US Dollar Price Forecast: Holds Steady Around 104.50, Above Key Moving Averages
US Dollar Price Forecast: Holds Steady Around 104.50, Above Key Moving Averages The US Dollar Index (DXY) remains steady around 104.50 during European trading on Friday, extending its daily gains. Analysis of the daily chart suggests a continued bullish trend, with the DXY moving within an ascending channel. The 14-day Relative Strength Index (RSI) remains […]
Silver Price Forecast: XAG/USD Holds Below $28.50 as Traders Eye US PMI Data
Silver Price Forecast: XAG/USD Holds Below $28.50 as Traders Eye US PMI Data Silver (XAG/USD) is trading with a mild bearish bias around $28.25 early Thursday during the Asian session. A modest recovery in the US Dollar (USD) is weighing on silver prices. However, speculation that the US Federal Reserve (Fed) may implement a deeper […]