EUR/USD 1.15120
-0.164%
Gold 4049.13
-0.043%
Oil 78.984
-4.998%
USD/JPY 156.853
-1.459%
GBP/USD 1.34322
-0.326%
GBP/JPY 210.693
-1.779%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The New York State Attorney General stated that Trumps new tariffs are too broad and bypass investigations targeting specific countries, disregarding legal requirements. Trumps latest tariffs merely replace tariffs previously rejected by the U.S. Supreme Court.Mohsen Rezaei, military advisor to Irans Supreme Leader: We did not attack any American citizens, but the United States attacked our country. The vast majority of countries in the world would say that the United States is a belligerent nation.According to hourly grid monitoring data, the Texas Electric Reliability Council (ERCOT) recorded a record hourly peak load of 91.1 gigawatts (GW) on July 22.OpenAI: These achievements cover fields such as sphere packing, coding theory, group theory, quantum complexity, lattice cryptography, and extreme value combinatorics. These include proving the existence of non-Sofic groups and achieving exponential improvements to the limits of high-dimensional sphere packing.On August 4th, the Gaza Peace Committee stated that once Hamas completes its disarmament process, Israeli troops will fully withdraw beyond the Yellow Line in eastern Gaza. This statement was reaffirmed after a meeting between Committee Director-General Nikolai Mladenov and Israeli Prime Minister Benjamin Netanyahu. According to the committees statement, its ultimate goal is to ensure the "complete disarmament of the Gaza Strip and the transition from gun control to civilian governance." The statement said that the implementation of civilian governance will be "overseen by the International Stabilization Force and the Executive Verification Committee, of which the United States and the Peace Committee are members."

Prediction for Silver Price: XAG/USD falls below $21.60 as USD Index recovers amid global worries

Daniel Rogers

Feb 20, 2023 11:04

261.png 

 

During the Tokyo session, the silver price (XAG/USD) experienced a sharp decline to close to $21.55. The white metal fell like a house of cards as geopolitical tensions intensified the theme of risk aversion. Silver price is predicted to continue its downside momentum as the fears of a comeback in the United States inflation have joined the US-China tensions.

 

The US Dollar Index (DXY) has rallied firmly to approximately 103.70 as the geopolitical tensions-inspired volatility has driven investors to hide behind safe-haven assets. The mood on the market has been dimmed by the US ambassador to China's warnings if Beijing chose to provide lethal military aid to Russia for its invasion of Ukraine. Additionally, three rockets from North Korea on Japan’s Exclusive Economic Zone (EEZ) have poured fuel to the fire.

 

S&P500 futures have extended their losses as the resurgence of inflation fears in the United States has raised warning flags for the upcoming economic recovery. The Federal Reserve (Fed) might continue rising interest rates after a comeback in the prices of goods and services at the factory gates and a revival in consumer spending, expressed by positive Retail Sales statistics. Monday will be a holiday in the United States, so the financial markets will be closed.

 

Thursday's Gross Domestic Product (GDP) report will be closely scrutinized by investors for more advice. It is anticipated that the preliminary annualized GDP for the fourth quarter would remain unchanged at 2.9%.


Suggestion