XRP Price Gains Fade Once Again: Will Support Hold?
XRP price gained pace for a move above the $0.5500 support zone. The price rallied toward $0.5780 resistance and then quickly faded most gains. XRP price is losing pace above the $0.5500 zone. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with […]
Daily Market Outlook – Friday, Nov. 8
Image Source: Pexels Asian markets ex Japan sink as Chinese official once again fail to deliver on stimulus hopes, however, a miscommunication on wire reports regarding the scale of local debt reduction offers some minor relief as local markets recover from lows, the local hidden debt will be reduced from 14.3 trillion yuan to 2.3 trillion […]
EUR/USD Drops As Trump Victory Keeps US Dollar Upbeat Outlook Intact
EUR/USD faces selling pressure near the key resistance of 1.0800 in European trading hours on Friday. The major currency pair fails to extend Thursday’s recovery as the US Dollar (USD) resumes its upside journey after a sharp correction. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, bounces back to nearly 104.65. […]
Are Active/Semi-Active ETFs Keeping Up With Growth Expectations Of Market Participants?
There is currently a lot of noise around active ETFs in Europe. But is the trend toward active or semi-active ETFs really so strong or are all the headlines on this topic are just chasing attention? Generally speaking, the trend toward active/semi-active ETFs is visible as an increasing number of managers of actively managed mutual […]
PayPal Stock Price Analysis: The Sky Is The Limit For PYPL?
Image Source: Pexels PayPal share price has recovered as its turnaround continues. The company added customers in the third quarter and boosted its guidance. The management expects it to be more profitable going forward. PayPal stock price rally has stalled even as American equities surged and the company published strong financial results. The PYPL share price […]
Gold & Silver Analysis: Key Levels & Trendline Insights
Gold Chart Analysis Gold/USD 15-Minute Chart (Source: TradingView)On the 6th Nov 2024 trading session, gold broke the major supporting trendline and made a low of $2,652. Price continued falling, making a new low of $2,643 on 7th Nov and moving in a zone creating volatility. On a daily time frame price was moving in an upward channel […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Friday, Nov 8
Image Source: PixabayToday you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:01:55More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
Metal Markets Report For Thursday, Nov 7
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:39More By This Author:Financial Markets Report For Thursday, Nov 7SPDR ETF Report For Wednesday, Nov 6Financial Markets Report For Wednesday, Nov 6
Gold Price Slides To Fresh Daily Low, Further Below $2,700 Amid Notable USD Strength
Image Source: Pixabay Gold price met with a fresh supply and eroded a part of the overnight recovery gains. The Trump trade optimism revives the USD demand and weighs on the precious metal. Retreating US bond yields and bets for additional Fed rate cuts could help limit losses. Gold price (XAU/USD) remains depressed below the $2,700 […]
Silver Price Forecast: XAG/USD Falls Toward $31.50 Amid Improved US Dollar, Yields
Image Source: Pixabay Silver price loses ground as higher US Treasury yields increase the opportunity cost of holding precious metals. The demand for dollar-denominated Silver struggles due to the improved US Dollar. Non-interest-bearing Silver received support on Thursday after the Fed announced a 25 basis point rate cut. Silver price (XAG/USD) loses ground to near $31.70 per […]
