FxAnalysis

A breakdown meets ascending support, but how will today’s US economic data impact price action after a disappointing UK print?

Silver rallied above $40 on Tuesday, with speculators fueling sharp momentum, though questions remain about sustainability at these elevated levels.

Gold surged toward $3,500 on Tuesday, breaking resistance as speculators fuel momentum while long-term investors continue to see it as a hedge against inflation.

The US dollar bounced against the yen on Labor Day, with USD/JPY consolidating between ¥146.50 and ¥148.50 as traders weigh Fed cuts against Japan’s bond market risks.

Ripple sits at a decisive support level near $2.70, with traders watching for either a bearish breakdown or a bullish reversal above $3.

USD/MXN remained range-bound on Monday’s thin Labor Day trading, with support at 18.50 and resistance at 19.00 setting up the next decisive move.