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Silver (XAG) gains 42.4% YTD, driven by 71% industrial demand and looming supply deficits. Analysts project a potential rally to $40/oz by year-end.
The GBP/JPY cross retraces its recent gains, trading near 195.50 during European hours. Traders exercise caution ahead of the Bank of England’s (BoE) Monetary Policy Report
Instead of continuing to rise, the Euro (EUR) is likely to trade in a 1.0560/1.0610 range. In the longer run, Downward momentum is beginning to
The Pound Sterling (GBP) is expected to trade in a 1.2625/1.2705 range. In the longer run, GBP is likely to continue to weaken to 1.2565,
The USD/CAD pair finds some support near the 1.4000 psychological mark on Tuesday and for now, seems to have stalled its retracement slide from the
USD/JPY saw choppy trades over the last 24 hours. USD/JPY was last at 153.61, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
The Australian Dollar (AUD) is expected to trade in a range between 0.6470 and 0.6520. In the longer run, downward momentum is slowing; a break
FOMC talks and housing data loom as the US Dollar steadies; gold, GBP/USD, and EUR/USD traders await key economic updates for directional clarity.
