EUR/USD 1.18580
0.828%
Gold 3690.15
0.310%
Oil 64.226
1.935%
USD/JPY 146.482
-0.628%
GBP/USD 1.36503
0.388%
GBP/JPY 199.958
-0.235%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hang Seng Index futures closed up 0.56% at 26,612 points in the night session, 173 points higher than the spot price.On September 17th, executives at Tether, the worlds largest stablecoin issuer, announced on Tuesday that the company is returning to the US market and aiming to become the dominant stablecoin issuer in the country. Bo Hines, Tethers digital asset and US strategy advisor, stated that the goal of Tethers return to the US market is to replicate its success overseas. Tethers flagship token, USDT (Tether), is the worlds largest stablecoin, with a supply of $171 billion and primarily backed by US Treasury bonds.Market news: Tesla (TSLA.O) reached a settlement in the 2019 California crash lawsuit before the jury trial.On September 17, local time on the 16th, it was learned that Ukrainian President Zelensky said he was willing to meet with US President Trump and Russian President Putin without preconditions, but he would not go to Moscow, the capital of the country that is attacking Ukraine. Zelensky also said that Russia is preparing two autumn offensives.On September 17, US President Trump said he spoke with Indian Prime Minister Narendra Modi, a move aimed at easing tensions between the two economies amid friction over tariffs and New Delhis purchase of Russian oil. Trump posted on social media that he had a "very good" call with Modi and extended birthday wishes. He added, "Hes doing a great job. Thank you for supporting the efforts to end the conflict between Russia and Ukraine!" The call came as the two countries resumed trade negotiations this week, with both sides describing the talks as positive and aimed at resetting bilateral relations after Trump imposed 50% tariffs on Indian goods last month. Earlier that day, Modi tweeted that India supports Trumps "initiative for a peaceful resolution of the conflict in Ukraine."

Forecast for Silver Price: XAG/USD corrects from $24.00 as USD Index recovers and US Employment is monitored

Alina Haynes

Apr 04, 2023 13:45

截屏2022-08-26 下午5.10.05_1024x576.png 

 

After failing to surpass the $24.00 resistance in the Asian session, the Silver price (XAG / USD) has corrected marginally. The precious metal has shown a slight decline in tandem with the US Dollar Index's recovery. (DXY). After establishing a buffer around 102.00, the USD Index has rebounded to near 102.15; however, the downside appears to be favored in anticipation that the Federal Reserve (Fed) will maintain a neutral posture on interest rates at its monetary policy meeting in May.

 

S&P500 futures are attempting to recoup all of the losses sustained in early Asia. The overall market sentiment is optimistic, so the demand for perceived-risk assets is robust. Prior to the United States Automatic Data Processing (ADP) Employment Change (March) data, which will be released on Wednesday, 10-year US Treasury yields have increased marginally to around 3.43 percent. According to the consensus, the US economy added 205K positions in March, compared to the previous report of 242K.

 

The need for a halt in the Fed's policy-tightening cycle will increase as a result of fewer job gains following a weaker ISM manufacturing PMI. According to the CME Fedwatch tool, over fifty percent of investors continue to anticipate an additional 25 basis point (bps) rate hike to 5.00-5.25%. However, a significant reorganization is anticipated after the publication of the Employment data.

 

Monday, Fed Board Governor Lisa Cook stated that the United States has both low unemployment and high inflation. Consequently, the Fed is presently focused on inflation, and the disinflationary process has begun, but we are not yet there. The commentary has provided the US dollar with some support.


Suggestion