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February 1st - U.S. House Speaker Boris Johnson stated in an interview with NBC News "Meet the Press" on Sunday that he believes he has secured the Republican vote to ensure the partial government shutdown ends by Tuesday. "I believe we can get this done by at least Tuesday. One real issue we face is how to get everyone back to town," he said. A previous snowstorm disrupted transportation in the southeastern United States, causing ongoing traffic problems.1. Monday: ① Data: Chinas January RatingDog Manufacturing PMI; UKs January Nationwide House Price Index (MoM); Switzerlands December Retail Sales (YoY); Final January Manufacturing PMIs for France, Germany, UK, and the Eurozone; US January S&P Global Manufacturing PMI (Final); US January ISM Manufacturing PMI. ② Events: Bank of Japan releases summary of opinions from its January Monetary Policy Meeting. 2. Tuesday: ① Data: Reserve Bank of Australia (RBA) interest rate decision (to February 3); Frances preliminary January CPI (MoM); US December JOLTs job openings. ② Events: Domestic refined oil prices will enter a new adjustment window; 2027 FOMC voting member and Atlanta Fed President Bostic speaks; RBA releases interest rate decision and monetary policy statement; RBA Governor Bullock holds a monetary policy press conference; Federal Reserve Governor Bowman speaks. 3. Wednesday: ① Data: US API and EIA crude oil inventory data for the week ending January 30; Chinas January RatingDog Services PMI; final January Services PMI readings for France, Germany, the Eurozone, and the UK; Eurozones preliminary January CPI year-on-year and month-on-month CPI readings; Eurozones December PPI month-on-month readings; US January ADP employment changes; final US January S&P Global Services PMI; US January ISM Non-Manufacturing PMI. ② Earnings: AMD. 4. Thursday: ① Data: Frances December industrial production month-on-month; Eurozones December retail sales month-on-month; UK central bank interest rate decision to February 5; Eurozones ECB deposit facility rate to February 5; Eurozones ECB main refinancing rate to February 5; US January Challenger job cuts; US initial jobless claims for the week ending January 31; US January Global Supply Chain Stress Index; US EIA natural gas storage for the week ending January 30. ② Events: Saudi Aramco announces its official crude oil prices around the 5th of each month; the Bank of England releases its meeting minutes and monetary policy report, and Bank of England Governor Bailey holds a monetary policy press conference; European Central Bank President Lagarde holds a monetary policy press conference [with simultaneous interpretation]; Atlanta Fed President Bostic, a 2027 FOMC voting member, participates in a dialogue and Q&A session on monetary policy. ③ Earnings Reports: Alphabet (Googles parent company), Qualcomm. 5. Friday: ① Data: German December seasonally adjusted industrial production month-on-month, German December seasonally adjusted trade balance; UK January Halifax seasonally adjusted house price index month-on-month; French December trade balance; Swiss January seasonally adjusted unemployment rate; Canadian January employment change; US January unemployment rate, US January seasonally adjusted non-farm payrolls, US January average hourly earnings year-on-year, US January average hourly earnings month-on-month, US 2025 non-farm payrolls benchmark change final value (unadjusted), US February one-year inflation rate expectation preliminary value, US February University of Michigan consumer sentiment index preliminary value. ② Events: Bank of Canada Governor Macklem speaks; Reserve Bank of Australia Governor Bullock testifies before Parliament. ③ Earnings Report: Amazon. ④ Holiday: New Zealand Stock Exchange closed. 6. Saturday: ① Data: US total oil rig count for the week ending February 6; Chinas foreign exchange reserves for January.U.S. House Speaker Johnson: I have full confidence in the Secretary of Homeland Security.According to NBC News: U.S. House Speaker Boris Johnson said he is confident of securing enough votes to end the partial government shutdown by at least Tuesday.1. Xiaomi Auto: January deliveries exceeded 39,000 units. 2. XPeng Motors: January deliveries totaled 20,011 new vehicles. 3. Great Wall Motors: January sales of new energy vehicles reached 18,029 units. 4. Voyah: January deliveries reached 10,515 units, a year-on-year increase of 31%. 5. Wenjie Auto: January deliveries reached 40,016 units, a year-on-year increase of 83%. 6. SAIC-GM: January terminal deliveries reached 51,005 units, a year-on-year increase of 8.2%. 7. HarmonyOS: January cumulative deliveries reached 57,915 units, a year-on-year increase of 65.6%. 8. Leapmotor: January deliveries reached 32,059 units, a year-on-year increase of 27%. 9. GAC Group: January new energy vehicle sales reached 26,000 units, a year-on-year increase of 162.9%. 10. Seres: January new energy vehicle sales reached 43,034 units, a significant year-on-year increase of 140.33%. 11. Chery Automobile: The groups total sales across its five brands in January were 191,496 vehicles, a year-on-year decrease of 10.7%. 12. Geely Automobile: In January, new energy vehicles accounted for 46% of sales, totaling 124,252 units, a year-on-year increase of 3%. 13. GAC Trumpchi: In January, total sales across its entire lineup reached 26,937 units, a month-on-month increase of 25.07% and a year-on-year increase of 2.06%. 14. NIO: In January, 27,182 new vehicles were delivered, a year-on-year increase of 96.1%. Cumulative deliveries have reached 1,024,774 units. 15. Li Auto: In January, 27,668 new vehicles were delivered. As of January 31, 2026, the historical cumulative deliveries will be 1,567,883 units. 16. BYD: In January 2026, new energy vehicle production was 232,358 units, a year-on-year decrease of 29.13%; sales were 210,051 units, a year-on-year decrease of 30.11%.

Silver Price Analysis: XAG/USD Breaks Below the 200-Day Moving Average and Extends Its Drop Below $21.90

Daniel Rogers

Feb 15, 2023 14:33

 截屏2022-06-15 下午4.06.22_1024x576.png

 

Silver price remains below the bottom-trendline of a megaphone formation and below the 200-day Exponential Moving Average (EMA) at 21.95, a bearish indication for the white metal. A daily close below the latter would open the path for more losses, it should be noted. XAG/USD trades at $21.84 per troy ounce at the time of writing, following reaching a daily high of $23.

 

After falling below the bottom trendline of a megaphone formation, the XAG/USD has been unable to rebound $22.50, exposing the 200-day exponential moving average. A daily close is required to further solidify a change in the neutral bias to neutral-downwards, and it will reveal support zones that have not been tested since December of 2022.

 

If this scenario materializes, the first support for XAG/USD would be the daily low of $20.87 from November 28, followed by the swing low of $20.59 from November 21. Once the psychological level of $20.00 was cleared, it would be up for grabs.

 

In an alternative scenario, the XAG/initial USD's point of resistance would be the 200-day exponential moving average (EMA) at $21.94, preceding the $22.00 level. Once broken, Silver might target inside the megaphone formation, but first it must break the $22.20 support trendline.

 

It should be noted that oscillators such as the Relative Strength Index (RSI) indicate a negative continuation, whereas the Rate of Change (RoC) indicates that sellers are losing momentum. Consequently, the XAG/USD may settle in the region between $21.60 and $22.00, expecting a new catalyst before establishing its direction.