EUR/USD 1.16509
-0.010%
Gold 4603.04
0.186%
Oil 82.934
1.844%
USD/JPY 159.378
0.053%
GBP/USD 1.35923
-0.029%
GBP/JPY 216.608
0.009%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Dow Jones Industrial Average rose 104.67 points, or 0.20%, to close at 53,568.55 on Thursday, August 27; the S&P 500 rose 55.10 points, or 0.72%, to close at 7,730.80; and the Nasdaq Composite rose 411.16 points, or 1.57%, to close at 26,541.35.August 28th - U.S. stocks closed Thursday with the Dow Jones Industrial Average up 0.2%, the S&P 500 up 0.7%, and the Nasdaq Composite up 1.57%. SK Hynix (SKHY.O) rose 2%, Tesla (TSLA.O) rose 2.6%, Nvidia (NVDA.O) rose 8.7%, and Broadcom (AVGO.O) rose 4%. The Nasdaq China Golden Dragon Index fell 0.74%, Baidu (BIDU.O) rose 4%, and Alibaba (BABA.N) fell 3%.According to the Financial Times, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) will release a new set of rules on Thursday.August 28th - According to sources, US President Trump is expected to meet with US refiners and fuel retailers next week to discuss measures to lower gasoline prices. With the November midterm elections approaching, the Trump administration is seeking to alleviate the pressure on consumers caused by the Iran war. Companies expected to attend include refiners such as Valero Energy, Marathon Oil, and PBF Energy, as well as major fuel retailers. Republicans are trying to maintain their slim majority in Congress in the November elections. Currently, the price of regular gasoline in the US remains above $4 per gallon, about $1 higher than a year ago. The Iran war has disrupted global energy markets and led to tighter supplies of gasoline and other refined products. Major US oil companies and refiners reported strong second-quarter results. These results have drawn criticism from Trump, who believes that oil companies benefiting from price increases should do more to reduce costs for consumers. He has publicly pressured major oil producers and refiners to lower prices.On August 28th, it was learned that a U.S. federal judge lifted a nationwide injunction on August 26th against new rules for mail-in ballots issued by the U.S. Postal Service. The new rules required states to redesign ballot envelopes and upload voter lists to the Postal Service; if these requirements were not met, the Postal Service could refuse to mail the ballots. It is understood that the U.S. government had repeatedly proposed deploying federal law enforcement officers or Immigration and Customs Enforcement (ICE) personnel near polling stations, and the Department of Justice was also preparing to deploy approximately 1,000 election watchdogs. However, many of these measures still face legal and political obstacles.

S&P 500 Drops 2.7% As Tech Stocks Slide After Micron’s Report

Lorna Divakar

Dec 23, 2022 16:10

微信截图_20221223155722.png

Market Technical Analysis for Silver

The price of silver has slightly declined during Thursday's trading session as it seems that the resistance level above $24 will remain challenging to breach. The market may not have abruptly turned negative as a result, though; it's simply possible that we got ahead of ourselves in the near term. With that movement, it seems that we may be attempting to define a new trading range, with the $23 level serving as potentially a little bottom. It's feasible that we could descend below the $22 level, where it gapped, if we break down below there.


It is important to note that the 50-Day EMA is also close to the $22 level, which may be sufficient evidence that it acts as a little floor. I'm not really worried that we will make that move at this moment, but any move below there opens up substantial selling. After all, silver seems to be in great shape, so it seems natural that we would ultimately go to the $25 level. Remember that the Christmas season will result in very illiquid market circumstances, so it is not unexpected that some profit-taking is occurring. After all, why would you want to risk a lot of money at this time?


Longer term, it seems that silver will continue to get a little premium, but I also think that volatility will likely increase going forward. After all, a lot of "hot money" will be pursuing this market, so ultimately anticipate major swings.

Suggestion