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May 28th - Minutes from Thursdays meeting revealed that the European Central Banks decision last month to keep interest rates unchanged was a "difficult choice" for some policymakers; given persistently high signs of inflation, they could hardly ignore the energy-related shocks. The ECB minutes stated: "Several members indicated that the decision was difficult; they would not have objected if a rate hike had been on the agenda at this meeting." The ECB also stated: "Since the last meeting, the value of pausing rate hikes to preserve policy options has diminished; meanwhile, the appropriateness of simply adopting a temporary ignore approach to the current situation has become increasingly less relevant."On May 28th, He Xiaopeng, Chairman of XPeng Group (09868.HK), stated during the companys Q1 earnings call that the R&D of XPengs next-generation IRON humanoid robot, geared towards mass production, is progressing smoothly and is about to enter the ET2 hardware and software integration phase, with a planned official launch in Q3 this year. XPeng aims to achieve mass production of high-end humanoid robots by the end of this year, initially for trial commercial use in XPeng stores, and starting deliveries to commercial customers in China and overseas next year. From next year onwards, revenue from humanoid robot hardware and AI model revenue will be one of the key drivers of XPeng Groups revenue and gross profit growth.On May 28th, He Xiaopeng, Chairman of XPeng Group (09868.HK), stated during the companys Q1 earnings call that the fully redundant XPeng GX fleet is already conducting small-scale public road L4 testing in Guangzhou. XPeng aims to launch a passenger-carrying Robotaxi demonstration operation service in Guangzhou in the third quarter of this year. Furthermore, He Xiaopeng revealed that XPengs advanced intelligent driving system has begun certification in Europe, and the second-generation VAL is currently being tested there. The company hopes to obtain regulatory approval from several European countries by early next year and gradually roll it out to users. He Xiaopeng stated that XPeng will build a win-win Robotaxi ecosystem. After the second-generation VAL is launched overseas, XPeng will actively explore deploying economical Robotaxi services in both domestic and overseas markets.European Central Bank meeting minutes: Some officials believe that some second-round effects are inevitable.Ukrainian President Zelensky: The first batch of Griffin fighter jets is expected to be received between December and January next year.

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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