[Video] Silver Rally Falters Below $25

Matt Simpson financial analyst
By : ,  Market Analyst

 

As for an update to Friday’s video, the Japanese yen continued to strengthen which saw several crosses move lower from arguably extended bullish runs.  USD/JPY is comfortably below 114 and AUD/JPY touched a 4-day low. Whilst their trends remain bullish overall it is not yet apparent their corrections are complete.

View this week's COT report (commitment of traders) to see how large speculators were positioned last week. 

 

How to trade with City Index

You can trade easily trade with City Index by using these four easy steps:

  1. Open an account, or log in if you’re already a customer 

    Open an account in the UK
    Open an account in Australia
    Open an account in Singapore

  2. Search for the company you want to trade in our award-winning platform 
  3. Choose your position and size, and your stop and limit levels 
  4. Place the trade

 

Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.

Economic Calendar