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Silver Price Analysis – Silver Eyes 50-Day EMA as Yield Headwinds Loom
The silver market has rallied a bit during the early part of the trading session on Thursday, as we are well above the $60 level. The jobs number coming out on Thursday, of course, has made this a very strange trading session, as the jobs report was pushed forward due to the Independence Day holiday that will technically be on Saturday, but typically, on Friday, Americans leave the office, and of course, it’ll be a bank holiday. With that being said, this is a market that is rallying and trying to get back towards the 50-day EMA. Evaluating Macro Headwinds and Long-Term Supply Deficits I think this is a situation ... (full story)
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From fxstreet.com | 3 hr ago
Silver (XAG/USD) climbs to the top of its weekly trading range on Thursday as the US Dollar (USD) slides to a two-week low after US Nonfarm Payrolls (NFP) data surprised to the downside. At the time of writing, XAG/USD trades around $61.15, up nearly 3.50% on the day. Data released by the US Bureau of Labor Statistics (BLS) showed the US economy added just ...
Both total nonfarm payroll employment (+57,000) and the unemployment rate (4.2 percent) changed little in June, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, social assistance, and health care. Leisure and hospitality lost jobs. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note. 
U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday. Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast. The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June.
U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday. Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast. The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June.
From dailyforex.com | 9 hr ago
Longer term, I am bullish on silver, but I also recognize there are several things to work through at the moment. The silver market continues to be very noisy, and we continue to dance around the $60 level. The $60 level is a large, round, psychologically significant figure, an area that I think will continue to be important, but it's also worth noting that ...
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- Jul 2, 11:46am | 2 hr 27 min ago Posted byTechnical Analysis41
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