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Silver price (XAG/USD) retreats late in the North American session, down by over 6.80% in the day, poised to finish the week with losses of more than 15.70%, posting its second-largest weekly loss since the one that ended down 17.39% on January 30. At the time of writing, XAG/USD trades at $67.89.XAG/USD Price Forecast: Technical OutlookAlthough turned bearish this week, Silver remains upward biased as long as the bulls keep spot prices above the February 6 swing low of $64.10. In the short term, XAG/USD turned negative after falling below the 100-day SMA at $72.55, which exacerbated a drop below…
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on March 18, 2026.Angela Weiss | Afp | Getty ImagesThe Russell 2000 has fallen more than 10% off its recent high, becoming the first of the major U.S. benchmarks to fall into correction territory in 2026. The small-cap index closed down 10.9% from its all-time high on Friday. A correction is defined as a decline of more than 10% and less than 20%.Stock Chart IconStock chart iconRussell 2000, 1-year Small caps actually outperformed to start the year, with the Russell…
The US Dollar (USD)i weakened this week, with the US Dollar Index (DXY) slipping back below 100.00 to 99.60 on Friday after a surge in the middle of the week driven by the Federal Reserve’s (Fed) decision to hold rates in the 3.50%-3.75% range. The war in Iran is nearing the end of its fourth week, with the Strait of Hormuz still effectively closed as Oil prices remain high. Reports indicate that the Pentagon is deploying thousands of additional Marines to the region, suggesting that a swift resolution is unlikely. Additionally, Fed’s Chair Jerome Powell has cautioned that inflationary pressures…
Shares of Super Micro fall, though the company itself was not named in the federal indictment that charged Wally Liaw and two others
The AUD/USD pair trades in negative territory near 0.7080 during the Asian trading hours on Friday. The Australian Dollar (AUD) softens against the US Dollar (USD after Australia’s unemployment rate increased in February. Data released by the Australian Bureau of Statistics (ABS) on Thursday showed that Unemployment Rate climbed to 4.3% in February from 4.1% in January. The figure came in above the market consensus of 4.1%. The weaker Australia’s employment data cooled expectations for interest rate hikes from the Reserve Bank of Australia (RBA), which could weigh on the Aussie. Money markets lowered the probability of a May 2026 rate hike from…
The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.”
USD/CHF depreciated after registering over 1% gains in the previous session, trading around 0.7920 during the Asian hours on Thursday. The pair moved little after the Swiss National Bank (SNB) decided to keep its interest rate flat at 0% in the first quarter of 2026, as widely expected. Traders will likely observe the SNB Press Conference later in the day.The SNB Monetary Policy Assessment indicated a greater willingness to intervene in FX markets amid the Middle East crisis, aiming to curb excessive Swiss Franc (CHF) appreciation and safeguard price stability. The economic outlook for Switzerland remains uncertain in the months…
An eagle is seen framed though construction fence on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on September 16, 2025 in Washington, DC, U.S.Kevin Dietsch | Getty Images News | Getty ImagesThe Federal Reserve is still expecting to cut interest rates once this year in spite of a spike in oil prices from the Iran war. The central bank’s so-called dot plot, which shows the anonymous expectations of the 19 individual members, showed a median estimate of 3.4% for the federal funds rate at the end…
Governor Tiff Macklem took questions from reporters, offering markets a clearer read on the central bank’s thinking. His remarks came after the widely anticipated decision to leave the policy rate unchanged at 2.25%.BoC Macklem press conference highlightsIf the Iran conflict persists, we could see shifts in the composition of growth.The impact of the Iran conflict on Canada’s economy will depend on its duration.We have some time to assess the implications of the Iran conflict.We will take rate decisions one meeting at a time.If we start to see core measures go up, that’s a sign inflation is spreading.We’re getting better at…
Olive Garden parent Darden Restaurants reports earnings this week amid concerns over rising oil prices and a strike at a large U.S. meatpacking plant.