Author: FX
Silver (XAG/USD) prices reached the $100.00 milestone on Friday, recording an all-time high of $100.39 before retreating towards the triple-digit figure. The grey metal is posting daily gains of over 4% after bouncing off daily lows of $96.04.Even though geopolitical risk diminished following the de-escalation of the US-European Union trade war, the US Dollar (USD) faces headwinds, continuing to extend its losses during the year.According to TASS, Russia, Ukraine and the US talks had started in Abu Dhabi, aimed to finally reach an agreement to end the war.XAG/USD Price Forecast: Technical outlookSilver’s parabolic uptrend continues, as depicted by price action.…
GBP/USD jumps above 1.3540 as UK Retail Sales, PMIs surprise higherGBP/USD surges during the North American session over 0.31% on stronger than expected Retail Sales and PMI data, even though the Greenback trimmed losses on an upbeat Consumer Sentiment report. The pair trades at 1.3542 after bouncing off daily lows of 1.3482. Read More…Pound Sterling outperforms on strong UK Retail Sales, PMI dataThe Pound Sterling (GBP) rises strongly against its major currency peers, jumps to near 1.3536 against the US Dollar (USD) as the flash United Kingdom (UK) S&P Global Purchasing Managers’ Index (PMI) data for January has come in…
GBP/USD surges during the North American session on Friday by over 0.31% on stronger-than-expected Retail Sales and PMI data, even though the US Dollar (USD) trimmed losses on an upbeat Consumer Sentiment report. At the time of writing, the pair trades at 1.3542 after bouncing off daily lows of 1.3482.Sterling rallies on strong UK data, trimming Bank of England easing expectationsIn the UK, Retail Sales data sponsored a leg-up in the GBP/USD pair, which cleared the 1.3500 figure, but it remains shy of the latest cycle high, which could pave the way towards 1.3600. In December, Retail Sales rose 0.4%…
Silver has a long history of making incredible moves and this one is certainly on that list. It’s been a one-way parabolic move since $50 in late-November.Before then it was a steady climb higher and was just at $23 of the time of Trump’s second election. The combination of industrial demand, low mining supply and monetary demand has been sensational. The latest leg is all retail piling in as it becomes something of a meme.silver dailyNaturally, I would expect some profit taking here but it’s hard to turn against precious metals until gold also hits $5000. The high was $4967…
Business activity in the US private sector expanded at a slightly better pace in January than in December, with the S&P Global’s preliminary Composite Purchasing Managers’ Index (PMI) edging higher to 52.8 from 52.7.In this period, the Manufacturing PMI rose to 51.9 from 51.8, while the Services PMI remained unchanged at 52.5. Both of these figures came in slightly below analysts’ estimates.Commenting on the survey’s findings, “The flash PMI brought news of sustained economic growth at the start of the year, but there are further signs that the rate of expansion has cooled over the turn of the new year…
Sector OverviewThe stock market presented a mixed bag of performances today, with noteworthy activity across several key sectors. The technology sector stood out with striking contrasts: while Nvidia (NVDA) surged by 1.98% amid high investor interest, Intel (INTC) faced a steep decline of 12.93%, reflecting challenges or unfavorable news impacting the semiconductor space. Notably, AMD emerged as another strong player, advancing 4.86%.Technology: While Nvidia’s gains underline investor confidence or positive developments, Oracle (ORCL) dropped by 2.95% possibly hinting at concerns in infrastructure software.Consumer Cyclical: The sector saw modest gains with Amazon (AMZN) up by 0.79%, signaling continued consumer confidence in…
Prior was 51.8 This article was written by Adam Button at investinglive.com. Source link
The Euro (EUR) weakens against the British Pound (GBP) on Friday, with the Sterling outperforming its major peers after stronger-than-expected UK economic data. At the time of writing, EUR/GBP is trading around 0.8677 after climbing to a three-week high near 0.8745 earlier this week.Preliminary S&P Global Purchasing Managers Index (PMI) figures signaled a sharp improvement in UK business activity at the start of the year. The flash Composite PMI rose to 53.9 in January from 51.4 in December, marking the strongest expansion in private-sector output since April 2024.The services sector led the upturn, with the flash Services PMI climbing to…
Exclusive-Citigroup to lay off more employees in March, sources say Source link
Date: January 23, 2026 Market: Light Crude Oil Futures (CL) | Micro Crude Oil (MCL) Author: Itai Levitan, investingLive.comAs I show in my video above, this oil technical analysis for today focuses on the daily structure in light crude oil futures, where price action continues to favor the bears. That said, this is not a one-sided narrative. While the current evidence points lower, we remain very clear about where, when, and how the bearish outlook would be invalidated. Tight risk control and open-mindedness are essential, especially in crude oil.Key takeaways for traders and investorsCrude oil remains inside a well-defined price…