EUR/USD 1.16893
-0.078%
Gold 4764.15
-0.027%
Oil 91.532
-0.438%
USD/JPY 159.241
0.167%
GBP/USD 1.34175
-0.130%
GBP/JPY 213.666
0.056%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 10th, the "Guiding Opinions on Promoting the High-Quality Development of the Biomedical Industry in Zhejiang Province (Draft for Public Comment)" was released for public comment. The draft emphasizes releasing the value of data elements. It calls for accelerating the construction of the Zhejiang Provincial Medical and Bioinformatics Database, building a reliable data utilization space for the industry, exploring pathways for data resource and assetization, and aiming to create 50 high-quality corpora and industry datasets by 2030. It also explores the development and utilization of medical insurance data such as disease spectrum data to meet the needs of innovative drug research and development. Furthermore, it proposes establishing a biomedical zone in the Zhejiang Big Data Exchange Center to explore and promote the development, registration, and trading of biomedical data products.On April 10th, the Hong Kong Monetary Authority (HKMA) announced that it will release the first batch of stablecoin licenses at 5 PM. Following the announcement, licensed stablecoin issuers will meet with the media. The HKMA completed the final review of the first batch of applications in mid-March 2026 and is currently in the official public announcement preparation stage. The HKMA received 36 applications, and plans to issue 2-3 licenses in the first batch, with stringent regulatory standards. In early February, HKMA Chief Executive Eddie Yue stated that the goal was to issue the first batch of stablecoin issuer licenses in Hong Kong in March of this year. He also emphasized, "The number of licenses issued in the first batch will definitely be small, with a focus on stability."April 10th - According to Morgan Stanley, after six weeks of dramatic volatility in commodity prices, golds traditional role as a portfolio risk management tool has been called into question. Morgan Stanleys metals and mining strategist, Amy Gower, stated, "Gold is currently behaving more like a risk asset than a safe-haven asset. Normally, it should be a diversification tool in a portfolio, but that hasnt happened yet." Gower acknowledged that golds weakness after the shock was "normal" as investors rushed for liquidity, but she pointed out that gold prices are increasingly influenced by the trading behavior of large holders such as central banks and ETFs.On April 10th, Jiangsu Yueda Automobile Group Co., Ltd. issued a statement saying that recent online rumors regarding "Chery Automobile taking over the HiPhi Yancheng plant" and "Chery is coming" have attracted widespread attention. "The statements in related media reports about Chery taking over the HiPhi plant are false information," Yueda Automobile Group stated. The company clarified that Yueda Kias first plant previously collaborated with Human Horizons Technology to produce HiPhi vehicles, and ownership has remained unchanged; there is no situation where it has been "taken over by Chery."The Japan Meteorological Agency estimates there is a 70% probability of an El Niño event this summer.

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