silver

Technical Analysis – Silver slips below 17 key-level; neutral inside Ichimoku cloud

Posted on November 6, 2017 at 1:24 pm GMT

Silver dipped below 17.00 on Friday after a short phase of consolidation and is currently trying to pare its losses on the 4-hour chart. The bias is neutral as the RSI and the MACD are laying in their neutral zones, while the metal itself has rebounded inside the Ichimoku cloud. Should the metal head up, resistance could be first met at the 17.00 key-level before the previous high at 17.22 come into view. Next, the top at 17.44 touched on October 16 could act [..]

European Session – Dollar pares back losses but sterling weaker on PMI downgrade

Posted on August 1, 2016 at 2:50 pm GMT

Major currencies struggled for direction in lacklustre trading in today’s European session as the dollar recovered only modestly from last week’s drop, while the pound took a knock from weak PMI data. The US dollar managed to hold above 102 yen after plunging below the level on Friday following surprisingly weak US GDP data for the second quarter, which dampened the likelihood of a tightening in Fed policy this year. Comments from Fed policymakers provided only limited support to the [..]

Risk assets rise together with safe havens following Brexit vote

Posted on July 12, 2016 at 2:50 pm GMT

Gold, silver do best following Brexit Safe government bonds, stocks also do well If situation is not so bad, difficult to justify more stimulus One surprising aspect of the post-Brexit financial environment is how various assets have reacted to this unexpected event. Safe havens did very well as was expected, but perhaps less expected was how quickly risk assets shook off the post-Brexit blues and turned around to post a positive performance. As the chart shows, silver and gold have [..]

European Session – Aussie and kiwi outperform; Pound steady despite slump in construction PMI

Posted on July 4, 2016 at 3:11 pm GMT

The British pound saw some erratic moves following unexpectedly weak construction PMI, but remained within a tight range as market liquidity was thin due to the US Independence Day holiday. Sterling hit an intra-day low of 1.3239 dollars after the PMI data, which showed construction activity in the UK fell sharply from 51.2 in May to 46.0 in June, missing estimates of 50.5. A reading below 50 is defined as a contraction in activity and is a sign that the [..]

FX Daily Outlook| 04-07-16

Posted on July 4, 2016 at 10:12 am GMT

[..]

Asian Session – Australian dollar rebounds from post-election jitters; Gold extends gains

Posted on July 4, 2016 at 8:24 am GMT

The Australian dollar opened sharply lower on Monday after the results so far from Saturday’s federal election in Australia have pointed to no clear winner. With more than two-thirds of the votes counted, the prospect of a hung parliament has raised concern among investors that Australia might lose its triple A credit rating. Prolonged political uncertainty could make it less likely for Australia’s government to better manage its budget deficit. The aussie fell as a result, dropping to 0.7444 against [..]

FX Daily Outlook| 28-06-16

Posted on June 28, 2016 at 9:25 am GMT

[..]

Technical Analysis – Silver maintains bullish bias

Posted on June 28, 2016 at 7:53 am GMT

Silver has been on an upward trajectory since bouncing from the December 2015 low of 13.62. After quite a big dip in May to 15.79, prices rose back up and peaked at 18.29 last Friday before stabilizing. This is the highest in 1 ½ years. The technicals are still indicating a bullish bias – MACD above zero, RSI above 50 and there was a bullish crossover of the 50-day moving average with the 200-day moving average in March. The market [..]

Technical Analysis – Silver more bullish after soaring to 11-month high

Posted on April 20, 2016 at 1:34 pm GMT

Silver rallied to a fresh 11-month high of 17.21 on Wednesday, extending its year-to-date gains to 23%. Prices have soared sharply above the Ichimoku cloud and the tenkan-sen and kijun-sen lines are positively aligned. The 200-day moving average has also started trending up following the bullish crossover with the 50-day moving average, and this underlines the positive outlook. The current strong upside momentum could hold for a while longer according to the MACD chart, which does not yet appear to [..]

Nowhere to hide? Turmoil presents tough choices to investors

Posted on February 9, 2016 at 1:20 pm GMT

The latest episode of volatility in financial markets has been a defining characteristic of the trading environment since the beginning of the year. In this environment, key relationships and trends of previous periods – such as the unquestioning belief in the US dollar uptrend or confidence in the mostly positive outlook for developed economies and their stock markets – have been seriously shaken. Many investors are looking for safe havens as shelters in which to weather this storm and some [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms