EUR/USD
1.14321
0.090%
Gold
5018.50
0.047%
Oil
97.198
0.758%
USD/JPY
159.330
-0.214%
GBP/USD
1.32513
0.188%
GBP/JPY
211.137
-0.027%
Real-time News
Market news: Japanese Foreign Minister Toshimitsu Motegi and US Secretary of State Marco Rubio are scheduled to speak on Monday.According to TASS, the Russian Ministry of Defense stated that Russia shot down 145 Ukrainian drones last night, 53 of which were shot down over the Moscow region.The ChiNext index rose more than 1% intraday, while the Shanghai Composite Index is currently down 0.3%. Sectors such as marine economy, semiconductors, liquor, grain, cross-border payment, and food processing are among the top gainers.On March 16th, Bernstein analysts stated in a research report that the Middle East conflict is unlikely to affect helium supply and disrupt chip manufacturing. The analysts noted that although Qatar produces one-third of the worlds helium, company inventories, underground storage, increased Russian supply, and the deepening relationship between chipmakers and industrial gas companies should all provide support. The analysts pointed out that helium supply has grown faster than demand in recent years, and Russia has increased its helium production due to its ample reserves. Meanwhile, even in the event of a helium shortage, chipmakers will be prioritized, as semiconductor foundries are likely one of the least price-sensitive major application areas.March 16th, Futures News: Economies.com analysts latest view: Spot silver prices fluctuated in the latest intraday trading, influenced by the stability of the key support level of $79.50. This price level, mentioned as a potential target in our previous analysis, provided upward momentum, helping spot silver partially recover its previous losses and alleviating the obvious oversold condition on the Relative Strength Index (RSI), especially with the appearance of positive converging signals. However, as the price is still trading below the EMA50, negative pressure remains. The EMA50, acting as dynamic resistance, limits the possibility of a full rebound in spot silver in the short term. Furthermore, the break below the short-term bullish corrective trendline exacerbated this impact.
