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FxWirePro: Silver hovers around $15.00 mark, U.S. retail sales data in focus

  • XAG/USD is currently trading around $14.99 marks.
     
  • It made intraday high at $15.00 and low at $14.91 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at $14.98 mark.
     
  • A daily close above $14.98 will test key resistances at $15.09, $15.22, $15.32, $15.40, $15.57, $15.62 and $15.84 marks respectively.
     
  • On the other side, a daily close below $14.94 will take the parity down towards key supports at $14.87, $14.68, $14.52 and $14.40 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take long position on XAG/USD around $14.98, stop loss at $14.87 and target of $15.09/$15.22.

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May 27 01:30 UTC Released

CNSales Turnover

Actual

-3.7 Percent

Forecast

Previous

13.9 Percent

May 27 01:30 UTC Released

CNTurnover/sales cum Y/Y

Actual

-3.4 Percent

Forecast

Previous

-3.3 Percent

January 31 00:00 UTC 692776692776m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692776692776m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 704596704596m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 692776692776m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 704596704596m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 692776692776m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692776692776m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692776692776m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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