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Silver Price Forecast: XAG/USD Pulls Back From $29.50 After Easing Of Middle-East Tensions

Silver Price Forecast: XAG/USD Pulls Back From $29.50 After Easing Of Middle-East Tensions

Image Source: Pixabay Silver price edges lower due to the de-escalation of the geopolitical tensions in the Middle East. US Secretary of State Antony Blinken announced that Israel had agreed to a proposal for a Gaza ceasefire. Fed President Neel Kashkari indicated that discussing potential US rate cuts in September is warranted. Silver price (XAG/USD) price breaks […]
EUR/USD Analysis: Breaking Resistance And Key Levels Ahead

EUR/USD Analysis: Breaking Resistance And Key Levels Ahead

Image Source: PixabayThe EUR/USD pair has recently broken above the resistance level of 1.1047, extending its upward movement from 1.0777 to a high of 1.1087. This bullish trend indicates a strong momentum in the market. Current Market Dynamics  The pair is currently moving within a rising price channel on the 4-hour chart. As long as the support within this channel […]
Asia-pacific Markets Edge Up As China Maintains Loan Prime Rates

Asia-pacific Markets Edge Up As China Maintains Loan Prime Rates

Image Source: Pixabay Asia-Pacific markets rise, tracking Wall Street’s rally and China data. RBA holds rates steady, citing persistent inflation concerns. Kaisa shares jump 14% on debt restructuring news. Asia-Pacific stock markets showed mostly positive performance on Tuesday, buoyed by a rally in Wall Street and new economic data from China.The region’s diverse markets exhibited varied […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 19

Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 19

Image Source: PexelsI have flipped the preferred view to alternate and the alternate to preferred. Both the ES and NQ have exceeded the 62% Fibonacci resistance for a minute ‘b’ wave within an ongoing Minor 4th wave. Also the markets have shifted again from a “negative” gamma situation to a “positive” gamma situation. This produces a […]
Financial Markets Report For Monday, Aug 19

Financial Markets Report For Monday, Aug 19

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, Aug 19.Video Length: 00:14:10More By This Author:Metal Markets Report For Friday, Aug 9SPDR ETF Report For Friday, Aug 9Metal Markets Report For Thursday, Aug 8
Silver Bar Wholesale Premiums Rise To Highest Level In 9 Months

Silver Bar Wholesale Premiums Rise To Highest Level In 9 Months

Image Source: PixabayThere’s just been a significant change in the wholesale silver premiums.Video Length: 00:06:46More By This Author:1970s Are Repeating, And That Is Good News For Gold Silver Rallied Thursday Even In The Face Of Stronger Economic DataIs The Sell-Off In The Gold Market Over?
Elliott Wave Intraday Analysis Looking For GDX To Extend Higher

Elliott Wave Intraday Analysis Looking For GDX To Extend Higher

Image Source: PexelsRally from 9.26.2022 low in GDX is currently in progress as a 5 waves diagonal. Up from 9.26.2022 low, wave (1) ended at 36.26 and pullback in wave (2) ended at 25.62. The ETF then extended higher in wave (3) towards 39.4 and pullback in wave (4) ended at 33.85 as the 1 hour chart […]
Australian Dollar Edges Lower Following RBA Minutes, PBoC Rate Decision

Australian Dollar Edges Lower Following RBA Minutes, PBoC Rate Decision

Image Source: Unsplash The Australian Dollar declines despite a hawkish sentiment surrounding the RBA. The PBoC maintained its current interest rate at 3.35% at August’s meeting held on Tuesday. Fed President Neel Kashkari indicated that discussing potential US rate cuts in September is warranted. The Australian Dollar (AUD) halts its winning streak against the US Dollar […]
Grocery Prices And Wholesale Food Prices

Grocery Prices And Wholesale Food Prices

Image Source: UnsplashThe Harris Walz plan for reining in grocery prices appears to contain two components, one of which has attracted a lot of attention (stopping price gouging), while the second (antitrust against food processors) has garnered less criticism (see agenda Harris Walz plan). While it might be the case that grocery store chains are exploiting some monopoly power, […]
WTI Drops To Nearly Two-Week Low Amid Optimism Over Gaza Ceasefire Talks

WTI Drops To Nearly Two-Week Low Amid Optimism Over Gaza Ceasefire Talks

Photo by Timothy Newman on Unsplash WTI remains under some selling pressure amid hopes for a ceasefire in Gaza. China’s economic woes contribute to the decline to a nearly two-week low. Fed rate cut bets undermine the USD, which could help limit further losses.  West Texas Intermediate (WTI) US crude Oil prices drift lower for the third straight day on Tuesday […]