EUR/USD 1.15170
-0.096%
Gold 4067.48
-0.240%
Oil 57.875
-1.402%
USD/JPY 156.388
-0.680%
GBP/USD 1.31046
0.247%
GBP/JPY 204.943
-0.427%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 22, local time, Alexander Khinstein, governor of the Kursk Oblast in Russias border region, stated via social media that a substation in the Borovsky district of Relysk was attacked by Ukrainian forces, causing two boiler rooms to cease operation and resulting in a power outage for approximately 3,000 customers. Preliminary reports indicate no casualties. There has been no response from Ukrainian authorities at this time.November 22 - At the Peak Aviation Global Technology Day held on November 22, it was learned that Peak Aviation has accumulated 2,000 eVTOL commercial orders, of which 300 are confirmed orders by the end of 2025.On November 22, ICBC Credit Suisse Asset Management issued an announcement regarding changes in senior management, stating that Yang Fan will serve as the companys General Manager effective November 21, 2025, and Zhang Hua will serve as the companys Deputy General Manager effective November 21, 2025. The announcement stated that the aforementioned changes were reviewed and approved by the 5th meeting of the Board of Directors of ICBC Credit Suisse Asset Management Co., Ltd. in 2025, and have been filed with regulatory authorities as required.November 22nd - Since Japanese Prime Minister Sanae Takaichi took office, market enthusiasm has rapidly subsided. In the past week, the market capitalization of Tokyo-listed stocks evaporated by approximately $127 billion, the yen continued to weaken, and Japanese bond yields soared. Even more unsettling for the market is the rapidly decreasing likelihood of a short-term interest rate hike by the Bank of Japan. Interest rate swap market data shows that the probability of maintaining the current interest rate in December has surged from about 30% before Takaichis election victory in early October to 80%. Rodrigo, a currency strategist at National Australia Bank, stated, "The market has become numb to verbal intervention from Japanese officials. The yen is becoming a toy in the hands of speculators." George, global head of foreign exchange research at Deutsche Bank, even warned that Takaichis spending plans could trigger disorderly capital flight. Meanwhile, Idana, an investment manager at First Eagle, frankly stated, "Considering tariffs and the current situation, the Japanese economy is actually performing well; now may not be the time to significantly increase fiscal stimulus."On November 22nd, Nick Timiraos, a well-known voice within the Federal Reserve, wrote that Trump stated this week that he expects interest rates to fall significantly after appointing a new Fed chairman next May. However, internal opposition to a December rate cut is growing, meaning his wish may be difficult to fulfill. Whether Powell chooses to hold rates steady or cut rates in December, he faces the most severe internal resistance in his nearly eight-year term. This division could extend into next year, meaning that even a change of chairman does not guarantee more rate cuts. Some worry that if Trump fails to achieve his goal, he may resort to more aggressive measures to weaken the central banks independence in exchange for rate cuts. For over 30 years, Fed chairs have sought the broadest possible consensus on interest rate decisions, with no decision passed by a narrow majority. But the December meeting is highly likely to see three or more dissenting votes. Evercore ISI economist Krishna Guha stated, "We are witnessing a breakdown in the decision-making process, and next year we may see a serious split within the committee. (December) feels like a preview of 2026." This suggests an unprecedented prospect: monetary policy outcomes may be decided by a very rare, narrow majority (rather than the long-standing tradition of pursuing broad consensus), and the new chairman appointed by Trump may not be able to control the situation every time.

Silver Markets Face the Same Headwinds, According to Our Silver Price Predictions

Daniel Rogers

Jun 17, 2022 11:33

 18.png

 

The silver market has opened higher on Thursday, despite the fact that the markets as a whole remain quite volatile. Silver is unpredictable under the best of situations, so it does make a lot of sense that this market finds itself trying to rise to the $22 level again. The $22 level is an area that has been like a magnet for pricing, so it would not surprise me at all to see a bit of hesitancy. In the event that we break above that level, the market will have to contend with the 50-day exponential moving average (EMA).

 

All else being equal, this is a market that continues to find quite a deal of downward pressure, especially since we have just created a significant “H pattern.” If we were to break over the 50 Day EMA, then it may open up a greater move, and breaking above the $23 mark might flip the whole thing around. That said, the bond market and the US dollar will almost certainly have a significant impact on the market. Keep an eye on the US Dollar Index, which has a strong negative association with silver most of the time.

 

Trading Derivatives includes a high level of risk to your capital and you should only deal with money you can afford to lose. Trading Derivatives may not be suited for all investors, so please ensure that you fully appreciate the risks involved, and get independent advice if required. You can get a Product Disclosure Statement (PDS) through this website or by contacting our offices, and doing so is highly recommended if you want to do business with us. Raw Spread accounts provide spreads from 0.0 pips with a fee charge of USD $3.50 every 100k transacted. Spreads start at 1 pips, and there are no additional commission fees with a standard account. Spreads for CFD indices start at 0.4 points. The material on this site is not aimed towards people in any nation or jurisdiction where such distribution or use would be contrary to local law or regulation.

 

On the downside, the market falling down below the $20.50 level opens up fresh selling, and potentially an effort to move down to the $20 level. If the price of silver breaks through that level, it will throw the market into a tailspin as major selling pressure is released. At this time, I feel that it is more likely than not going to be a “fade the rallies” sort of marketplace.


Suggestion