EUR/USD 1.13966
0.238%
Gold 4031.02
0.110%
Oil 69.979
-1.886%
USD/JPY 161.580
-0.134%
GBP/USD 1.32079
0.134%
GBP/JPY 213.418
0.013%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The yield on German two-year government bonds fell to a seven-week low of 2.508% after the release of the European Central Banks consumer expectations survey, down 3 basis points on the day.On June 26th, Fitch Ratings BMI Commodities Research division remained bullish on gold, maintaining its 2026 average gold price forecast of $4,600 per ounce. The firm also believes the Federal Reserve will not make any moves on interest rates this year. As noted last week, the Feds hawkish tone has fueled expectations of rate hikes, posing a significant downside risk to gold. However, as long as inflationary pressures related to the Middle East conflict materialize as expected, and with the recent US-Iran agreement beginning to subside, the most likely outcome is that interest rates will remain unchanged for an extended period. Short-term gold price movements may be driven by Fed policy signals, and precious metals are susceptible to market expectation repricing and a renewed strengthening of the US dollar in the short term.June 26th - A survey released by the European Central Bank (ECB) on Friday showed that eurozone consumers lowered their inflation expectations for the next year in May, while long-term expectations remained stable. This indicates that the ECB is not facing pressure to raise interest rates again quickly. Some ECB policymakers said that further tightening of monetary policy is still needed to curb inflation expectations, but there is still considerable disagreement within the ECB regarding the timing of the next move. The ECB consumer expectations survey showed that consumers expectations for inflation over the next year fell from 4.0% in April to 3.5% in May; their expectations for inflation over the next three and five years remained unchanged at 2.9% and 2.4%, respectively. Based on a survey of approximately 19,000 adults in 11 eurozone countries, the ECB stated: "Uncertainty about inflation expectations over the next 12 months has decreased, but remains higher than before the outbreak of the Middle East wars." As in the past, lower-income groups reported higher current inflation perceptions and expectations than other groups, while younger people reported relatively lower inflation perceptions and expectations. Financial markets currently expect the ECB to raise interest rates one or two more times, with the next rate hike not being fully priced in by the market until the fall.European Central Bank: Consumer pessimism about GDP growth prospects has eased.European Central Bank: Revenue growth is expected to reach 1.0% over the next year (previously forecast at 0.8%).

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