EUR/USD 1.04886
-0.230%
Gold 2909.59
-0.181%
Oil 68.966
0.036%
USD/JPY 149.576
0.364%
GBP/USD 1.26374
-0.244%
GBP/JPY 189.028
0.165%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukraines top commander: discussed continued military support for Kiev with British defense secretary.On February 26, Russian crude oil loadings to India increased by 13% in January to 1.73 million barrels per day (7.36 million tons). According to data from Vortexa, a global analysis platform for energy and freight markets, and Kpler, an energy analysis company, shipments to India last month were 9% higher than in January last year. The increase reflects an overall increase in Russian seaborne crude oil exports in January. But market participants said exports to India in February may fall due to the latest sanctions on Russian oil exports announced by the United States on January 10. Preliminary data showed that Indias crude oil loadings fell 16% month-on-month to 1.33 million barrels per day (3.65 million metric tons) from February 1 to 20, but this figure is likely to be revised.According to NBC: Elon Musk will attend the first cabinet meeting since US President Trump took office on the 26th local time to discuss the work of the Government Efficiency Department.February 26th, Hong Kong Chief Executive John Lee today (26th) announced the 2025-2026 Budget, saying that the Budget proposes a number of measures that are consistent with the direction of the Policy Address, including cultivating new quality productivity to strengthen the development of innovative technology and artificial intelligence; accelerating the development of the Northern Metropolitan Area and the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, giving full play to the strategic positioning of "three centers and one highland", further cultivating and introducing talents, upgrading advantageous industries, and promoting the accelerated development of Hong Kongs economy. I am full of confidence in Hong Kongs development and prospects. I call on all sectors of society to support this budget.Israel has said a military option may be needed to deal with Irans nuclear program.

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