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Market news: Iran announced a new round of attacks on US and Israeli bases.Market news: Ukrainian President Zelensky has arrived in France and will meet with Macron.On March 13th, according to Qichacha APP, Guangzhou Xiaopeng Motors Technology Co., Ltd. recently applied for and published a patent for "Method, Device, Equipment and Storage Medium for Gait Adjustment of Robots". The patent abstract shows that this invention relates to the field of intelligent robots, disclosing a method, device, equipment and storage medium for gait adjustment of robots. The method includes: acquiring target sampling points on the feet of a humanoid robot, as well as the coordinate values and terrain elevation data corresponding to each target sampling point; calculating the landing point report value of the humanoid robot based on the coordinate values and terrain elevation data corresponding to each target sampling point; acquiring the maximum value of terrain elevation data within a preset radius for each target sampling point, and calculating the step-kicking report value of the humanoid robot based on the coordinate values and the maximum value of terrain elevation data; and adjusting the gait of the humanoid robot based on the landing point report value and the step-kicking report value. This invention, by acquiring the coordinates of target sampling points and terrain elevation data, and calculating two types of report values—landing point and step-kicking—guides the humanoid robot to make precise gait adjustments, improving the robots autonomous movement adaptability and stability in complex terrains such as stairs.On March 13th, Apple announced adjustments to its App Store commission policy in mainland China. What are the benefits of this reduction in the "Apple tax"? Liu Xingliang, Dean of the DCCI Internet Research Institute, stated that in the short term, Chinese Apple users will hardly feel the difference. Apple is reducing the commission it charges developers, not directly lowering prices for users. However, developers are paying 5% less in the "Apple tax," and if they are willing to share this reduction, some memberships, game top-ups, and digital content may become cheaper in the future. Furthermore, in the long run, its good for the ecosystem. Lower commissions help alleviate tensions between developers and Apple, encouraging more apps and services to operate on the iPhone.March 13th - UK GDP grew 0% month-on-month in January, below the 0.2% increase predicted by economists in a Reuters poll and also lower than the 0.1% increase in December. The UK economy failed to grow in January, giving it a weak start to the year, even before the global energy shock triggered by the Middle East wars. In the third and fourth quarters of last year, the UK economy grew by only 0.1% each year, with businesses and households still grappling with high interest rates, the impact of the US trade war, and uncertainty surrounding potential tax increases in the November budget. The surge in oil and gas prices this month poses further risks to the UK economy. Shortly before the outbreak of the war, the Bank of England had predicted 0.3% growth in the first quarter. David Myers, chief economist at the Office for Budget Responsibility, warned this week that if energy prices remain at current levels, inflation could remain around 3% by the end of the year, rather than decline.

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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