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Hong Kong-listed robotics stocks rallied in the afternoon, with Horizon Robotics (09660.HK) surging over 15%, Hesai-W (02525.HK) rising over 5%, and MicroPort Robotics (02252.HK) and RoboSense (02498.HK) following suit.Bank of England Chief Economist Peel: Monetary policy has not been tight enough in the past few years.June 29th news: From June 22nd to June 28th, the national logistics operation data is as follows: National railway freight transported 80.026 million tons, a decrease of 0.89% compared to the previous period; 54.793 million trucks passed through national expressways, an increase of 8.91% compared to the previous period; monitored ports completed a cargo throughput of 270.279 million tons, an increase of 3.09% compared to the previous period, and a container throughput of 7.215 million TEUs, an increase of 5.27% compared to the previous period; civil aviation handled 122,000 flights (including 5,118 cargo flights, of which 3,378 were international cargo flights and 1,740 were domestic cargo flights), an increase of 4.90% compared to the previous period; postal and express delivery collection volume was approximately 3.892 billion pieces, a decrease of 4.70% compared to the previous period; delivery volume was approximately 3.909 billion pieces, a decrease of 4.98% compared to the previous period.June 29th - Thomas Mathews, Head of Asia Pacific Markets at Capital Economics, stated in a report that the rally in US Treasuries that previously drove yields lower is expected to lose momentum, while German bonds may rise further. He said that US Treasuries face some key tests this week. He pointed out that one of the key reasons for the Federal Reserves rate cuts is to protect the health of the labor market. "But labor market momentum has strengthened recently, and we expect the US June jobs report, to be released later this week, to be strong again," Mathews said. It is becoming increasingly clear that labor market conditions will not be a reason to postpone tightening policy. "This may be the biggest risk facing US Treasuries in the near term, but it is not the only risk."On June 29th, Baidu officially released and open-sourced its end-to-end OCR model, Unlimited OCR. The model topped the GitHub Daily Trending and Python charts the day after its release, and also ranked first on HuggingFaces global overall model trending chart and multimodal model trending chart. Unlimited OCR is designed for long document parsing scenarios, with a total parameter size of 3B and only about 570M activation parameters during inference. Public evaluation results show that Unlimited OCR achieved a 93.92% overall score in the OmniDocBench v1.6 benchmark test, setting a new record for end-to-end OCR.

Silver Prices Fall Slightly Amid Strong Employment Data and a Firmer Dollar

Drake Hampton

Apr 02, 2022 09:45

Tips 

  • Silver prices fell somewhat as yields and the dollar increased.

  • The dollar increased in value while the euro fell, as Russia-Ukraine remains a point of contention.

  • Following good employment reports, a critical portion of the yield curve inverted.

  • Oil prices have swung wildly as the EIA considers expanding its oil reserves.

 

Silver prices fell slightly but remained mostly unchanged on Friday as benchmark yields increased. The yield curve's 2s-10s segment, a crucial segment of the curve, is inverted following positive job statistics. Gold prices have fallen as rates have increased and the dollar has gained. Oil prices fell in erratic trading as members of the International Energy Agency (IEA) met to discuss the release of further oil reserves and the United States' intention to deploy 180 million barrels, or one million barrels per day, over the next six months. This is the largest release from the US Strategic Petroleum Reserves in history (SPR). Regardless of the release of reserves, oil supply will remain a problem in the coming months.

 

On Friday morning, a slew of economic figures were revealed. Nonfarm payrolls, a proxy for the total number of workers in the United States, increased by 431,000 in March. Despite rising inflation and the possibility of an economic slump, the reading came in slightly below the consensus prediction of 490,000 people. Unemployment decreased by 0.2 percent to 3.6 percent, falling short of estimates of 3.7 percent. Hourly wages increased by 0.4 percent on average, in line with predictions. The reading is used to closely monitor inflation. Today's economic numbers were unsurprising, indicating that the Fed will most likely hike rates at each of the remaining six FOMC meetings this year.

Technical Evaluation

Silver prices fell but recovered, stabilizing near the 24.72-24.78 zone as the dollar and yields strengthened as a result of the jobs report. The recently announced jobs data indicates a stronger labor market, implying that the Fed will continue its hawkish posture and proceed with six rate hikes. Additionally, progress in the Russia-Ukraine peace negotiations indicates a decreasing trend in prices. Silver prices have a finite upward potential.

 

Resistance is located near the 10-day moving average, which is located near 25.02. Support is located near the 50-day moving average, which is located near 24.04. Short-term momentum shifted negative as the fast stochastic crossed below the zero line, signaling a sell signal.

 

The medium-term momentum is negative, as indicated by the histogram's negative correlation with the MACD (moving average convergence divergence). The MACD histogram's trajectory is negative but decelerating, indicating an upward trend in price movement.

 

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