EUR/USD 1.14087
0.097%
Gold 4147.90
1.724%
Oil 85.665
1.744%
USD/JPY 163.101
-0.052%
GBP/USD 1.33722
-0.015%
GBP/JPY 218.107
-0.054%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 23, Wang Yi stated that Prime Minister Tariqs successful official visit to China last month, during which the leaders of both countries jointly announced the building of a China-Bangladesh community with a shared future in the new era, provided new strategic guidance and outlined a new blueprint for the development of bilateral relations. As a trustworthy neighbor and good friend of Bangladesh, China will, as always, support the Bangladeshi government in its smooth governance and is willing to work with Bangladesh to implement the consensus reached by the leaders of the two countries, enhance strategic communication, deepen political mutual trust, promote high-quality Belt and Road cooperation, and push forward the building of a China-Bangladesh community with a shared future in the new era, bringing more benefits to the people of both countries. Khalid stated that Bangladesh firmly adheres to the one-China principle and is willing to work with China to implement the outcomes of this visit, advance cooperation such as the China-Myanmar-Bangladesh Economic Corridor, and jointly build a China-Bangladesh community with a shared future in the new era.The Israel Defense Forces (IDF) stopped and detained several Israeli citizens attempting to cross the border into Syria in the Hermon region on Wednesday, local time. The IDF condemned this "criminal" act that endangered border security.July 23 – First, the building of a community with a shared future with neighboring countries has deepened and become more practical. China and the eight ASEAN countries have reached an important consensus on jointly building a bilateral community with a shared future, further solidifying the foundation for building a closer China-ASEAN community with a shared future. Second, trade volume has steadily increased. The upgraded protocol of the China-ASEAN Free Trade Area 3.0 was officially signed, and the two sides have been each others largest trading partners for six consecutive years, with trade volume expected to exceed one trillion US dollars by 2025. Third, cooperation has been strengthened to overcome difficulties. After the strong earthquake in Myanmar and the earthquake in Mindanao, Philippines, China provided immediate assistance, demonstrating the fine tradition of mutual support between China and ASEAN countries. Fourth, people-to-people exchanges have become more active. The China-ASEAN Year of People-to-People Exchanges (2024-2025) will host nearly 200 high-level and popular events. China has introduced a special "ASEAN Visa" to facilitate and enhance people-to-people exchanges, further strengthening the people-to-people ties between the two sides.British Chancellor of the Exchequer Healy: The goal is to improve affordability.British Chancellor of the Exchequer Healy: I will support wealth creation.

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

 截屏2022-07-22 下午2.38.00.png

 

Silver fell during Thursday's trading session, but it recovered after the European Central Bank raised interest rates, which placed downward pressure on the US dollar. I believe it is only a matter of time until sellers re-enter the market and force this commodity lower since this is a market that continues to witness a lot of noisy activity. However, there are many grounds to believe that silver's value will decline below that of the dollar.

 

Silver's demand is expected to remain weak due to low consumer demand. At this point, I believe it is best to "fade the rise," since it will likely be just a matter of time until sellers re-enter the market. We're probably going to break up soon, and the $20 level above should provide a lot of resistance on the way up.

 

The risk of loss in trading Derivatives is substantial, therefore you should only risk money you can afford to lose. Please make sure you fully understand the risks associated with trading Derivatives, and seek independent advice if required. Our Product Disclosure Statement (PDS) is available here on our site or upon request from our offices and should be reviewed prior to any transaction. Raw Spread accounts start with 0 pip spreads and a fee of $3.50 every 100,000 USD transacted. No extra fees or commissions are associated with the standard account's spreads starting at 1 pips. Indicator CFD spreads begin at 0.4 points. No part of this site may be accessed by users located in any nation or other jurisdiction where doing so would be a violation of local law or regulation.

 

It's conceivable that sellers will enter the market even if we break over the $20 level, and then the 50 Day EMA will come into play. The 50-day moving average (MA) is currently at $20.73, and it's falling. In the end, I believe that many individuals will rush into this market as soon as it shows indications of tiredness. If the price drops below the hammer's base, it would be reasonable to assume that the $15 support level will be quickly breached.


Suggestion