Search results for U.S. dollar index
Crypto
Silver price jumps on weaker dollar, eyes return to $121 record high
Global silver (XAG) prices have risen by about 3 percent on a weaker dollar and a break above a key technical resistance area, drawing attention to whether they can retake the record-high $121 level last seen in January. Analysts link the rebound to a falling U.S. dollar index and fast short-covering in futures. Technically, silver is around $79, above $78 resistance. A break above $90 could open $99 and then $121, while a drop below $78 risks $60 to $64.
Finance
Silver price rebounds on weaker dollar, market eyes $84
Silver has rebounded 33 percent over the past three weeks, but an analysis says a shift in trend depends on breaking above $84.29. Silver has risen 7.2 percent in the past week and trades around $79.50 an ounce. A weaker dollar and softer inflation expectations helped support the move, while options indicators suggest fewer bearish bets and elevated volatility. Failure to clear $84 could keep prices rangebound.
Crypto
Bitcoin tries to break above $90,000; FOMC outcome key variable
Bitcoin is trying to break above the $90,000 resistance level, with the U.S. Federal Reserve’s rate decision seen as a key market variable, Cointelegraph reported. Markets are pricing in a near-certain hold in U.S. policy rates, and forecasts warn bitcoin could fall sharply if it fails to hold support around $80,000 to $84,000. A weaker dollar could support bitcoin, while $90,000 to $94,000 is cited as near-term resistance.