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January 10, according to the Financial Times, Trump postponed his campaign promise to end the Russian-Ukrainian conflict within "24 hours" to a few months, and the United States European partners believe that this shows that the United States will not immediately abandon its support for Ukraine. Two European officials said that discussions with Trumps incoming team in recent weeks showed that they have not yet decided how to resolve the conflict, and support for Ukraine will continue after the inauguration on January 20. One of the officials said: "The whole (Trump) team is obsessed with showing its strength and power, so they are re-adjusting their strategy towards Ukraine." The Trump camp does not want people to compare them with the "disastrous" withdrawal from Afghanistan during the Biden administration. On the other hand, Russian sources said that Putins main goal in any negotiations is to reach a new security agreement to ensure that Ukraine will never join NATO and let the US-led military alliance withdraw some military deployments in the east (Ukraine).Deutsche Bank has adjusted its bonus system to emphasize metrics such as teamwork.Ukrainian Prime Minister: Ukraines natural gas production will exceed 19 billion cubic meters in 2024, an increase of 2.2% over 2023.On January 10, after Country Garden Holdings (02007.HK) announced the key terms of its offshore debt restructuring proposal, an ad hoc group of bondholders (AHG) said on January 10 that the key terms announced by Country Garden were not supported by the group, and the two sides had differences in many aspects such as the conversion price. It is reported that the group holds more than 30% of Country Gardens "US$10.3 billion outstanding offshore senior notes and convertible bonds".The intraday gains of U.S. crude and Brent crude oil expanded to 2.00%, and are now trading at $75.19 per barrel and $78.48 per barrel, respectively.

Silver Price Prediction - Silver Price Increased Due to Weak Dollar

Alina Haynes

May 12, 2022 11:03

On Wednesday, silver prices increased alongside the other precious metals. As yields decreased, the dollar declined. In spite of stronger-than-anticipated headline and core CPI reports, Benchmark rates declined today. Gold prices rose as the currency weakened.

CPI Rose Greater Than Anticipated

Wednesday, the U.S. Labor Department revealed April's CPI. The headline CPI came in at 8.3%, slightly lower than March but higher than the 8.1% experts had predicted. The study also revealed that the core CPI, excluding food and energy, rose by 6.2% year over year, which was greater than anticipated. The month-over-month growth also exceeded projections. The Bureau of Labor Statistics (BLS) stated that April inflation grew 0.3% on the headline CPI, compared to the 0.2% expected, and 0.6% on the core CPI, compared to the 0.4% expected gain.

Technical Evaluation

After falling, silver prices recovered, reclaiming short-term support near the September lows at 21.42.

 

Near the 20-day moving average of 23.52, there is observed to be resistance. The 20-day moving average has fallen below the 50-day moving average, indicating a medium-term decline. As indicated by the fast stochastic crossover buy signal, near-term momentum has turned positive. Prices are oversold since the fast stochastic is displaying a value of 13 below the oversold threshold of 20.

 

The medium-term momentum has become negative as the histogram and MACD both print in a negative direction (moving average convergence divergence). The MACD histogram is moving in a negative direction, reflecting the downward trend in price movement.

 

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