Silver prices jumped across the upper band line, indicating a strong rally. However, at the opening, the price was still steady in the range of 64,735, RSI level 78, indicating the price entered the overbought zone level on the hourly timeframe.
Thursday's US economic data disappointed, unemployment claims were higher than expected, giving a negative boost to the USD. Today awaits the release of US data on average earnings, NFP, and unemployment rate.
The EURUSD appears to be moving within a range today, with the market waiting for the CPI release, which is expected to be higher than previously reported. DXY is still stable below the EMA
The US dollar weakened yesterday after the release of lower-than-expected PPI data, and more, unemployment claims data less support to USD. USDJPY decline reflects the strengthening of the Japanese Yen.
Bitcoin price yesterday fell to near the preceding support around $104k. In the daily timeframe this is near the previous day's low. and may be the support zone level.
EURUSD breaks the upper band on the hourly timeframe, BB line expands, indicating rising market volatility. Israel-Iran war supports USD strengthening for now.
USD strengthens in Asia, price breaks high, open buy here with stop-loss. WW3 becomes a trending topic on the X platform after Trump attacks Iran nuclear site.
Today waiting for PCE data, which is the Fed's clue on interest rate policy. USD weakened yesterday, and tried to open a sell USDCHF pair when RSI and %R were at an overbought level in the M15 timeframe.
Amid the Powell and Trump dispute over interest rates, the Swiss Franc is strengthening against the USD, This safe-haven currency is still the choice of investors amid the current US economic uncertainty because Trump's tariff policy is holding Powell back from cutting interest rates until the target data achieved
USDJPY rose yesterday due to US data that supported the rise of the USD Today is the US bank holiday to commemorate Independence Day; USD transaction volume may decrease
