Markets

Silver Is Under Pressure As Gold/Silver Ratio Moves Higher Silver managed to get below the 50 EMA at $25.20 and is trying to settle below the support at $25.00 while the U.S. dollar is gaining ground against a broad basket of currencies. The U.S. Dollar…

Traders Take Some Profits Off The Table At The Start Of The Earnings Season S&P 500 futures are moving lower in premarket trading as traders take some profits off the table after Biden’s stimulus plan announcement. Yesterday, U.S. President-elect Joe Biden unveiled a new stimulus…

Natural gas futures are trading higher after reversing earlier losses on Friday. The price action suggests bullish investors are still placing bets on extremely cold temperatures at the end of the month despite weather patterns shifting to the milder side. Support is also being provided…

The direction of the March U.S. Dollar Index on Friday is likely to be determined by trader reaction to 90.305. The U.S. Dollar is inching higher against a basket of major currencies early Friday, rebounding from a near three-year low despite dovish comments from U.S.…

EUR/USD is testing the nearest support level at 1.2130. Euro Remains Under Pressure EUR/USD continues its attempts to settle below the nearest support level at 1.2130 while the U.S. dollar is gaining ground against a broad basket of currencies. The U.S. Dollar Index managed to…

South Korean shares logged the fastest decline in more than two months as profit-taking eclipsed optimism over a U.S. stimulus plan. The major Asia-Pacific stock indexes finished mixed in a volatile session on Friday. Early in the trading session, Asian shares edged higher after U.S.…

A busier economic calendar puts the Pound and the Dollar in focus. Expect COVID-19 news, chatter from Capitol Hill, and Italian politics to also influence, however. Earlier in the Day: It’s was a quiet start to the day on the economic calendar this morning. The…

The US dollar has been somewhat interesting to pay attention to against the Japanese yen, because it does look like it is trying to change the overall trajectory. The US dollar rallied a bit during the trading session on Thursday as we continue to see…

Silver tried to settle below the 50 EMA at $25.20 but this attempt was not successful. Stronger Dollar Did Not Put Much Pressure On Silver Silver made an attempt to settle below the 50 EMA at $25.20 but did not manage to gain sufficient downside…

Meanwhile, Initial Jobless Claims increase to 965,000. President-Elect Joe Biden Will Present His Stimulus Plan On Thursday S&P 500 futures are gaining ground in premarket trading as traders wait for details of the new stimulus plan which is expected to be presented today. Recent reports…