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The chart shows that at 23:00 Beijing time on February 9th, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. There are 5 contracts with strike prices exceeding 1 billion. Please manage your risks.February 9th - RHB Retail Research analyst Joseph Chai noted in a report that, from a technical perspective, the gold bulls may be strengthening. Analysis shows that COMEX gold futures have broken through the 20-day simple moving average on the daily chart. Based on this renewed upward momentum, the precious metal is expected to break further upwards and strengthen towards $5,500/ounce. Until this breakout is achieved, the bank currently maintains a bearish bias on gold.February 9th - Samsung Display is evaluating expanding its OLED panel production capacity for Apples foldable products, following Apples plans to release a smaller foldable iPhone Flip after the larger foldable iPhone Fold. Samsung Display is considering investing in additional foldable OLED production equipment at its A4 factory in Asan, South Chungcheong Province, South Korea, focusing on upgrading backplane-related processes, including thin-film transistor (TFT) production lines. The overall direction has been determined, and once internal approval of the specific investment scale is completed, related capital expenditures are expected to begin in the second quarter of this year.Century Hengtong: The company has not yet cooperated with Weibo on any content review services.February 9th – At a regular press conference on February 9th, Foreign Ministry Spokesperson Lin Jian addressed a reporters question regarding the Japanese House of Representatives election. Lin Jian stated that China urges the ruling Japanese authorities to face up to, rather than ignore, the concerns of the international community, and to follow the path of peaceful development rather than repeating the mistakes of militarism. He stressed the need to abide by the four political documents between China and Japan, rather than betray them. He asserted that if the far-right forces in Japan misjudge the situation and act recklessly, they will inevitably face resistance from the Japanese people and a strong counterattack from the international community. Chinas policy towards Japan remains stable and consistent and will not change due to any single Japanese election. He reiterated Chinas urging to Japan to retract its erroneous remarks regarding Taiwan made by Kaohsiung City and demonstrate its basic sincerity in upholding the political foundation of China-Japan relations through concrete actions.

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.

 

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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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