EUR/USD
1.16370
-0.157%
Gold
4543.45
-0.497%
Oil
101.974
-0.036%
USD/JPY
158.969
0.076%
GBP/USD
1.34067
-0.193%
GBP/JPY
213.130
-0.114%
Real-time News
May 19th Futures News: Economies.com analysts latest view: Spot silver prices fell in recent intraday trading after failing to break through the $78.35 resistance level, which remained firm, causing prices to retreat again. This movement occurred against the backdrop of a clear corrective bearish wave dominating the market in the short term. Meanwhile, the 50-day moving average (EMA) continues to exert negative dynamic pressure on prices, with spot silver prices consistently below it, further reducing the likelihood of a full rebound in the short term. Furthermore, the Relative Strength Index (RSI) has begun to show a negative crossover after the price action became extremely overbought, indicating a bearish divergence signal, which increases the probability of continued selling pressure and further declines.On May 19th, the Sino-European jointly developed Solar Wind-Magnetospheric Interaction Panoramic Imaging Satellite (SMILE) was launched into space today from the Kourou Space Centre in French Guiana by a Vega-C rocket. The satellite successfully entered its predetermined orbit, is in normal condition, and its solar panels have deployed, marking a complete success for the launch mission. The SMILE mission is the first comprehensive and in-depth space science exploration mission jointly undertaken by the Chinese Academy of Sciences (CAS) and the European Space Agency (ESA), and it is also the final project of the CAS Space Science (Phase II) Strategic Priority Research Program.On May 19th, two economists from Barclays FICC research division stated in a research report that Japans stronger-than-expected first-quarter GDP may support a June interest rate hike by the Bank of Japan. Preliminary data released earlier showed that Japans real GDP grew at an annualized rate of 2.1% in the first quarter, exceeding Barclays and market consensus expectations. Barclays raised its GDP growth forecast for Japan in fiscal year 2026 from 0.7% to 0.9%. The economists maintained their baseline scenario, predicting a June rate hike by the Bank of Japan, and continued to expect further rate hikes in October 2026 and April 2027, ultimately reaching a rate of 1.5%.On May 19th, HSBC economists Janet Henry and Besson Ellis noted in a report that even if the US and Iran reach a peace agreement in the short term, more central banks are expected to raise policy rates. They stated that even if the Strait of Hormuz reopens quickly, the risk of supply shocks and their impact on global inflation and growth will persist. Current rate hikes are more about credibility. The central banks of Australia and Norway were already facing inflationary pressures before the conflict and hope that the May rate hike will be the last. The European Central Bank and the Bank of England may begin raising rates in June or July, and if the Federal Reserve raises rates, more emerging market economies may tighten policy. HSBC expects the Philippines to raise rates further and anticipates India and Indonesia to raise rates in the second half of the year.HSBC raises its target price for Micron Technology (MU.O) from $750 to $1,100.
