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Silver struggles at $31.00, declines over 1% to test the 100-day SMA amid rising US bond yields. Technical outlook sees potential consolidation between the 100-day and 200-day SMAs, with key support at $29.49. Resistance levels ahead at $31.00 and $31.64, with potential upward movement towards $32.0

The US Dollar (USD) remains well supported this December as trading partners move to cut interest rates quite quickly. For today, all eyes will be on Europe, but in the US we'll focus on the November PPI reading, ING’s FX analyst Chris Turner notes. DXY risks to move towards 107 “Canada has now deli

OPEC+ cuts global oil demand forecast by 210K barrels per day for this year. For 2025, the demand forecast is trimmed further by 90K barrels per day. WTI crude reacts with a modest rise to $69.59 per barrel following the updated demand outlook from OPEC+. The Organization of Petroleum Exporter Count

The US Dollar (USD) is narrowly mixed to a little firmer against the majors in quiet trade. It’s another very light session for data, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD mixed to firmer in quiet trade as markets await CPI “Markets have little incentive to move significantly ahe

S&P 500 delivered more gains to end the week, regardless of popping up non-confirmations. These bearish divergencies can go on for longer than generally deemed possible – but that doesn‘t rule out rug pull(s) here and there. That‘s analogical to almost every rising wedge facing a breakdown soone

The Greenback traded on the defensive for the second day in a row on Wednesday amid lower yields and the absence of news in Powell’s remarks at an event hosted by the New York Times. Here is what you need to know on Thursday, December 5: The US Dollar Index (DXY) kept the trade in the low-106.00s ag

USD/CNH eased as policymakers continued to keep the daily fix under 7.20. In fact, the CNY fix was even set stronger at 7.1934 than the day before (at 7.1996). Pair was last at 7.2838, OCBC’s FX analysts Frances Cheung and Christopher Wong note. CNH may still trade under pressure “Fixing pattern sug

The Swiss franc has edged upwards on Tuesday. In the European session, USD/CHF is trading at 0.8846, down 0.21% on the day. Is Switzerland facing deflation? Swiss CPI declined by 0.1% m/m in November, unchanged from October and in line with the market estimate. This marks the fourth successive month

With US markets paused for the Thanksgiving break, France was at the heart of the attention yesterday. The political drama, there, only got worst as Michel Barnier gave concessions to Marine Le Pen – who only asked more of them. The French 10-year yield eased after sitting at the same height than th

The Japanese Yen retreats from over a one-month high touched against the USD on Wednesday. December BoJ rate hike bets, trade war jitters and geopolitical risks might lend support to the JPY. The recent decline in the US bond yields could undermine the USD and cap the upside for USD/JPY. The Japanes