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Silver prices saw a 0.91% increase on Thursday amid low trading volumes as the Asia-Pacific trading session commenced, holding steady around $23.82. There was little change in the early Friday session as markets in Japan and the United States resumed activities following a break. The daily chart for silver illustrates the gray metal's trend as neutral to...

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Cryptocurrency values experienced a modest decline on Thursday, attributed to lower trading volumes in Bitcoin and Ether during the Thanksgiving holiday. Meanwhile, some altcoins demonstrated upward momentum even as the major cryptocurrencies saw a dip in their prices. After surpassing the $37,000 threshold earlier in the week and testing the $38,000 resistance...

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Silver prices increased by 0.91% on Thursday, trading around $23.82 as the Asia-Pacific trading session commenced on Friday. The daily chart indicates a neutral to bullish trend, maintaining near weekly highs, setting the stage for a potential test of the $24.00 level. Once surpassed, the next resistance lies at the June 9th high of $24.52 before potentially...

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The GBP/USD exchange rate is trading closely around the 1.2540 level after experiencing a short-term surge to its highest point in 10 weeks, driven by an unexpected uptick in the UK Purchasing Managers' Index (PMI) data on Thursday. The pair spent the latter part of the trading day navigating through a significantly restricted market due to subdued Thanksgiving...

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Gold mitigates its losses as the US dollar continues to decline in early Friday's Asian trading session. With no economic data scheduled from the US on Friday, and Wall Street set to close, XAU/USD is trading around $1,992, remaining unchanged for the day. While gold still hovers near the $2,000 mark, it struggles to sustain above it. However, a crucial level to...

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The EUR/USD exchange rate continues its descent after failing to hold above 1.0950. On Wednesday, the pair encountered resistance at 1.0920 before experiencing another round of price depreciation. Finding support at 1.0850, the potential for further downside exists, targeting the crucial support level at 1.0830. The short-term downtrend line is positioned at...

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Bitcoin's price experienced a decline on Tuesday and Wednesday following a series of significant legal developments in the industry. The BTC/USD pair dropped to a low of $36,260, significantly below the year's peak of $38,000. The BTC/USD pair retreated after reaching a high of $37,800 on Tuesday. On the 4-hour chart, it remains within an ascending channel...

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GBP/USD closed positively for the third consecutive trading day on Tuesday, reaching its highest level since early September at $1.2560. While experiencing a slight pullback on Wednesday, the pair remains above the $1.2500 mark. UK Chancellor of the Exchequer, Jeremy Hunt, is set to unveil the autumn budget report in the late session. Hunt is expected to announce...

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Gold (XAU/USD) has revisited the daily high, reaching $2,006.48, but the key resistance level at $2,000 proves to be a formidable target. The precious metal is experiencing a return to a bearish trend as investor sentiment fluctuates throughout the day, marked by uneven market exposure. The yield on US Treasury bonds witnessed another sudden surge on Wednesday,...

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GBP/USD saw an increase on Tuesday as the British Pound outperformed following hawkish comments from officials at the Bank of England. The currency pair is holding firm above the 1.2500 level despite the U.S. Dollar's adjustment. The level at 1.2550 (static level) is considered immediate resistance for GBP/USD, preceding 1.2600 (Fibonacci 50% retracement level...

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The price of Bitcoin (BTC) is displaying weakness, registering a 3% decline in a day, with most of these losses attributed to news surrounding the Binance exchange. Testing a crucial support level at $36,788, and with the Relative Strength Index (RSI) indicating weakening momentum, BTC could face further declines. Increased selling pressure below the critical...

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Gold prices attracted buyers and breached the $2,000 mark in the early hours of Wednesday's trading session in Asia. The precious metal's upward momentum is fueled by lower U.S. Treasury bond yields and a weaker U.S. dollar. The daily chart of XAU/USD illustrates a bullish trend, supported by technical indicators such as the Moving Average Convergence Divergence...

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The price of Ethereum (ETH) is at risk of losing a crucial support level at $1,935, marking the midpoint of the supply zone that has become a breaking point for the extended bullish trend ranging from $1,864 to $2,004. If the $1,935 level fails to hold firm, it could spell disaster for token holders, with ETH potentially sliding down to the psychological level of...

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Gold prices put an end to a two-day decline in the early hours of Tuesday's Asian trading session. The lower interest rates on US Treasury bonds weighed on the greenback, boosting the price of gold in USD terms. In a relatively quiet day for US economic data, traders are eagerly awaiting the FOMC meeting minutes on Tuesday. Gold rebounded, surpassing the 20-day...

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The imminent approval of Bitcoin exchange-traded funds (ETFs) signals a potential resurgence for digital assets, attracting institutional and retail investors alike. The U.S. SEC is expected to greenlight ETFs by mid-January, opening the door for influential players like BlackRock and Fidelity to allocate a portion of their portfolios to cryptocurrencies. This...

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The EUR/USD pair enters a consolidation phase during Tuesday's Asian trading, hovering just below the key level of 1.0900, marking the highest point since August 14th. The pair has seen consecutive gains, surpassing 1.0900, with the upward trend sustained above crucial daily Simple Moving Averages. However, the Relative Strength Index (RSI) above 70 signals...

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Ethereum is showing signs of a significant breakout, forming an ascending triangle pattern with three higher lows and three nearly equal highs since June 2022. A decisive weekly close above the $2,000 horizontal resistance could trigger a 43% surge to $2,943. Currently, Ethereum is holding above the support of the Momentum Reversal Indicator (MRI) at $1,936,...

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The price of gold experienced a decline, nearing $1,978 during the first trading hour in Asia on Monday. The softer US Dollar (USD) and a decrease in interest rates for US Treasury bonds may influence the rise in the value of this precious metal. Traders of XAU/USD will closely monitor the Federal Open Market Committee (FOMC) meeting minutes scheduled for Tuesday....