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Asian Open: Ukraine crisis weighs on Europe, Silver bulls eye $26
European equity markets and the euro currency sustained heavy losses on Friday as fighting in Ukraine showed no signs of receding.
European Open: FTSE struggles at 7600, silver tries to carve out a low
Whilst the FTSE has been one of the stronger performers during a risk-off period for equities, 7600 remains a level which defies its next breakout.
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Asian Open: The Dollar Retains Dominance, Yet Silver Defies Its Strength
The US dollar extended gains against all its major peers. Yet that didn’t prevent silver from breaking above $25 and confirming a multi-month reversal.
Asian Open: It’s Raining Yen, Hallelujah
If weekend reports are to be believed, large stimulus packages are to be announced in Japan which include cash handouts to all children aged 18 and below, regardless of household income.
[Video] Silver Rally Falters Below $25
Silver’s short-covering rally has covered an impressive 15% rise over the past 17 session, suggesting it may be time to mean revert.
Asian Open: USD Lower Despite Strong CPI and Hawkish Fed
It appears to be a case of “buy the rumour, sell the fact” for the US dollar, as prospects of higher inflation effectively confirming a November taper and earlier hike sent the dollar lower.
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