The optimism around the Aussie Dollar (AUD) remains unabated, always underpinned by the cautious/hawkish stance from the RBA, all leaving the door open to extra gains in AUD/USD in the short-term horizon.
The market’s sudden interest in Silver came as a tornado, having no mercy and leaving nothing in place on its way to record highs. The white metal was worth around $30 per ounce in mid 2025, ending November at roughly $70 to reach its zenith in January at $121 per ounce.
The USD/BRL has been traversing lower depths for a few days as the currency pair has correlated to the broad Forex market, yesterday’s close near the 5.1985 ratio will cause speculators to watch its opening today with anticipation.
The silver market continues to be very noisy, as we are looking to figure out whether or not the markets can turn things around.
The Aussie dollar has pulled back just a touch during the early hours of trading on Tuesday as the same ceiling continues to frustrate the bulls in this pair.
The US dollar has rallied slightly during the early hours here on Tuesday as we are sitting at a major bottom that could open up. This is a market that continues to pay you for being short.