Silver extends gains for a second session, reaching its highest level since early July amid technical momentum. Silver prices surged to a one-month high, with XAG/USD trading near $62.00 during early European trading. The rally marks a second consecutive day of strong foll
XAG/USD climbs to its highest level since July 7, driven by a breakout above key moving averages and dollar weakness. Silver (XAG/USD) extended gains for a second consecutive session, reaching near $62.00 during early European trading—the highest level in a month. The rall
Analysts cite hawkish Fed dissent and centrist leanings as key drivers for near-term Dollar strength despite recent weakness. Recent US Dollar weakness following the July FOMC meeting is viewed as a temporary retracement rather than a structural downtrend, according to mac
Analysts warn US-Japan intervention failed to sustainably boost JPY demand, citing weak structural support and reliance on macro growth. The GBP/JPY pair recovered early losses to trade near 212.25 in European trading, as the Yen’s recent gains falter. Markets doubt the du
India's central bank keeps repo rate unchanged The Reserve Bank of India left its benchmark repo rate unchanged at 5.25%. The decision was widely expected, with policymakers focused on bringing inflation back to target. The central bank's move comes as several As
Analysts forecast GBP/USD consolidation between 1.3425 and 1.3470 after recent trading between 1.3423 and 1.3456. GBP/USD remained range-bound, trading between 1.3423 and 1.3456 following a prior high of 1.3506. The pair showed limited volatility after the recent spike, re
The Euro holds recent gains against the Pound as traders await key Eurozone and UK services sector activity reports. The Euro traded at 0.8573 against the British Pound on Wednesday, maintaining a near-flat position after recovering from the 0.8540 level earlier in the wee
UOB analysts forecast GBP/USD consolidation between 1.3425 and 1.3470, with residual upside potential toward 1.3555. GBP/USD traded in a narrow 1.3423–1.3456 range after retreating from a recent high of 1.3506. Analysts expect near-term consolidation between 1.3425 and 1.3
The Euro holds recent gains against the Pound as traders await final July services PMIs and Eurozone PPI data. The Euro traded at 0.8573 against the British Pound on Wednesday, maintaining gains from the past two days. A positive risk sentiment and lower oil prices have su
Analysts cite limited foreign reserves and unclear Fed support as reasons for the yen's failure to sustain gains post-intervention. The Japanese yen has partially reversed gains following last week’s historic USD/JPY intervention, despite US Treasury involvement. The move,
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