EUR/USD 1.15972
-0.073%
Gold 4457.39
-0.548%
Oil 103.347
0.022%
USD/JPY 158.927
-0.084%
GBP/USD 1.33893
-0.036%
GBP/JPY 212.795
-0.115%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 20, President Xi Jinping held a ceremony at the East Gate Square of the Great Hall of the People in Beijing to welcome Russian President Vladimir Putin on his visit to China.On May 20th, Futures reported that since mid-to-late April, the Shandong civil gas market has been caught in a dilemma, consolidating within a narrow range, with prices fluctuating mainly between 6300-6500 yuan/ton. The price increase was hampered primarily by weak demand: rising temperatures led to a slowdown in combustion demand, coupled with concentrated maintenance shutdowns at deep-processing plants such as isobutane dehydrogenation plants, resulting in a significant decline in chemical demand. Some chemical resources were forced to flow back into the combustion market, increasing supply pressure. The key support preventing a price decline came from the opening of an arbitrage window for resource outflows: Due to maintenance shutdowns and tight port supplies in the south, the price difference between Shandong and the south widened, opening out outflow channels and providing a floor for local prices. In addition, high crude oil prices provided cost support, while weak MTBE and poor dehydrogenation profits created a reverse restraint. In the short term, chemical demand continues to decline, and resource outflows may be suppressed, leading to expectations of a price decline; however, some maintenance units are expected to resume operations at the end of the month and beginning of the next, gradually restoring chemical demand. It is expected that the room for a deep price drop is limited, and a subsequent rebound is still possible.Japans National Institute for Disaster Resilience and Safety (NIED) has preliminarily determined the magnitude of the earthquake in Japan to be 6.2.According to NHK, an earthquake with an intensity of 5+ struck the Amami region of Kagoshima Prefecture, Japan. The initial magnitude was 5.9, and no tsunami warning was issued.On May 20, the State Council Taiwan Affairs Office held a regular press conference, where spokesperson Zhu Fenglian answered reporters questions. One reporter asked, "Following the meeting between the Chinese and US leaders, US President Trump stated in an interview that he does not want Taiwan to be independent. How does the mainland interpret this signal from the US? Does it call on the DPP authorities to return to dialogue based on the 1992 Consensus?" Zhu Fenglian replied, "President Xi Jinping pointed out in his talks with President Trump that the Taiwan issue is the most important issue in China-US relations. If handled well, bilateral relations can maintain overall stability; if handled poorly, the two countries will clash or even clash, pushing the entire China-US relationship into a very dangerous situation. Taiwan independence and peace across the Taiwan Strait are incompatible. Maintaining peace and stability across the Taiwan Strait is the greatest common denominator between China and the US. The US understands Chinas position, values Chinas concerns, and, like the international community, does not recognize or accept Taiwans path to independence. The DPP authorities stubborn adherence to their Taiwan independence separatist stance and their refusal to acknowledge the 1992 Consensus, which embodies the one-China principle, is the biggest source of chaos for peace and stability across the Taiwan Strait. They will inevitably suffer the consequences and be condemned by history and the people."

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