EUR/USD 1.02749
-0.225%
Gold 2700.86
-0.497%
Oil 77.288
-0.681%
USD/JPY 156.146
0.645%
GBP/USD 1.21698
-0.580%
GBP/JPY 190.028
0.104%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 19, Hungarian Minister of Foreign Affairs and Foreign Economic Relations Peter Szijjártó said that Hungary received a record 7.6 billion cubic meters of natural gas from Russia through the "Turkish Stream" natural gas pipeline in 2024. Szijjártó said in a video speech: "Last year, 7.6 billion cubic meters of natural gas arrived in Hungary through the Turkish Stream, which is an absolute record. In this way, we can ensure that Hungary always has enough natural gas... and ensure that Hungary has one of the lowest natural gas prices."On January 19, some quotation platforms showed that the price of Solana coin soared to a record high. Both CoinMarketCap and Coinbase showed that the price of the token was close to $269. However, some quotation platforms did not show that Solana coin exceeded the record set last year. However, it is indisputable that Solana coin, which has been leading in the past year, is riding the wave of Trump. The virtual currency "TRUMP" issued by Trump is based on the Solana blockchain network, and the demand for "TRUMP" coins is still strong. Coingecko shows that the trading volume of Solana coin is almost twice that of Dogecoin.Market News: Germanys ambassador to the United States warned that the incoming Trump administration will deprive U.S. law enforcement and media of their independence and hand "co-governing power" to large technology companies. Since the election, the outgoing German Chancellor Scholzs government has largely refrained from directly criticizing Trump, but the German ambassadors confidential assessment provides the most outspoken view of a senior German official.IDF: Sirens sounded in southern Israel after Yemen fired a missile for the second time today. The missile was intercepted before it entered Israeli territory.On January 18, the Financial Times reported, citing people familiar with the matter, that Commerzbank is considering laying off thousands of employees to fend off the strong stake of Italys UniCredit Group. Two people familiar with the matter said the plans have not yet been formalized and are expected to be announced to the workers committee in the coming weeks. A person familiar with the negotiations said the figure could be in the low range of "thousands." The report said that after approaching UniCredit Group, the German bank is under pressure to cut costs and improve returns. Bettina Orlopp, the new CEO of Commerzbank, will submit an updated strategy on February 13 to show that the bank can improve profitability and pay dividends to shareholders on its own. Earlier reports said that UniCredit Group suddenly took a stake in Commerzbank and could become the largest shareholder of Commerzbank if it obtains regulatory approval. Andrea Orcel, CEO of UniCredit Group, has made no secret of his ambitions for Commerzbank, including a full acquisition of the German competitor.

Silver Price Analysis: XAG/USD is around the daily high and is set for additional appreciation

Alina Haynes

Dec 26, 2022 19:12

 229.png

 

Silver receives new offers on Friday, snapping a two-day losing run and halting this week's retreat from an eight-month peak. The white metal maintains its bid tone throughout the first half of the European session and is currently positioned near the daily high, in the vicinity of $23.75.

 

The development of purchasing at the $23.40-$23.35 horizontal resistance breakpoint, which is now acting as support, favors bullish traders from a technical standpoint. The restrictive setting is backed by oscillators on the daily chart maintaining their positive bias and oscillators on the 4-hour chart regaining momentum.

 

Consequently, a subsequent rally toward recovering the $24.00 threshold remains a real possibility. The next significant barrier is located at the multi-month high, in the vicinity of the $24.30 region that was achieved on Wednesday. If this barrier is cleared, the XAG/USD should rise towards the $25.00 psychological level, with an intermediate barrier near the $24.60-$24.70 region.

 

On the other hand, the $24.40-$24.35 resistance-turned-support, which is also the daily low, should protect the near-term downside before to the $24.15 confluence support. The latter consists of the 100-period SMA on the 4-hour chart and an ascending trend line extending from the November low, which should provide a solid foundation for the XAG/USD.

 

A convincing breakthrough, followed by a decline below the $23.00 round number, will negate the positive view and alter the bias towards bearish traders. The XAG/USD may therefore become susceptible and accelerate its decline to test the $22.00 round-figure level, with some intermediate support in the $22.55-$22.50 horizontal zone.

Suggestion