Silver Price Forecast: The technical set-up seems tilted firmly in favour of bearish traders and supports prospects for an extension of the ongoing depreciating move for the silver (White Metal). Hence, a subsequent slide below the $21.00 mark, towards challenging the YTD low around the $20.45 area touched on May 13, now looks like a distinct possibility.
Stock Recommendations By Neal Bhai [13-06-2022]
Stock Recommendations For Today: Asian stocks dropped and bond yields surged on Monday following a fresh high in American inflation that heaped pressure on the Federal Reserve to intensify monetary tightening.
Gold Price Outlook: Gold Strong Hurdle $1,885 | Focus Shifts To Fed
Gold Price (Yellow Metal) pulls back to $1,878, after rising to the highest levels since May 09, during Monday’s Asian session. The precious metal’s latest weakness could be linked to the US dollar’s broad gains ahead of this week’s Federal Reserve (Fed) monetary policy meeting, as well as the risk-off mood. Additionally, a short-term trend line resistance also challenges the bullion buyers.
Nifty Technical Weekly Forecast: Sell on Rise [11-06-2022]
It was another poor week for bullish traders. Started weak and then continued lower to finish poorly too. Now, where have I heard that song before?
Gold Price Outlook: Fed expected to hike its policy rate by 50 bps next week
Gold Price Outlook: Next week, the Federal Reserve is widely expected to hike its policy rate by 50 basis points to the 1.25%-1.5% range. The Fed remains on track to opt for another 50 bps rate increase in July and it shouldn’t be a surprise if that’s confirmed.
Current USD cycle has likely peaked
“The current USD cycle has likely peaked. The US Federal Reserve may be on track to deliver further rate hikes, but markets are now reassessing how high the fed funds rate will go, considering the sharp tightening in financial conditions.”
No Doubt About 50 Bps Hike by Fed
At its event next week, the Federal Reserve is forecast to raise the FFTR by 50 bps, comments Economist at UOB Group Lee Sue Ann.