EUR/USD 1.16068
-0.015%
Gold 4223.21
-0.212%
Oil 59.263
-0.175%
USD/JPY 155.739
0.171%
GBP/USD 1.32087
-0.027%
GBP/JPY 205.716
0.155%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 2nd - Sources revealed that South Korean AI startup Upstage has hired Kookmin Securities and Mirae Asset Securities to assist with its initial public offering (IPO), potentially as early as the second half of 2026. This would make Upstage the first generative AI startup in South Korea to go public since the ChatGPT era. Upstage is one of five teams shortlisted by the South Korean government to develop a national foundational AI model—a list that will eventually be narrowed down to two teams. The company has received significant government support, including the supply of graphics processing units from NVIDIA and funding to recruit top US engineers. Upstage was co-founded in 2020 by Sung Kim, who previously led the AI development team at Naver, South Koreas largest internet company. The companys enterprise clients utilize its document processing engine and large language model, Solar, to improve productivity.December 2nd - The possibility of the Bank of Japan resuming interest rate hikes earlier than expected has shaken global bond and stock markets, but Capital Economics suggests that such concerns may be exaggerated. Analyst Thomas Mathews writes that while Japan is a major global creditor nation, rising Japanese bond yields do not necessarily mean a capital outflow, thus posing a risk to global markets. On one hand, Japanese investors looking at foreign bonds face the cost of hedging short-term foreign exchange risks. On the other hand, even if rising Japanese bond yields put pressure on bond markets in other regions, this will not undermine the global stock market rebound, as the rebound is based on earnings growth rather than higher valuations. This situation is likely to continue.Royal Bank of Canada: Raises its target price for LVMH from €575 to €650.The founder of AirAsia said that Airbus needs to re-examine its software testing.December 2nd, Futures News: Economies.com analysts latest view: Brent crude oil prices have recently fluctuated downwards within intraday trading ranges, but positive support remains as prices remain above the EMA50 (50-day exponential moving average) and have broken out of the minor bearish channel range limiting short-term trading. On the other hand, we note that this volatile movement was caused by a negative signal after the Relative Strength Index (RSI) reached overbought levels.

Silver Prices Face Downward Pressure Due to the Prospects of a Hawkish Fed and Uncertainty Regarding China's Lockdown

Drake Hampton

Apr 26, 2022 10:28

Silver prices have fallen as a result of the broader commodity sell-off. The dollar gained strength versus all major currencies as prospects for Fed tightening increased. Benchmark rates fell substantially today, following a spike at the end of last week in response to fears over China's covid shutdowns.

 

Gold prices fell to April lows around $1900 on forecasts of rate increases and a strong dollar. Oil prices fell as demand concerns arose as a result of China's Covid crisis.

 

Oil prices also fell as a result of a strong dollar, which makes commodities more expensive for holders of foreign currencies. Due to the Russian supply problem and Libyan supply disruptions, the oil market experienced tight supply conditions.

 

Bullard, president of the St. Louis Federal Reserve, suggested that a 75-basis-point rate hike may be necessary to tackle runaway inflation. While some policymakers have suggested that a greater rate hike would be detrimental to the economy, market participants have approved it.

 

Investors remain focused on Friday's release of the March Personal Consumption Expenditures Index, a key inflation indicator. Jerome Powell, chairman of the Federal Reserve, suggested that a 50-basis-point rate hike was expected in May.

Technical Evaluation

Silver prices fell 2.5 percent Thursday, below the 200-day moving average's major resistance level of 23.85. Silver prices will continue to decline as a result of the prospect of a 50-basis-point rate hike and may hit the December 2021 lows near the 21.4 level. Silver prices are harmed by hawkish Fed tightening.

 

Support is located near the $22.776 200-day moving average. Resistance is located near the $24.92 50-day moving average. Short-term momentum is negative but is turning positive following a crossover of the fast stochastic, which may indicate a crossover sell signal.

 

The medium-term momentum has shifted to the downside, as evidenced by the histogram's negative correlation with the MACD (moving average convergence divergence). The MACD histogram's trajectory is negative, indicating a downward trend in price movement.

 

image.png 


Suggestion