The FOMC meeting yesterday did not bring any surprises in terms of policy decisions. Interest rates were left unchanged as well as size and pace of QE programmes. Moreover, there was no mention of taper talk and Powell said that no such discussions are expected in the near future. Fed chair noted that inflation runs high but has once again claimed that it is transitory and there is no need to act. This hints at a continued period of record low real interest rates, which has hurt USD and benefitted precious metals.
SILVER managed to bounce off the mid-term support at $24.75 yesterday and the upper move is continued today. The nearest resistance zone can be found in the $26.00 area, where 200-session moving average (purple line) can also be found. Today's GDP report release at 1:30 pm BST is likely to have an impact on US dollar and therefore may also impact precious metals.
Source: xStation5
ملخص يومي: باول يُعيد الأسواق إلى مسارها! 📈 ارتفاع زوج اليورو/الدولار الأمريكي
انخفاض خام غرب تكساس الوسيط بأكثر من 2% إلى أدنى مستوى له منذ مايو
ارتفعت أسعار القهوة الآجلة بنسبة 5%، لتتجاوز 400 سنت
نظرة فنية: الذهب يتراجع من أعلى مستوى قياسي🔔