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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
  • Airline stocks retracing losses, some already in positive territory, despite the large sell-off in the market. News that the US will overhaul its COVID-19 travel rules and lift some restrictions are good news for the airline industry $JETS $UAL $AAL $ALK
  • The S&P 500 have taken a clear dive to start the week and fear of full risk aversion is gaining traction. DailyFX's @JohnKicklighter discusses what to expect in the markets this week!
  • $USD still pulling back from resistance. 93.43 was the Q1 swing high, still playing a role in $DXY support potential around prior res, ~93.20
  • despite the theatrics elsewhere, $Gold has held last week's low through this week's open, at least so far even getting a bump higher. resistance potential 1769-1775 $GC $GLD
  • While there is no doubt a risk aversion wave at play now, it can still burn itself out with years of complacency and the expectations of Fed on Wed (anticipation can take the wind out of sails). But if/when the Dollar takes off pre-FOMC, that would be.
  • Bitcoin probing Fibo support zone ~42,588 #Bitcoin $BTCUSD
  • EUR/USD extends the series of lower highs and lows from the previous week as European Central Bank (ECB) officials defend the dovish forward guidance for monetary policy. Get your $EURUSD market update from @DavidJSong here:
  • There are reasonable disputes over where technical boundaries exist from people with different views, charts, time frames, etc. I think this $SPX gap down and drive below the 50-day SMA clearly qualifies as a break
  • Some people like a quiet market that edges higher consistently day in and day out. I am not one of those people. I like volatility
  • 🇺🇸 NAHB Housing Market Index (SEP) Actual: 76 Expected: 74 Previous: 75
Silver Prices Technical Analysis: In a Holding Pattern

Silver Prices Technical Analysis: In a Holding Pattern

Paul Robinson, Strategist

What’s inside:

  • Silver prices moving sideways, but bearish sequence on short-term chart could develop
  • Sharp reversal last week at resistance still suggests weakness to lie ahead
  • Waiting for further developments and UK vote results

On Tuesday, the last time we discussed silver we noted it price action as bearish given it was rolling over beneath a rising parallel of importance. It sold off, and for a moment it broke the swing low created at 17.13 on 6/16, but has since recovered a bit to where silver was trading two days ago.

The spike high and reversal on 6/16 into a confluence of overhead resistance still leaves us in the bear-camp, but we will need to see short-term price action continue to back up our bias.

If silver turns lower from around here or a short distance above, then a lower high, descending wedge sequence will be under development.

The trigger for a short if the series of lower highs continues will be a clean break below 17.13/08 support on a 1 to 4-hr closing bar basis.

If silver fails to break below support, then at some point we will need to consider bullish alternatives, but with longer-term resistance looming up to 18 we are hesitant to turn too friendly towards the metal at this time.

Silver 2-hr [Daily]

Silver Prices Technical Analysis: In a Holding Pattern

Today is the big day in the UK, throughout it voting will take place to decide on whether Britain leaves the EU or not, tomorrow we will get the final results. The FTSE and pound are suggesting a favorable outcome for the ‘remain’ camp, but risk will remain high until we know for sure. While precious metals aren’t at the epicenter, they certainly will be impacted, especially if markets are shocked with a ‘leave’ result.

With that said, we’ll reserve ourselves until next week. But, should silver play out in a manner similar to as just described, we’ll be ready to take action.

Find out what separates successful traders from the rest in our free guide, “Traits of Successful Traders”.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX, and/or email him at

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