Spot Silver Price
As with spot gold prices silver prices too suffered as a consequence of Dollar strength, triggered by a dramatic fall in the price of crude oil, combining with both month end and quarter end liquidations and position squaring – a heady brew indeed. As a result spot silver lost 25 cents overall and at one point reached an inter day low of $13.458 per ounce, a price point not seen since 6th May, although silver prices did eventually recoup some of these losses and closed the day at
The EUR/GBP has been trading close to a downward trend-line during the last quarter
Good morning from beautiful Hamburg and welcome to our first Daily FX Report in July. This month starts with a depth of economic data, in special case the rate decision of the ECB tomorrow. However, we wish you a successful trading day. Market review Today the JPY declined against a basket of major currencies after the Bank of Japan Tankan survey showed that the sentiment among the largest manufacturers rebounded indeed from a record low but rose less than economists expected from minus 58 in