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The Dollar Index was under pressure today, dropping to 95.50. Among the Majors, the commodity currencies were seen gaining the most against the greenback.
Among the Commodity instruments, Silver was seen continuing its bullish momentum. The instrument reached a high of $21.09 before pulling back. Silver was last seen at $20.04 for a gain of 1.6%. Gold has continued to diverge from Silver, and gains seen in the yellow metal were limited to 0.73%.
Oil prices were seen declining, WTI was last seen $48.78 after failing an early week rally towards the psychological $50 handle. The instrument has managed to remain above its 20 period MA, and a breach higher is likely to trigger stop losses.
Among the Commodity instruments, Silver was seen continuing its bullish momentum. The instrument reached a high of $21.09 before pulling back. Silver was last seen at $20.04 for a gain of 1.6%. Gold has continued to diverge from Silver, and gains seen in the yellow metal were limited to 0.73%.
Oil prices were seen declining, WTI was last seen $48.78 after failing an early week rally towards the psychological $50 handle. The instrument has managed to remain above its 20 period MA, and a breach higher is likely to trigger stop losses.
