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February 15th - According to foreign media reports, the European Central Bank (ECB) announced plans on Saturday to expand the accessibility of its Euro Liquidity Support Facility globally and make it a regular mechanism to enhance the international status of the euro as a single currency. Previously, such repurchase quotas were only open to a limited number of countries, primarily Eastern European countries. ECB President Christine Lagarde stated at the Munich Security Conference, "The ECB must prepare for a more volatile environment." The central bank stated that the tool will be launched in the third quarter of 2026 and will be open to all central banks globally, except for those excluded due to reputational issues such as money laundering, terrorist financing, or international sanctions. The repurchase quota is used in scenarios where banks cannot obtain financing from the market, allowing financial institutions to borrow euros from the ECB using high-quality assets as collateral and repay the principal and interest upon maturity. The new tool will provide a regular access quota of up to €50 billion.Market sources say Meta Platforms (META.O) is reportedly considering developing facial recognition technology for its smart glasses and plans to add this feature as early as this year.February 15th - Ukrainian President Volodymyr Zelenskyy stated in Munich, Germany on the 14th that Ukraine is willing to reach an agreement that brings genuine peace, and that a dignified end to the conflict is crucial for Ukraine. Zelenskyy said that Europes absence from the negotiations on the Ukraine issue was a "huge mistake," and that Ukraine is trying to ensure full European participation in the negotiation process so that European interests and voices are considered. He also said that Ukraine will do everything possible to ensure the smooth progress of the negotiations and maintain regular contact with US representatives. Zelenskyy also stated that any arrangement to end the Russia-Ukraine conflict must be premised on clear and strong security guarantees; otherwise, so-called peace will be unsustainable. Zelenskyy emphasized that Ukraine needs "real and enforceable security guarantees," not vague promises. "Security guarantees should take precedence over a ceasefire agreement."US Secretary of State Marco Rubio: Met with Zelensky on security issues in Ukraine and to deepen defense and economic partnerships.On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.

Silver Price Prediction - Silver Price Increased Due to Weak Dollar

Alina Haynes

May 12, 2022 11:03

On Wednesday, silver prices increased alongside the other precious metals. As yields decreased, the dollar declined. In spite of stronger-than-anticipated headline and core CPI reports, Benchmark rates declined today. Gold prices rose as the currency weakened.

CPI Rose Greater Than Anticipated

Wednesday, the U.S. Labor Department revealed April's CPI. The headline CPI came in at 8.3%, slightly lower than March but higher than the 8.1% experts had predicted. The study also revealed that the core CPI, excluding food and energy, rose by 6.2% year over year, which was greater than anticipated. The month-over-month growth also exceeded projections. The Bureau of Labor Statistics (BLS) stated that April inflation grew 0.3% on the headline CPI, compared to the 0.2% expected, and 0.6% on the core CPI, compared to the 0.4% expected gain.

Technical Evaluation

After falling, silver prices recovered, reclaiming short-term support near the September lows at 21.42.

 

Near the 20-day moving average of 23.52, there is observed to be resistance. The 20-day moving average has fallen below the 50-day moving average, indicating a medium-term decline. As indicated by the fast stochastic crossover buy signal, near-term momentum has turned positive. Prices are oversold since the fast stochastic is displaying a value of 13 below the oversold threshold of 20.

 

The medium-term momentum has become negative as the histogram and MACD both print in a negative direction (moving average convergence divergence). The MACD histogram is moving in a negative direction, reflecting the downward trend in price movement.

 

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