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June 25th - All major U.S. banks passed the Federal Reserves annual stress test, paving the way for billions of dollars in stock buybacks and dividends. This stress test assesses how Wall Street lenders would respond to hypothetical financial system shocks. Unlike previous years, the 2026 test results will not affect capital requirements, as the Federal Reserve continues to revise the test to make it more bank-friendly. This years test assessed how 32 large lenders would withstand severe global shocks under greater pressure in the commercial and residential real estate markets and corporate debt markets. Hypothetical scenarios included a severe global recession, a 39% drop in commercial real estate prices, and a 30% drop in residential prices. Unemployment would also surge to a peak of 10%, with a corresponding decline in economic output. Regulators stated, "Despite absorbing over $708 billion in loan losses under this years hypothetical scenario, total capital decreased by only 1.6 percentage points, remaining above the minimum capital requirements."June 25 - Micron Technology (MU.O) shares surged nearly 14% in after-hours trading, boosted by strong earnings. Other US chip stocks followed suit, with Marvell Technology (MRVL.O) up over 4%, Intel (INTC.O) up over 3%, ASML (ASML.O) up nearly 4%, Seagate Technology (STX.O) up 9%, and Qualcomm (QCOM.O) up 6%.Micron Technology will hold its Q3 FY2026 earnings call in ten minutes.Micron Technology (MU.O): Under the strategic customer agreements signed to date, the company expects to receive approximately $22 billion in cash deposits and related financial commitments.Micron Technology (MU.O): The company expects to gradually return all excess cash to its shareholders.

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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