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September 1st - According to media reports, Huawei, Xiaomi, Honor, and other mobile phone brands have recently seen a collective price increase, affecting multiple models. Huawei customer service responded that the price increase was due to adjustments in the market prices of key materials, leading to increased product costs and corresponding price adjustments. Xiaomi customer service stated that the price increase was due to the continued rise in the procurement costs of core components, resulting in appropriate adjustments to the retail prices of related products. Honor customer service replied that product prices and promotions are adjusted according to market demand, and therefore, after comprehensive evaluation, appropriate adjustments were made to the prices of related products.September 1st - Light Origins officially released and open-sourced its general navigation brain, LightNav-0, on September 1st. This brain achieves state-of-the-art (SOTA) status in public visual language navigation (VLN) benchmarks.A senior official from Japans Ministry of Finance stated that Japans fiscal policy and the recent coordinated foreign exchange intervention were among the main topics of discussion during the meeting between Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter.A senior official from Japans Ministry of Finance stated that Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter discussed issues such as foreign exchange intervention during a bilateral meeting.On September 1st, it was reported that on August 31st, the leaders of the opposition parties, the "Chudo Reform Alliance," the Constitutional Democratic Party, and the Komeito Party, held a meeting in the Diet and formally decided to abandon the idea of a three-party merger at this stage. The "Chudo Reform Alliance," a new party formed by the Constitutional Democratic Party and the Komeito Party to counter the conservative Takashi City government, was announced on January 22nd. However, in the subsequent House of Representatives election, it won only 49 seats, far below expectations. Subsequently, members of the Constitutional Democratic Party and Komeito Party in the House of Councillors, as well as local organizations, who had originally planned to join the alliance, expressed increasing caution regarding further mergers, and the three-party merger ultimately failed. Japanese scholars believe that although the merger did not materialize, this is only one stage in the long-term restructuring process of Japans opposition parties, and they may continue to cooperate and seek restructuring in other forms in the future.

Silver Prices Face Downward Pressure Due to the Prospects of a Hawkish Fed and Uncertainty Regarding China's Lockdown

Drake Hampton

Apr 26, 2022 10:28

Silver prices have fallen as a result of the broader commodity sell-off. The dollar gained strength versus all major currencies as prospects for Fed tightening increased. Benchmark rates fell substantially today, following a spike at the end of last week in response to fears over China's covid shutdowns.

 

Gold prices fell to April lows around $1900 on forecasts of rate increases and a strong dollar. Oil prices fell as demand concerns arose as a result of China's Covid crisis.

 

Oil prices also fell as a result of a strong dollar, which makes commodities more expensive for holders of foreign currencies. Due to the Russian supply problem and Libyan supply disruptions, the oil market experienced tight supply conditions.

 

Bullard, president of the St. Louis Federal Reserve, suggested that a 75-basis-point rate hike may be necessary to tackle runaway inflation. While some policymakers have suggested that a greater rate hike would be detrimental to the economy, market participants have approved it.

 

Investors remain focused on Friday's release of the March Personal Consumption Expenditures Index, a key inflation indicator. Jerome Powell, chairman of the Federal Reserve, suggested that a 50-basis-point rate hike was expected in May.

Technical Evaluation

Silver prices fell 2.5 percent Thursday, below the 200-day moving average's major resistance level of 23.85. Silver prices will continue to decline as a result of the prospect of a 50-basis-point rate hike and may hit the December 2021 lows near the 21.4 level. Silver prices are harmed by hawkish Fed tightening.

 

Support is located near the $22.776 200-day moving average. Resistance is located near the $24.92 50-day moving average. Short-term momentum is negative but is turning positive following a crossover of the fast stochastic, which may indicate a crossover sell signal.

 

The medium-term momentum has shifted to the downside, as evidenced by the histogram's negative correlation with the MACD (moving average convergence divergence). The MACD histogram's trajectory is negative, indicating a downward trend in price movement.

 

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