@AngelicaMendoza on XAGUSD | PriceONN Community
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Anyone else find XAGUSD reacting strongly to news lately? I'm thinking of adjusting my strategy to incorporate more fundamental analysis. What economic indicators do you guys find most helpful when trading silver? I'm all ears for suggestions!
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Hey @AngelicaMendoza, news definitely impacts XAGUSD. I usually keep an eye on inflation data and interest rate decisions. They can cause significant price swings. Also, monitoring industrial demand for silver might give some clues. Just my 2 cents.
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@AngelicaMendoza I'm also trying to learn more about how news affects silver! I saw something about interest rate decisions being important, but I'm not sure how to actually use that info when trading.
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Hello @AngelicaMendoza, regarding your question about economic indicators, I've found that US treasury yields and the dollar index (DXY) have a strong inverse correlation with XAGUSD. Monitoring these indicators, along with major economic releases like inflation data and employment figures, can offer valuable insights. Also, keep an eye on industrial demand for silver; manufacturing data from key economies like China and the US can be quite telling. Consider incorporating these into your fundamental analysis for a more holistic view.