EUR/USD 1.14859
0.096%
Gold 4376.53
0.805%
Oil 95.469
-1.085%
USD/JPY 156.726
0.486%
GBP/USD 1.33935
0.269%
GBP/JPY 209.919
0.759%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 20th, according to Qianwen Big Model, Qwen-Image-2.1, an image model that balances generation quality, inference efficiency, and cost of use, was open-sourced today. Qwen-Image-2.1 integrates text generation and image editing into a single model, with only 7B parameters for visual generation and native support for generating and editing transparent images. The main features of this updated model include four aspects: 1. Small model, powerful efficiency, and extreme cost-effectiveness: Lightweight model structure and inference optimization achieve a balance between generation quality and computational cost. 2. Native transparency, integrated creation and modification: Generates ordinary or transparent images based on prompts, and supports transparent layer editing and image cutout. 3. Versatile editing, multi-frame preservation: Supports up to 10 reference images, enhances local editing, portrait and product fidelity, and covers various editing tasks. 4. Realistic texture, elegant text and beautiful figures: Improves text layout, lighting and detail rendering for more aesthetically pleasing generated results.On September 20, Iranian Army Commander Jahanshahi stated that, in response to potential threats, a large number of troops remain deployed along Irans northwestern, western, southwestern, eastern, northeastern, and southeastern borders, as well as coastal areas, since the outbreak of the conflict. Various units of the Iranian Army, including special forces, rapid reaction forces, mechanized units, and artillery, have been deployed along the countrys borders, maintaining a high state of combat readiness.September 20th - It was learned today that the International Organization for Standardization (ISO) recently approved the establishment of all seven international natural gas standards led by my country. These standards cover key upstream areas of the industry chain, including shale gas exploration and development, natural gas carbon footprint accounting, natural gas reservoir core sampling, and natural gas hydrate testing. They will contribute to the construction of globally unified natural gas technology rules and promote the development of a clean, low-carbon, safe, and efficient global energy system.On September 20, Egyptian President Abdel Fattah al-Sisi met with visiting CIA Director John Ratcliffe and expressed his support for resolving regional hotspots such as Iran and Palestine through political means. According to a statement released by the Egyptian presidential palace that day, Sisi stated during the meeting that Egypt fully supports efforts aimed at reaching a comprehensive agreement to resolve the Iranian crisis, in order to promote the restoration of regional security and stability and guarantee freedom of international navigation. He emphasized that regional crises should be resolved through political and diplomatic means.On September 20th, the Ministry of Culture and Tourism issued the "15th Five-Year Plan for the Construction of the Public Cultural Service System." The plan proposes that by 2030, the level of balanced development of public cultural services will be continuously improved, the integrated construction of urban and rural public cultural service systems will be fully promoted, and the regional collaborative development mechanism will be more sound. The supply mechanism of public cultural services will be further improved, and an open, diversified, and collaborative supply pattern will be basically formed. The digitalization of public culture will reach a new level, and digital resources will be richer. Significant progress will be made in the reform of the public cultural service system and mechanism, and the vitality of innovation and creativity in public culture will be significantly enhanced. The plan comprehensively deploys five key tasks: promoting the quality and efficiency of public cultural services through reform, continuously promoting the construction of modern public libraries, promoting the prosperity and development of mass culture, promoting the balanced development of public cultural services, and improving the digitalization level of public cultural services. At the same time, it lists 18 key projects based on actual conditions to ensure that the direction is clear, the long-term goals are well-defined, and the implementation is grounded in reality.

Prediction for Silver Price: XAG/USD falls below $20.00 on risk aversion

Alina Haynes

Oct 11, 2022 14:22

175.png 

 

The silver price has fallen below the 100-day exponential moving average for four consecutive days due to a risk-off impulse triggered by the US central bank's forecasts for additional tightening, tensions emanating from the US-China chip embargo, and the aggravation of the Russia-Ukraine conflict. Therefore, traders seeking security kept the dollar in the lead. At the time of writing, the XAG/USD exchange rate is $19.59 per troy ounce, a decrease of 2.50%.

 

US markets ended the day in the red, extending their four-day losing streak. Monday's paucity of economic data releases in the United States forces market participants to rely on Federal Reserve speeches delivered by Vice-Chair Lael Brainard and Chicago Fed President Charles Evans.

 

Brainard stated that despite the fact that the US economy slowed "more than anticipated," many sectors continue to lag behind the effects of monetary policy. She stated that monetary policy must be tight for some time in order to ensure that inflation would return to the Fed's target level.

 

Previously, Charles Evans stated that the U.S. central bank may be able to lower inflation while avoiding a recession. He predicts that the Federal funds rate (FFR) will peak around 4.5% in early 2023 and remain elevated for an extended period of time.

 

The US Dollar Index increased by 0.35 percent to 113.145 as the situation between Russia and Ukraine escalated during the course of the day. In addition, the US embargo on semiconductors to China is anticipated to provoke reaction from one of the strongest economies in Asia.

 

Noting that the US bond market is closed is important, but there was no justification for the precious metals' poor start to the week. The yield on 10-year US bonds is currently 3.961%, whereas 10-year US Treasury Inflation-Protected Securities (TIPS) will open on Tuesday yielding 1.62 %.

 

Despite this, most traders anticipate the release of US inflation data on Thursday. On a monthly basis, expectations are 0.2% over the previous figure, while on an annual basis, they are 8.1% due to dropping energy prices. Regarding core inflation, which excludes food and energy, the MoM is anticipated to decline by 0.4%, less than August's, while the YoY is anticipated to increase by 6.5%, greater than August's 6.3% increase.

 

The XAG/USD fell below the 100-day exponential moving average at $19.95, extending its losses close to the 20-day EMA at $19.53. Notably, the Relative Strength Index (RSI) is approaching the 50-midline, which, if breached downwards, would indicate that sellers are gaining strength. Then, the XAG/initial USD's support would be the previously mentioned 20-day EMA, followed by the 50-day EMA at $19.40, which, once cleared, could pave the way for a retest of the daily low of $17.97 from September 28.


Suggestion