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September 17th - New home construction in the U.S. unexpectedly slowed in August, falling to one of its weakest levels since the pandemic, reflecting a sharp decline in multi-family home starts. According to federal government data released Thursday, housing starts fell 2.6% to an annualized rate of 1.28 million units. Multi-family home starts fell nearly 22% to an annualized rate of 357,000 units. Single-family home starts rose 7.6% to an annualized rate of 918,000 units, the fastest growth since March, primarily driven by growth in the West and Midwest. Despite the increase in single-family home starts last month, the residential real estate market continues to face challenges against the backdrop of rising mortgage rates and limited affordability. Given that housing inventory remains well above pre-pandemic levels, developers may also be reluctant to accelerate new home construction.On September 17th, it was learned from NetsUnion Clearing Corporation that since 2026, the number and value of mobile payment transactions for inbound travelers to China through NetsUnions services have increased by approximately 70% and 40% year-on-year, respectively, with the total transaction volume accounting for over 70% of the overall market share. To optimize the payment experience for foreign nationals visiting China, NetsUnion is promoting "internal binding of foreign cards" for users in Europe and the United States who are accustomed to using bank cards, achieving seamless integration between overseas bank cards and domestic QR code payments, covering users in over 200 countries and regions. For users in Southeast Asia and other regions who are accustomed to using local wallets, the focus is on promoting "internal use of outsourced wallets," supporting the direct use of overseas wallets in China, with access covering 16 mainstream overseas wallets in 11 countries and regions. Furthermore, NetsUnion is optimizing the "internal use of outsourced wallets" ecosystem to improve the outbound payment experience for domestic wallet users, with its acceptance network covering 220 countries and regions and access to over 70 million QR code merchants, helping Chinese payments go global and promoting the use of the RMB.Faraday Future (FFIE.O): As of July 31, the company has regained compliance with Nasdaqs compliance requirements. Nasdaq will continue to monitor the companys continued compliance.Market news: Microsoft (MSFT.O), Marwell Technology (MRVL.O), and Utimaco will launch the industrys first secure, cloud-scale payment solution.The National Highway Traffic Safety Administration (NHTSA) reports that Chrysler has filed a recall application for 97,349 vehicles in the United States.

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

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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.

 

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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.


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