News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Singapore stock market saw institutional money inflow for 4 weeks in a row, with S$ 329 million pumping in last week. Fund manager's top picks include banks, aviation, real estate and entertainment stocks - SGX data https://t.co/OuYnUxbCaG https://t.co/oA3F7M24sV
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.30% 🇦🇺AUD: 0.28% 🇪🇺EUR: 0.27% 🇨🇦CAD: 0.25% 🇨🇭CHF: 0.22% 🇯🇵JPY: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/cvhJ5cA6PH
  • Heads Up:🇦🇺 RBA Interest Rate Decision due at 03:30 GMT (15min) Expected: 0.10% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2020-12-01
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.24%, while traders in NZD/USD are at opposite extremes with 73.51%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/CgvQhYDWbr
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3IBcEu https://t.co/xwtE3mUyHw
  • Japanese Finance Minister Aso says overall the financial system is stable - BBG
  • Join @DanielGMoss's #Webinar at 10:00 PM ET/3:00 AM GMT for his weekly coverage of trading prep for $AUDUSD in the week ahead. Register here: https://t.co/wi1qabrtHJ https://t.co/jNyYJ2yATp
  • South Korean President Moon Jae-in: - Revised GDP shows swift economic recovery underway - Retail investors have supported the South Korean stocks markets - BBG
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/mAKl7spDmH
  • Wall Street Futures Update: Dow Jones (+0.513%) S&P 500 (+0.628%) Nasdaq 100 (+0.755%) [delayed] -BBG
Silver Prices Begin to Outpace Gold - Not a Good Sign for USD

Silver Prices Begin to Outpace Gold - Not a Good Sign for USD

2016-04-15 12:30:00
Christopher Vecchio, CFA, Senior Strategist
Share:

Talking Points:

- USDOLLAR Index continuing to fail against daily 21-EMA.

- Silver tends to outpace Gold (CFD: XAU/USD) during periods of broad strength in precious metals, weakness in US Dollar.

- As market volatility rises, it's a good time to review risk management principles.

Silver prices have started to outpace Gold prices - which if it continues, would be historically good for precious metals and foreboding for the US Dollar. This matters greatly for the USDOLLAR Index, currently battling to uphold support against the September and October 2015 swings lows.

Chart 1: Gold Prices versus Silver Prices (Performance Since Third Week of January 2016)

Silver Prices Begin to Outpace Gold - Not a Good Sign for USD

Recent price action in Silver and Gold is worth watching over the coming days as further gains by Silver relative to Gold could indicate the potential for greater US Dollar declines moving forward.

Chart 2: Silver Prices Outpace Gold Prices to the Upside... (2005 to 2011)

Silver Prices Begin to Outpace Gold - Not a Good Sign for USD

Chart 3: ...Silver Prices Underperform Gold to the Downside (2011 to 2016)

Silver Prices Begin to Outpace Gold - Not a Good Sign for USD

See the above video for trade implications and technical considerations in SPX500, USD/CAD, GBP/USD, Crude Oil, EUR/USD, USD/JPY, and the USDOLLAR Index.

Read more: Now Fueled by Weaker EUR & JPY, Global Equities Run Higher

If you haven't yet, read the Q2'16 Euro Forecast, "EUR/USD Stuck in No-Man’s Land Headed into Q2’16; Don’t Discount ’Brexit’," as well as the rest of all of DailyFX's Q2'16 quarterly forecasts.

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher's e-mail distribution list, please fill out this form

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

DISCLOSURES