- In the Economic calendar of today we can expect some volatility in AUD, CAD and USD
- At 08:30 (GMT) the Australian Government will release their yearly Budget
- At 14:00 (GMT) the Richard Ivey School of Business in Canada, will release the Ivey Purchasing Managers Index (PMI)
- The Ivey PMI captures business conditions in Canada
- The result is expected to decrease to 41considering the last month that was at 54.1
- At 14:00 (GMT) the Bureau of Labor Statistics of USA will publish the result of their survey about the Jobs Openings
- That number measures the job vacancies
- The result is expected to decrease to 6.476M considering the last month that was 6.963M
Global Indices Yesterday
Dow Jones 30: +7.7%
S&P 500: +7.03%
Nasdaq 100: +7.30%
DAX 30: +5.77%
MIB 40: +4.00%
IBEX 35: +3.99%
EURO STOXX 50: +4.99%
On the Charts
- As we can observe on the Silver daily chart, the price broke the blue downward trendline to the upside
- The price is now at 15.30, above the previous resistance (now turned to support level) at $14.72 and the 20 Days Moving Average (Orange)
- Momentum is bullish, since Rate of Change (13 periods) is above 0 and RSI is above 50
- If the price of Silver remains above the blue trendline and the $14.72 level, there is a possibility to see the price moving higher at $16.35, a previous resistance level and the 61.8% Fibonacci Retracement Level (From 18.94 to 11.64)