
Silver accelerates above $66 as Fed expectations shift
Silver accelerates above $66 as Fed expectations shift
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Silver accelerates above $66 as Fed expectations shift

The silver market has been slightly positive in early trading on Monday, as traders continue to question where risk appetite is heading. With the Middle East, interest rates, and the dollar moving, silver is asking questions.

Euro: Bullish momentum eyes mid‑1.17s against US Dollar – Scotiabank

Gold was higher first thing this morning, extending its gains made on Friday when softer US retail sales data undermined the dollar. But with the US-Iran situation continuing to drag on, oil prices are remaining elevated, and this is helping to keep inflationary pressures intact and supporting bond yields.

In the short-term forex markets, we have seen a bit of US dollar soften a touch. At this point, the markets continue to see volatility.

Gold: Investors extend longs but hedge risks – TD Securities

The Euro managed to resume the advance to close towards the first target at 1.1620. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may could continue towards 1.1685 and above.

GBPUSD is testing the 1.3555 resistance as the chart shows the ability for more advance. As we see over the chart and as long as the market holds above 1.3470, more advance is likely toward 1.3655 and 1.3730.

The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance.

Prices managed to hit a rebound towards the 4407 resistance. As we see over the chart, the market could head for another drop toward 4260 and below.

GBP/USD Price Forecast: Bulls press toward 1.3600 as uptrend strengthens

There will be some key data from the UK to watch this week, which could set the tone for the pound, while the macro calendar in the US is a lot quieter. Once again, much of the market's direction may therefore come down to crude oil.

Gold prices hold firm as a softer dollar and lower Treasury yields offset oil-driven inflation risk before Fed minutes.

Sterling enters this week on a mixed footing. Last month's Bank of England decision struck a notably hawkish tone, with the vote split 6-3 in favor of holding rates, three members pushed for a hike, a signal the Bank remains genuinely worried about inflation as Middle East-driven energy costs work through the economy.

Gold holds near $4,400 as fading Fed rate hike bets weigh on US Dollar