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July 30th - Foreign media analysis suggests that while US President Trump continues to pressure newly appointed Federal Reserve Chairman Warsh to cut interest rates as soon as possible, Wall Street investors are increasingly betting on the opposite outcome. Recent escalation of the conflict with Iran, the implementation of a new round of global tariffs, the continued data center investment boom, and strong US consumption have collectively exacerbated market and Federal Reserve concerns about inflationary pressures, reinforcing expectations of continued tightening policies or even further interest rate hikes. The market widely expects the Federal Reserve to keep interest rates unchanged at its Wednesday meeting. However, whether Warsh, who took over as chairman at the end of May, can continue to suppress calls for rate hikes within the committee increasingly depends on whether inflation can continue to improve. Current polls show that the American public is not satisfied with Trumps economic performance, and higher interest rates will undoubtedly further dampen the economic performance the White House hopes to see. Trump has consistently called for rate cuts and reiterated this stance this week. However, even if the Federal Reserve ultimately chooses to raise rates, Trumps initial target may not be Warsh, but rather other Federal Reserve officials. Trump has already appointed three members to the seven-member Federal Reserve Board of Governors. Trump previously stated, "Kevin is excellent, but he also has a committee, and the members of that committee are very politicized. He wants to do the right thing, and I know what he wants to do, but he also needs the approval of some people who may have ulterior motives. Interest rates should go down."Bank of Canada meeting minutes: The ongoing conflict in the Middle East has increased the upside risks to inflation.Bank of Canada meeting minutes: The possibility of new tariffs imposed by the United States is a "constant downside risk".Bank of Canada meeting minutes: Some members expressed concern about signs of rising medium-term inflation expectations, but all members agreed that long-term inflation expectations remained solid.Bank of Canada meeting minutes: Nevertheless, members noted that uncertainty remained high, partly due to the unpredictability of the Middle East conflict.

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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