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Japan Meteorological Agency: At around 12:57 local time, an earthquake occurred in Noto, Ishikawa Prefecture, with a focal depth of 10km and a magnitude of M3.7. This earthquake will not cause a tsunami.On April 19, the Japan Aerospace Exploration Agency and the National Institute of Polar Research jointly issued a press release on the 18th, saying that the maximum area of Arctic sea ice observed by the agency in March this year was 13.79 million square kilometers, but this data is the lowest since Japan began satellite observations in 1979. The communiqué said that the area of Arctic sea ice continues to expand during the winter from October to March of the following year, usually reaching the maximum of the year in March. Using observation data from the high-performance microwave radiometer No. 2 onboard Japans water cycle change observation satellite "Water Drop", researchers from the two agencies analyzed the distribution of sea ice in the Arctic Ocean and found that the sea ice area reached 13.79 million square kilometers on March 20, the largest area this year.Faraday Future: The annual shareholders meeting will be held on May 28. There will be no merger proposal at the meeting. The company name will be changed from "Faraday Future Intelligent Electric" to "Faraday Future AI Electric Vehicle Inc."Conflict situation: 1. Ukraine said that Russias missile attack on Kharkiv caused one death and 57 injuries. 2. The General Staff of the Ukrainian Armed Forces: In the past day, the Russian army lost about 1,530 soldiers, as well as 8 tanks, 40 armored personnel carriers and 88 artillery systems and other equipment. Peace talks: 1. US Secretary of State Rubio: The United States will stop trying to promote a peace agreement between Russia and Ukraine within a few days unless there are clear signs that an agreement can be reached. 2. The United States proposed to relax sanctions on Russia as part of the Ukrainian peace plan. 3. It is reported that Ukraines request to join NATO will not be discussed in the Russian-Ukrainian agreement. 4. US Vice President Vance: Optimistic about being able to end the Russian-Ukrainian conflict. 5. US President Trump: If all parties make it difficult to end the Ukrainian conflict, I will choose to give up, but I hope things will not develop to that point. We have a great chance to reach an agreement between Ukraine and Russia. Other situations: 1. The Ukrainian government announced the text of the memorandum of intent for the mineral agreement reached with the United States. One of the core points is to stipulate the establishment of a Ukrainian reconstruction investment fund. 2. Ukraines Deputy Minister of Economy: Ukraine and the United States will start a new round of negotiations on a mineral resources agreement on April 24. 3. Peskov: Russia and Ukraines suspension of the ban on attacking each others energy facilities has expired. 4. Source: Russia and Ukraine will exchange prisoners on Saturday under the mediation of the UAE.Sources familiar with the matter: The United States is ready to recognize Russias control over the Crimea region as part of a broader peace deal between Russia and Ukraine.

Gold Prices Depreciate When Treasury Yields Increase

Larissa Barlow

Apr 22, 2022 10:04

On Thursday, gold prices fell as the currency gained strength. Treasury rates have continued to rise in the aftermath of a strong jobless claims data. The yield differential widened in favor of the Euro and the Yen, exerting downward pressure on the dollar. For April, the Philadelphia Fed reported a weaker-than-expected reading of 17.6, compared to forecasts of around the trailing year-to-date average of 21.

 

Initial Jobless Claims were 184,000 for the week ending April 16, down 2,000 from the previous week but well ahead of expectations of 182,000. Continuing claims, which are released one week after the headline figure, decreased by 58,000 to 1.417 million, the lowest level since February 21, 1970. 

Technical Evaluation

On Thursday, gold prices fell. Prices were unable to break through resistance near the 1,958-day moving average. At 1,933, support is located near the 50-day moving average.

 

Momentum has shifted negative in the short term as the Fast Stochastic generated a crossover sell signal. Both the RSI and the Fast Stochastic are in the neutral zone, indicating that the gold price has been consolidating.

 

The MACD has generated a crossover sell signal, indicating that the medium-term momentum has become negative. As the MACD line crosses below the MACD signal line, this occurs. The MACD (moving average convergence divergence) histogram exhibits a downward trend, indicating decreasing prices and accelerating downward momentum.

 

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