Gold and Silver Prices May Turn Higher as Long-Term Treasury Yields Stagnate
2021-04-15 03:00:00
Daniel Moss,
Analyst
Gold, Silver, XAG/USD, XAU/USD, US 30-Year Treasuries – Talking Points:
Stagnating long-term Treasury yields could open the door for anti-fiat precious metals to gain ground in the coming weeks.
Long-term technicals continue to remain constructive for both gold and silver.
Anti-fiat gold and silver prices have clawed back lost ground in the month of April, after a tumultuous sell-off in longer-term US Treasuries drastically undermined the precious metals market earlier in the year. There was an expectation that inflation data would drive yields even higher in the near term and in turn intensify the downward pressure on gold and silver, as base effects come into play.
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US Dollar Technical Forecast: USD/SGD, USD/THB, USD/PHP, USD/IDR 2021-04-09 03:00:00 Daniel Dubrovsky, Strategist
US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Analysis
US Dollar remains fairly quiet against most ASEAN FX
USD/SGD range trading in focus, USD/THB may climb
USD/PHP eyeing triangle, USD/IDR momentum fading
Singapore Dollar Technical Outlook
The US Dollar continues to struggle in making further upside progress against the Singapore Dollar despite USD/SGD pushing above a falling zone of resistance from May. The pair has been consolidating between the 1.3527 – 1.3504 and 1.3375 – 1.3389 inflection zones. Still, the 200-day Simple Moving Average (SMA) could maintain the dominant downside focus as it behaves as critical resistance. Pushing above this could open the door to revisiting peaks from October. Otherwise, clearing immediate support exposes current 2021 lows.
US Dollar Technical Forecast: USD/SGD, USD/THB, USD/PHP, USD/IDR 2021-04-08 04:00:00 Daniel Dubrovsky, Strategist
US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Analysis
US Dollar remains fairly quiet against most ASEAN FX
USD/SGD range trading in focus, USD/THB may climb
USD/PHP eyeing triangle, USD/IDR momentum fading
Singapore Dollar Technical Outlook
The US Dollar continues to struggle in making further upside progress against the Singapore Dollar despite USD/SGD pushing above a falling zone of resistance from May. The pair has been consolidating between the 1.3527 – 1.3504 and 1.3375 – 1.3389 inflection zones. Still, the 200-day Simple Moving Average (SMA) could maintain the dominant downside focus as it behaves as critical resistance. Pushing above this could open the door to revisiting peaks from October. Otherwise, clearing immediate support exposes current 2021 lows.
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