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  • 🇺🇸 Jobless Claims 4-week Average (JUL/24) Actual: 394.5K Previous: 386.5K https://www.dailyfx.com/economic-calendar#2021-07-29
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/qK5D7ioOH7
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.99%, while traders in Wall Street are at opposite extremes with 72.07%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/4U5WrXJI76
  • $Gold is loving some JPow right about now spent a week plus grinding support straight shot back up to resistance around #FOMC $GC was a big spot of support that held for an extended period of time. if this breaks out, strong signal https://t.co/CX4pUXKXsk https://t.co/0rwEYbFKGr
  • Heads Up:🇺🇸 Continuing Jobless Claims (17/JUL) due at 12:30 GMT (15min) Expected: 3196K Previous: 3236K https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:🇺🇸 Jobless Claims 4-week Average (JUL/24) due at 12:30 GMT (15min) Previous: 385.25K https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:🇺🇸 Initial Jobless Claims (24/JUL) due at 12:30 GMT (15min) Expected: 380K Previous: 419K https://www.dailyfx.com/economic-calendar#2021-07-29
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.57% 🇨🇦CAD: 0.43% 🇬🇧GBP: 0.39% 🇦🇺AUD: 0.23% 🇨🇭CHF: 0.16% 🇯🇵JPY: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HI4PJp7Aiw
  • Heads Up:🇺🇸 Core PCE Prices QoQ Adv (Q2) due at 12:30 GMT (15min) Expected: 5.9% Previous: 2.5% https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:🇺🇸 PCE Prices QoQ Adv (Q2) due at 12:30 GMT (15min) Previous: 3.7% https://www.dailyfx.com/economic-calendar#2021-07-29
Silver Market Rallies

Silver Market Rallies

Thomas Long, Course Instructor

The silver market was able to move up through the previous high of 31.13 easily last week which confirms the strong uptrend. The series of higher highs and higher lows continues as new buying interest based on risk aversion continues to come into the market. I would continue to look for buying opportunities as long as the market remains above the 26.36 low noted on the chart.

Silver_body_79050d1298379299-trend-day-silver-222.png, Silver Market Rallies

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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