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Seres: December new car deliveries exceeded 57,000 units, setting a new monthly delivery record. New car deliveries are projected to exceed 420,000 units by 2025.January 1st - Question: The EU Carbon Border Adjustment Mechanism (CBAM) will officially come into effect on January 1, 2026. The EU has recently released a series of legislative proposals and implementation rules related to the CBAM. What is the Ministry of Commerces comment on this? China hopes that the EU will abide by international rules related to climate and trade, abandon unilateralism and protectionism, maintain open markets, and promote the liberalization and facilitation of trade and investment in the green sector based on the principles of fairness, science, and non-discrimination. China is willing to work with the EU to address the challenges of global climate change, but will resolutely take all necessary measures to respond to any unfair trade restrictions and safeguard its own development interests, the legitimate rights and interests of Chinese enterprises, and the stability of global industrial and supply chains.January 1st - On January 1st, the Zhangzhou Nuclear Power Plant Unit 2, the worlds largest "Hualong One" nuclear power base, officially commenced commercial operation. This marks the full completion and commissioning of the first phase of the Zhangzhou Nuclear Power Project, and represents a crucial step forward in the mass production of my countrys independently developed third-generation nuclear power technology, "Hualong One." The Zhangzhou Nuclear Power Base plans to construct six "Hualong One" units. With the two units from the first phase now fully operational, the base can provide approximately 20 billion kilowatt-hours of clean electricity annually, equivalent to reducing carbon dioxide emissions by about 16 million tons.On January 1st, the Heilongjiang Provincial Department of Commerce issued an announcement regarding the 2026 consumer goods trade-in policy. The announcement stated that individual consumers who transfer ownership of a passenger vehicle registered in their name and purchase a new energy passenger vehicle listed in the Ministry of Industry and Information Technologys "Catalogue of New Energy Vehicle Models Eligible for Vehicle Purchase Tax Reduction or Exemption" or a gasoline passenger vehicle with an engine displacement of 2.0 liters or less will receive a one-time subsidy. For the purchase of a new energy passenger vehicle meeting the above conditions, a subsidy of 8% of the new vehicles sales price will be provided, with a maximum subsidy of 15,000 yuan; for the purchase of a gasoline passenger vehicle meeting the above conditions, a subsidy of 6% of the new vehicles sales price will be provided, with a maximum subsidy of 13,000 yuan. Subsidies will also be provided according to nationally unified categories and standards for individual consumers purchasing six categories of home appliances with energy efficiency or water efficiency standards (refrigerators, washing machines, televisions, air conditioners, water heaters, and computers), as well as four categories of digital and smart products with a single sales price not exceeding 6,000 yuan: mobile phones, tablets, smartwatches (bracelets), and smart glasses. The subsidy standard is 15% of the final sales price of the above-mentioned products after deducting discounts at each stage. Each person can receive a subsidy for one item per category. Among them, the subsidy for each home appliance product shall not exceed 1,500 yuan, and the subsidy for each digital and smart product shall not exceed 500 yuan. Individual consumers who have already received subsidies in 2025 can continue to receive subsidies in 2026, and the participation method is the same.January 1st - According to a report by Sputnik News on January 1st, Belarusian President Lukashenko stated on December 31st, 2025, that Russia used the Hazel hypersonic missile system in 2024 to destroy Ukraines Yuzhno-Mashproekt plant in one minute. Lukashenko said, "(That was) a huge enterprise, one of the most unique enterprises during the Soviet era, with five to seven underground levels, when (the Soviet Union) was preparing for nuclear war. The Hazel missile struck Yuzhno-Mashproekt, and such a world-class, giant, unique enterprise ceased to exist in one minute."

Prediction for Silver Price: XAG/USD falls below $20.00 on risk aversion

Alina Haynes

Oct 11, 2022 14:22

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The silver price has fallen below the 100-day exponential moving average for four consecutive days due to a risk-off impulse triggered by the US central bank's forecasts for additional tightening, tensions emanating from the US-China chip embargo, and the aggravation of the Russia-Ukraine conflict. Therefore, traders seeking security kept the dollar in the lead. At the time of writing, the XAG/USD exchange rate is $19.59 per troy ounce, a decrease of 2.50%.

 

US markets ended the day in the red, extending their four-day losing streak. Monday's paucity of economic data releases in the United States forces market participants to rely on Federal Reserve speeches delivered by Vice-Chair Lael Brainard and Chicago Fed President Charles Evans.

 

Brainard stated that despite the fact that the US economy slowed "more than anticipated," many sectors continue to lag behind the effects of monetary policy. She stated that monetary policy must be tight for some time in order to ensure that inflation would return to the Fed's target level.

 

Previously, Charles Evans stated that the U.S. central bank may be able to lower inflation while avoiding a recession. He predicts that the Federal funds rate (FFR) will peak around 4.5% in early 2023 and remain elevated for an extended period of time.

 

The US Dollar Index increased by 0.35 percent to 113.145 as the situation between Russia and Ukraine escalated during the course of the day. In addition, the US embargo on semiconductors to China is anticipated to provoke reaction from one of the strongest economies in Asia.

 

Noting that the US bond market is closed is important, but there was no justification for the precious metals' poor start to the week. The yield on 10-year US bonds is currently 3.961%, whereas 10-year US Treasury Inflation-Protected Securities (TIPS) will open on Tuesday yielding 1.62 %.

 

Despite this, most traders anticipate the release of US inflation data on Thursday. On a monthly basis, expectations are 0.2% over the previous figure, while on an annual basis, they are 8.1% due to dropping energy prices. Regarding core inflation, which excludes food and energy, the MoM is anticipated to decline by 0.4%, less than August's, while the YoY is anticipated to increase by 6.5%, greater than August's 6.3% increase.

 

The XAG/USD fell below the 100-day exponential moving average at $19.95, extending its losses close to the 20-day EMA at $19.53. Notably, the Relative Strength Index (RSI) is approaching the 50-midline, which, if breached downwards, would indicate that sellers are gaining strength. Then, the XAG/initial USD's support would be the previously mentioned 20-day EMA, followed by the 50-day EMA at $19.40, which, once cleared, could pave the way for a retest of the daily low of $17.97 from September 28.


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