• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 12, the commander of the Hatem Anbia Central Headquarters of the Iranian Armed Forces stated that the United States, while talking about agreements and negotiations, is simultaneously taking malicious actions with ulterior motives. This blatant contradiction between US words and deeds is the root cause of instability in the region, jeopardizing trade security, the international economy, and the security of all nations, especially the Strait of Hormuz. We warn that if the United States attempts to attack Iran again, it will face a much harsher response than before, the conflict will become more widespread and escalate, and the region will descend into insecurity. In light of the recent US threats to strike Iranian oil infrastructure, we hereby declare: oil and gas exports are either open to everyone or closed to everyone.The U.S. Treasury Department website shows that the United States has imposed sanctions on Union Cuba Petroleo.UN Secretary-General António Guterres urged all parties to restore the implementation of the comprehensive ceasefire to avoid further escalation of the situation. He called on the United States and Iran to redouble their efforts to reach a peaceful, comprehensive, and lasting agreement.Spokesperson for the UN Secretary-General: UN Secretary-General António Guterres is deeply concerned about the escalating situation in the Middle East, including the US strikes against Iran and Irans retaliatory strikes.June 12 – Siemens Energy, one of the worlds three largest gas turbine manufacturers, stated that competition in Europe for power supplies for data centers and electrification projects is becoming so fierce that customers are now willing to pay fees to secure a place in the gas turbine production queue. CEO Christian Bruch said, "Demand is now so high that European customers are willing to pay reservation fees." This practice first appeared in the US in recent years when technology companies raced to lock in power generation capacity for energy-intensive data centers, and has since expanded to Europe and the Middle East. Due to the long wait times for European data centers to connect to the grid, some are considering building their own power generation facilities to get them operational faster. Karim Amin, head of Siemens Energys Gas Services division, said that customers seeking to reserve approximately six months of manufacturing time typically pay 10% to 15% of the purchase price of a turbine. Since gas turbine manufacturers capacity is largely booked until the end of this decade, this type of payment has become a way for buyers with urgent project needs to secure their place in the queue. Siemens Energys conversion rate exceeds 90%, meaning that most reservations eventually translate into contracts.

Silver Price Analysis: XAG/USD is at a weekly bottom, and bulls are losing control below $24.00

Daniel Rogers

Jan 18, 2023 14:54

 256.png

 

Silver rebounds from the weekly low reached during Wednesday's Asian session and is currently in neutral zone, just below the $24.00 round-number mark.

 

Technically speaking, the price activity over the past month or so has formed an ascending channel, indicating a short-term positive trend. Moreover, the XAG/USD has been able to maintain a comfortable position above the 200-period SMA on the 4-hour chart. This, in turn, favors bullish traders and enhances the likelihood of further near-term increases.

 

Nevertheless, oscillators on the daily chart have been losing traction, while oscillators on the 4-hour chart have just begun drifting into negative territory. Therefore, any intraday advance is more likely to encounter resistance in the vicinity of $24.30, followed by the multi-month top in the vicinity of $24.50. Before putting further wagers, bulls may wait for persistent strength beyond the aforementioned obstacles.

 

The XAG/USD may then climb to challenge the upper limit of the aforementioned trend channel, which is now located in the vicinity of $24.80-$24.85. Some subsequent buying over the $25.00 psychological level will signal a new breakout and open the way for a near-term advance. This, in turn, might propel the precious metal to the next significant barrier in the vicinity of $25.35-$25.40.

 

On the other side, the 200-period SMA on the 4-hour chart, which is currently approaching $23.45, is expected to safeguard the immediate downside ahead of the trend-channel support near $23.30-$23.25. A convincing break below this level might make the XAG/USD susceptible to further declines below the $23.00 level and to the $22.60-$22.55 support region en route to the $22.10-$22.00 region.