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Nick Timiraos, a mouthpiece for the Federal Reserve, stated that the majority of (US) single-family rental properties are owned or managed by small landlords. Institutional investors have accounted for only about one percent of total home purchases in recent years. This comes after Trump announced he would ban Wall Street investment in single-family homes.The yield on Japans 5-year government bonds fell 3.0 basis points to 1.550%.Samsung Electronics reported a 208% surge in profits, exceeding expectations. This growth was driven by a surge in global demand for AI servers, leading to a sharp rise in memory chip prices. Samsung recently announced preliminary operating profit of 20 trillion won (approximately $13.8 billion) for the December quarter, compared to analysts average expectation of 17.8 trillion won. Revenue increased by 23% to 93 trillion won. Samsungs stock market capitalization has more than doubled by 2025 and climbed sharply again this month, reflecting expectations of its outstanding quarterly results.Futures News, January 8th - According to foreign media reports, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open lower on Thursday morning, following the decline in external markets. Weakness in Chicago soybean oil futures and a drop in international crude oil futures will drag down the early performance of the Malaysian crude palm oil futures market. Declining Malaysian palm oil exports and potentially increasing inventories will also be unfavorable for prices. Shipping surveyors reported that Malaysian palm oil exports in December decreased by 5.2% to 5.8% month-on-month. Analysts estimate that palm oil inventories at the end of December will rise to their highest level in seven years. The Malaysian Palm Oil Board (MPOB) will release December palm oil supply and demand data next Monday.January 8th - According to foreign media reports, U.S. Republican Senator Lindsey Graham stated that President Trump has "approved" a bipartisan sanctions bill against Russia. The Republican senator also expressed hope that the bill could be voted on as soon as possible next week. In a statement on Wednesday, Graham said, "Today, I had a productive discussion with President Trump on a range of issues, and he approved this bipartisan sanctions bill against Russia. I look forward to a strong bipartisan vote for the bill and hope it can be held as early as next week." He added, "This bill will enable President Trump to punish countries that buy cheap Russian oil."

Silver Price Analysis: XAG / USD declines from a crucial EMA confluence below $22.00

Alina Haynes

Mar 16, 2023 13:51

As it consolidates the previous day's gains and extends a retracement from a five-week high, the silver price (XAG/USD) retests its intraday low near $21.70 early Thursday. In doing so, the precious metal represents the fourth consecutive day that it has failed to cross the convergence of the principal Exponential Moving Averages (EMAs).

 

In spite of this, the 50-EMA joins the 100-EMA and 200-EMA in highlighting the $21.80-$90 region as a difficult nut to break for Silver buyers.

 

Nonetheless, bullish MACD signals and an upward-sloping trend line from early September 2022 limit the immediate downside of the XAG / USD around $20.00.

 

Prior to that, the previous weekly highs of approximately $21.30 and $20.00 could entice the Silver bears.

 

In the event that the Silver price remains adverse beyond $20.00, a decline to the November 2022 low near $18.80 cannot be ruled out.

 

On the other hand, a daily close above $21.90 appears required for the XAG / USD investors to regain control.

 

Even so, the $22.00 threshold and January's low near $22.75 could present a challenge to Silver purchasers before they gain control.

 

Overall, the Silver price does not enter the buyer's radar until it surpasses $21.90. However, the negative appears to be limited as well.


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