Analyzes

Silver is traversing long-term highs and is coming within sight of historic realms as it trades near $49.9000 a couple of days before October starts.

The USD/INR has seen more dynamic upside in the past week, this came after a rather predictable rise in the currency pair which started to occur in early September and built steam as trade negotiation problems between India and the U.S grew worse.

The EUR/USD is near the 1.17250 mark as of this writing, this as September’s trading finishes and October gets ready to start in a couple of days.

The USD/ZAR is near the 17.25250 ratio as of this morning, this as the currency pair continues to press upon its lower realm and produces a solid bearish trend which has been rather consistent since the 1st of August.

The euro rose modestly against the US dollar on Monday but remains neutral, with 1.16 as key support and 1.18–1.20 as critical resistance.

The Australian Dollar rebounded from key 0.6550 support, with momentum building toward 0.6650, though downside risks remain if support breaks.