Optimistic forecasts on oil prices, nuclear talks with Iran, and upcoming OPEC+ meeting. How to trade oil these days?
Silver: pushed by Reddit
In 2010-2013, silver was above $30. Now, it's time to get back! For the first time during the last seven years, silver rises to $30 in a spectacular leap from $25 to $30 in just three days!
Among the possible reasons, observers are mentioning the echo of the situation around Reddit that moved a lot of other assets as well.
That doesn't mean it's going to be an upward march as continuous as a decade ago, though. Therefore, watch further news and apply usual analysis: very likely, the bullish trend got exhausted - at least, in the mid-term.
Also, don't forget you can trade silver in FBS Trader: as you can see in the image below, the charts there are as nice as in MetaTrader, but possibly much simpler to observe.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!