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Silver advances to its strongest level since September 2011.Markets are pricing about an 87% chance of a Fed rate cut in September, despite firmer core PCE inflation.Technical outlook points to a potential break above $40.00, with resistance at $41.48 and $43.40, while support holds at $39.00 and the 100-period EMA.Silver (XAG/USD) extends its rally for the fourth consecutive day on Friday, with spot prices climbing to fresh 14-year highs. The metal trades around $39.85 at the time of writing, surpassing the July 23 peak of $39.53, as sustained weakness in the US Dollar (USD) and firm safe-haven demand keep buyers…

Gold reverses losses on Friday, climbing to a 2-month high near $3,450.Despite a firmer US Dollar, bullion found renewed demand as traders maintained bets on Fed easing.US Core PCE rose 0.3% MoM and 2.9% YoY in July, while headline PCE gained 0.2% MoM and held steady at 2.6% YoY.Gold (XAU/USD) reverses course on Friday, erasing intraday losses and climbing back to fresh highs. The precious metal is now trading near $3,447, its strongest level since June 16, after the US Personal Consumption Expenditures (PCE) inflation report came broadly in line with expectations. A softer tone in the US Dollar (USD)…

The Swiss Franc strengthens for a fourth straight day, sending USD/CHF toward fresh one-month lows.The US Dollar Index (DXY) slips below 98.00 as markets price in an 89% chance of a Fed rate cut in September.US July PCE report showed sticky inflation pressures alongside strong household spending.The Swiss Franc (CHF) extends its rally for the fourth consecutive day on Friday, with USD/CHF slipping toward the 0.8000 psychological mark near fresh one-month lows, pressured by a broadly weaker US Dollar (USD) despite resilient US inflation and spending data.At the time of writing, the USD/CHF pair is trading around 0.7997 in the…

Foreign currency assets fell by $3.65 billion | Photo Credit: Max Zolotukhin India’s forex reserves fell by $4.39 billion on week to $690.7 billion for the week ended August 22, according to data released by the Reserve Bank of India (RBI). In the previous week, forex reserves had jumped $1.5 billion to $695.1 billion.Foreign currency assets (FCA) – which include investment in securities, deposits with other central banks and the BIS, and deposits with commercial banks overseas—fell by $3.65 billion, standing at $582.2 billion as on August 22, whereas gold reserves fell by $665 million and stood at over $85…

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2.2% in August from 2% in July, Germany’s Federal Statistical Office reported on Friday. This print came in above the market expectation of 2.1%. On a monthly basis, the CPI rose by 0.1%.The Harmonized Index of Consumer Prices (HICP), the European Central Bank’s (ECB) preferred gauge of inflation, rose by 0.1% and 2.1% on a monthly and yearly basis, respectively.Market reaction to German inflation dataEUR/USD recovers slightly from session lows and was last seen trading at 1.1670, losing 0.1% on a daily basis.…

In the world of trading, particularly in the foreign exchange (Forex) market, investors often focus on charts, technical indicators or macroeconomic news.Yet, there’s one crucial factor that is all too often overlooked: the trader’s psychology. In other words, the state of mind, discipline, and ability to manage emotions in the face of market uncertainty.Why psychology is central to tradingContrary to popular belief, success in Forex trading is not just a matter of strategy or analysis.The same technical signals, interpreted by two different people, can lead to radically opposed decisions.The difference often lies in emotional management: fear of losing, euphoria after…

The foreign exchange market, also known as Forex, is the world’s largest financial market, with several trillion dollars traded daily. Unlike Equity markets, which are influenced by corporate results, Forex is particularly sensitive to political decisions and institutional stability.Elections, geopolitical tensions, trade policies and central bank decisions directly shape currency values.In a world where politics and economics are intertwined, understanding this link becomes essential for investors, companies and individuals exposed to currency variations.Central banks at the heart of the link between policy and currenciesCentral banks, such as the US Federal Reserve (Fed) and the European Central Bank (ECB), play a…

GBP/USD snaps a three-day winning streak, holds above 1.3450 after US PCE data.Core PCE rises 0.3% MoM, 2.9% YoY, the highest since February.Headline PCE up 0.2% MoM, annual rate steady at 2.6%.The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm. GBP/USD is finding a footing above 1.3450 during the American session, stabilizing after the release of the US Personal Consumption Expenditures (PCE) Price Index for July, which came broadly in line with expectations.Data from the Bureau of Economic Analysis showed that the Core PCE Price…

Canada’s real GDP contracted more than expected in Q2.USD/CAD trades in positive territory above 1.3770 after this data.Canada’s real Gross Domestic Product (GDP) declined by 0.4% on a quarterly basis in the second quarter, Statistics Canada reported on Friday. This print followed the 0.5% growth recorded in the first quarter.At an annual rate, Canada’s economy contracted by 1.6%, compared to the market expectation for a decline of 0.6%.Market reactionUSD/CAD continues to stretch higher after this data and was last seen gaining 0.2% on the day at 1.3775. GDP FAQs A country’s Gross Domestic Product (GDP) measures the rate of growth…

EUR/USD trades under pressure on Friday but holds steady above 1.1660 after US PCE data matches expectations.US core PCE Price Index rises 0.3% MoM, 2.9% YoY, the highest since February.Headline PCE increases 0.2% MoM, yearly rate holds steady at 2.6%.The Euro (EUR) is trading under pressure against the US Dollar (USD) on Friday, edging lower in early dealings before steadying around 1.1660 after the US July Personal Consumption Expenditures (PCE) inflation report came broadly in line with expectations.According to the Bureau of Economic Analysis, the Core PCE Price Index rose 0.3% Mom in July, matching forecasts and unchanged from June’s…