Silver Price Analysis: XAG/USD clears daily losses, limited by rising US yields XAGUSD Silver Metals Silver
The US bond yields are edging higher after the release of inflation from July fromlast week. The 10-year bond yields 4.19%, with 1.29 % gains on the day. The 2-year yield stands at 4.96% with 1.25 % gains, and the 5-year yield is at 4.38% with 1.29 % gains. In line with that, the USD measured by the DXY index rose to its highest level since early July, above 103.00 and limiting the precious metal’s gains.
Regarding the next Federal Reserve decisions, rising US yields hint that tightening expectations have risen. According to World Interest Rate Possibilities tool, the markets that a skip in September is likely while the odds of a 25 basis point hike in November rose nearly 40%. That being said, the Federal Open Market Committee’s minutes from July’s meeting will provide markets with a clearer outlook regarding the official's stance, which could generateAnalysing the daily chart, XAG/USD presents a bearish outlook for the short term, with both Relative Strength Index and Moving Average Convergence Divergence remaining in negative territory.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Price Analysis: RSI conditions prod XAG/USD bears above $24.00Silver Price Analysis: RSI conditions prod XAG/USD bears above $24.00 – by anilpanchal7 Silver XAGUSD Technical Analysis ChartPatterns Commodities Silver
Read more »
Silver Price Analysis: XAG/USD recovers some lost ground above $24.50 markSilver Price (XAG/USD) recovers some lost ground and snaps three days of consecutive losses heading into the European session on Tuesday. XAG/USD curr
Read more »
Silver Price Analysis: XAG/USD remains below 50-period SMA on H4, FOMC awaitedSilver Price Analysis: XAG/USD remains below 50-period SMA on H4, FOMC awaited – by hareshmenghani Silver Commodities Technical Analysis Fed XAGUSD Silver
Read more »
Silver Price Analysis: XAG/USD rises amid USD weakness ahead of FOMC decisionOn Wednesday, the XAG/USD Silver spot price capitalised on the USD softness and falling US yields and jumped near the $25.00 area. Ahead of the Federa
Read more »
Silver Price Analysis: XAG/USD refreshes weekly top, seems poised to appreciate furtherSilver Price Analysis: XAG/USD refreshes weekly top, seems poised to appreciate further – by hareshmenghani Silver Commodities Technical Analysis XAGUSD Silver
Read more »
Silver Price Analysis: XAG/USD tumbles 1.5% after upbeat US economic dataSilver has reversed sharply following the release of US economic data that came in above expectations. XAG/USD dropped from weekly highs above $25.00
Read more »