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On September 13, Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein spoke by phone with Iranian Foreign Minister Araqchi on September 12, local time. According to the Iraqi Foreign Ministry, the two sides discussed the reasons for Iraqs recent temporary closure of some border crossings with Iran and the subsequent arrangements, and exchanged views on the attacks on Saudi Arabia and the progress of related investigations. They also discussed a regional conference planned for Oman. Member states of the Gulf Cooperation Council, Iraq, and Iran will participate, focusing on issues related to the Strait of Hormuz. Hussein stated that Iraq supports holding the conference and will send a delegation. The two sides also exchanged views on the situation in Yemen and expressed their commitment to easing regional tensions through dialogue and negotiation.On September 13, local time, Houthi military spokesman Yahya stated that in response to Saudi Arabias continued military operation in Yemen, the Houthi rebels launched a military operation, striking an weapons depot at a military base in Saudi Arabias Shahrala region, as well as the command and control center responsible for directing and coordinating military operations against Yemen and its people. Yahya said the operation used a large number of ballistic missiles and drones, and the target was "precisely and directly struck." He warned that if Saudi Arabia continues its military operation in Yemen, the Houthi forces will launch larger-scale and more intense military operations against targets deep within Saudi territory, and Saudi Arabia will bear serious consequences.On September 13, the Prime Minister of Qatar and the Deputy Prime Minister and Foreign Minister of Jordan discussed diplomatic efforts to "de-escalate tensions and promote security and stability." Both sides stated that Qatar supports all efforts aimed at "reaching a solution that ensures freedom of navigation at sea and paving the way for a comprehensive agreement that achieves lasting peace in the region." They also discussed ways to support and strengthen bilateral cooperation.On September 13, the Saudi Civil Defense Agency issued a statement on the evening of the 12th, saying that the Tuwar district of Jazan province in Saudi Arabia was attacked by Yemeni Houthi rebels that day, resulting in two injuries and damage to several buildings and vehicles. The Saudi Civil Defense Agency stated that the attack on civilian targets was a blatant violation of international humanitarian law, and that the incident had been handled according to established procedures. On the same day, the Yemeni Houthi rebels said that Saudi warplanes had conducted 129 airstrikes on seven provinces in Yemen in the past 48 hours. The group warned that these airstrikes "will not go unpunished."On September 13th, Tesla announced a press conference scheduled for October 1st to showcase its next-generation Roadster electric sports car. This highly anticipated fall event for Tesla fans may further fuel speculation about a potential merger between Tesla and SpaceX. Teslas official social media accounts used the phrase "Go for launch," echoing SpaceXs rocket launches, and Tesla has previously used live events to generate excitement among customers and investors. The launch of the second-generation Roadster has been delayed multiple times. In its recent earnings presentation, Tesla stated that the Roadster is still in the "design and development" phase. During Teslas first-quarter earnings call in April, Musk said of the Roadster, "I think it could be one of the most amazing presentations ever."

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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