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According to the Wall Street Journal: Ford Motor (FN) further cuts 1,000 jobs in Germany due to continued weak demand for electric vehicles.The European Parliaments head of metals will visit Kyiv, MEPs said.September 17th news: On September 17th local time, Krasnodar Airport in southern Russia received the first flight since its suspension of operations. This is also the first time the airport has resumed formal operations since its closure since the outbreak of the Russia-Ukraine conflict in February 2022.The number of rate cuts this year is expected to increase. 1. JPMorgan Chase: The updated dot plot indicates room for three rate cuts this year, one more than the June dot plot. 2. Deutsche Bank: The updated dot plot median may indicate a total of 75 basis points of rate cuts in 2025, 25 basis points more than the June forecast. 3. Barclays: The dot plot indicates three rate cuts this year, one each in 2026 and 2027, while the median long-term rate forecast remains unchanged at 3.0%. 4. Bank of Montreal: The median rate forecast for the end of 2025 is expected to be lowered to reflect the possibility of 25 basis point cuts at both the October and December meetings. The dot plot remains unchanged from June. 1. Pepperstone: The Federal Reserve is likely to disappoint market expectations. The dot plot median is likely to remain unchanged, still indicating only a cumulative rate cut of 50 basis points this year. 2. UBS: The dot plot will show two rate cuts this year, while the market expects closer to three. Participants economic outlook forecasts will also be in focus. 3. Bank of America: With macroeconomic forecasts largely unchanged, the median Fed rate forecast for 2025 will continue to indicate a 50 basis point cut, despite a downward shift in the overall dot plot. 4. Goldman Sachs: We expect the updated dot plot to show two rate cuts this year, to 3.875%. While the Fed may currently be planning three consecutive rate cuts this year, it may decide that forcing this into the dot plot is unnecessary. 5. Morgan Stanley: We expect the median dot plot to still show two rate cuts this year, but actual economic data may push the Fed to continue cutting rates throughout the rest of the year, extending this round of cuts into January. Other Views: 1. Citigroup: The updated dot plot is likely to indicate two to three rate cuts this year, and the median rate forecast for 2026 may also be revised downward.The UKs core CPI monthly rate in August was 0.3%, in line with expectations and the previous value of 0.2%.

A Quiet Start for Silver Markets, According to the Silver Price Prediction Model

Alina Haynes

Jul 05, 2022 11:51

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Silver markets have done relatively little throughout the trading session on Monday, as the Americans were away for the Independence Day vacation. This means that there was just a small amount of electronic trade, so suggesting that you cannot read too much into the Monday candlestick. You may, however, read quite a deal into the Friday candlestick. The Friday candlestick pierced the $20 barrier, so wiping off a number of stop loss orders.

 

Any recovery at this moment in time in the silver market needs to be looked at through the lens of mistrust, since the downside is so strongly embedded in the mentality of market players. In fact, it’s not until we break over the $22.50 barrier that I start to look in the opposite direction. I feel that the $20 level should be small barrier, but I predict that there is much more resistance towards the $21 level.

 

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At the first hint of weariness, I will more often than not put on a tiny position to start “dipping my toe in the water” to the downside. My desire to purchase silver is currently thwarted by an overvalued currency and rising interest rates in the United States, both of which operate against the total worth of commodities. Adding additional gasoline to the flames is that industrial demand for silver should continue to drop in this climate, so it’s simply too much for the markets overcome anytime soon.

 

If we break down below the lows of the Friday session, I predict that the $18 level will be attacked next, followed by the $15 level.


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