Articles by: Brian McColl

Silver Rally Extends on Ceasefire and Soft US Inflation

Key Moments: XAG/USD trades around $75.80 per troy ounce in Asian hours, marking a second consecutive day of gains. Read more

Pound Near Highs as Safe-Haven Flows Pressure USD Now

Key Moments GBP/USD trades around 1.3450 in Asian hours after modest prior gains as demand for the US Dollar softens. Reports of a tentative 60-day US-Iran ceasefire extension and mine-clearing plan in the Strait of Hormuz weigh on safe-haven flows. Softer US PCE inflation data and cooling UK indicators temper expectations for aggressive rate hikes […] Read more

Key Technical Levels Put South African Rand at Crossroads

Key Moments Societe Generale analysts note the USD/ZAR downtrend paused after an interim low near 15.63 in January. The pair has remained constrained below its 200-day moving average and a recent resistance area around 16.80/16.92. A break below the April low of 16.12 could signal a renewed downtrend, while the SARB is forecast to lift […] Read more

GBP/JPY Pulls Back After Oil-Fueled Risk Jitters Lift Yen

Key Moments GBP/JPY recovered to the 213.80 region after touching a weekly low at 213.33, but remained lower for a fourth straight session. Heightened US-Iran tensions and rising Oil prices have added pressure on the Yen, linked to concerns over Japan’s oil-importing economy. Technical signals point to a corrective downturn, with RSI slipping toward the […] Read more

USD/CAD Hits Multi-Month High as Dollar Strength Prevails

Key Moments USD/CAD extended its move higher for a third straight session, reaching the 1.3870 area, the highest level since April 13. The pair held firm despite a recovery in Crude Oil prices, which typically supports the Canadian Dollar and can limit USD/CAD gains. Technical signals remained firmly bullish after a clear break above the […] Read more

Silver Drops to Multi-Week Low as Dollar Rises Sharply

Key Moments Silver (XAG/USD) dropped to around $72.30 in early European trading, its weakest level since May 6. Fresh US military strikes in Iran and stronger crude oil and US Dollar prices pressured the USD-denominated metal. Technically, XAG/USD remains below key moving averages, with initial resistance at $77.95 and first support at 71.22. Geopolitical Tensions […] Read more