4 Global Market Updates- 26 July, 2022

 

In this article, we have covered the highlights of global market news about the XAG/USD, AUD/USD, USD/RUB and GBP/JPY.
Analysis of the XAG Price: XAG/USD holds gains towards the mid-$18.00s but is still in trouble.

On Tuesday, XAG began to trend upward and, at least temporarily, seemed to have ended a two-day losing run. Through the early European session, the white metal held onto its little intraday gains and was last seen circling the day high, in the mid-$18.00 range.

Looking at the bigger picture, the XAG/USD has been fluctuating in a well-known range during the last one to a half weeks. The rangebound price movements might be characterized as a bearish consolidation phase given the recent decline from mid-$22.00s or the June monthly high.

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