar has shown resilience in the forex market as traders anticipate the Federal Reserve’s upcoming policy decision. With expectations of interest rates remaining steady between 5.25%-5.50%, investors are cautious in their trading activities. The currency pair USD/CHF has experienced a period of calmness as traders exercise restraint in light of the looming Fed
The USD/CHF pair is showing strength near 0.8970 in Monday’s early European session. This rise can be attributed to the diminishing rate-cut prospects by the Federal Reserve (Fed), which has boosted the appeal of the US Dollar. The recent US Nonfarm Payrolls report for May revealed robust labor demand and stronger than expected wage growth.
In the aftermath of the European Union (EU) elections, French President Emmanuel Macron made a surprising announcement that he would dissolve parliament and call for new legislative elections. This decision came after exit polls indicated a heavy defeat for Macron’s alliance in the European elections to Marine Le Pen’s far-right National Rally (RN) party. Macron
Investing in the financial markets can be a lucrative opportunity for individuals looking to grow their wealth. However, it is crucial to understand the risks and responsibilities associated with making investment decisions. This article will delve into the importance of conducting thorough research, the uncertainties involved in forward-looking statements, and the disclaimer provided by FXStreet
The Japanese Yen has been appreciating due to improved risk sentiment, alongside other key factors influencing its value in the global forex market. Japan’s 10-year bond yield fell below 1% for the first time in two weeks, indicating a shift in investor confidence towards the Yen. On the other hand, the depreciation of US Treasury