EUR/USD 1.13865
0.150%
Gold 4071.52
1.116%
Oil 69.386
-2.717%
USD/JPY 161.751
-0.028%
GBP/USD 1.31980
0.059%
GBP/JPY 213.482
0.043%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 28th, according to the official WeChat account of Jiangsu News, Jiangsu Province has launched a series of precise and effective policy measures to stabilize the real estate market and further support urban renewal initiatives. At a Jiangsu Provincial Real Estate Investment Briefing held on the afternoon of June 26th, relevant departments explained the relevant policies recently issued by the provincial government to over 110 real estate entrepreneurs. This ever-expanding policy toolbox is rapidly translating into tangible benefits for urban renewal and the real estate market. Regarding policies to stabilize the real estate market, specific measures are proposed from three dimensions: land supply, development and construction, and property sales, within the framework of the "four ones" policy. At the meeting, all 13 prefecture-level cities in the province launched a batch of small, quick, and flexible high-quality land parcels, high-quality existing land parcels held by local state-owned enterprises, and key urban renewal projects.On June 28, Hong Kong Financial Secretary Paul Chan Mo-po published a blog post stating that Hong Kong is not only an important channel for attracting investment, but also a "key link" for mainland enterprises and products to go global, and a "converter" of standards and rules between technological innovation and the international market. Chan stated that under the national "dual circulation" development strategy, Hong Kongs international advantages can effectively assist mainland enterprises in connecting with the global market. The mainlands outstanding scientific and technological innovation capabilities can be efficiently linked with Hong Kongs international advantages, helping enterprises transform R&D results into overseas orders. At the same time, Hong Kong can introduce long-term international funding for hard-tech companies that require "patient capital," achieving "small-scale, early-stage, and long-term investment," supporting the growth of promising technology companies and emerging and future industries. Furthermore, Hong Kongs developing northern metropolitan area highly aligns with the strong entrepreneurial atmosphere of places like Xian, forming a positive cycle of mutual empowerment among education, technology, talent, and industry.Saudi Foreign Ministry: We strongly condemn Irans attacks on Kuwait and Bahrain and the threats to the safety and freedom of navigation in the Strait of Hormuz.Russian Ministry of Defense: In the past 24 hours, we have shot down 590 Ukrainian drones.Iranian Foreign Minister Araqchi: Israels withdrawal of troops from Lebanon and cessation of airstrikes against Lebanon are provisions of the interim agreement between Iran and the United States.

Silver price analysis: XAG/USD declines from a 13-day-old resistance line below $21.00

Daniel Rogers

Mar 13, 2023 11:37

 截屏2022-07-29 上午11.05.40.png

 

Silver price (XAG/USD) maintains modest gains near $20.60 as it probes the metal's retreat from a key short-term resistance line on Monday morning. Despite this, the XAG/USD maintains its three-day winning trend and extends yesterday's recovery from the lowest levels since November 4, 2022.

 

Nonetheless, the impending bear cross on the MACD and the bullion's inability to remain above the 200-SMA, not to mention the failure to cross a two-week-old resistance line, give Silver price bears reason for optimism.

 

Consequently, the bullion remains on track to retest the two-week-old horizontal support zone close to $20.40. However, the metal's further decline may make it difficult to break the $20.00 psychological magnet.

 

The focus will then shift to the monthly low of $19.95 and the November 2022 low around $18.85.

 

On the contrary, recovery movements remain elusive unless the XAG/USD remains below the downward-sloping resistance line from late February, around $20.90 at the latest. The $21.00 round number also functions as an upside filter.

 

The previous week's high near $21.30 may serve as the last line of defense for the XAG/USD skeptics if Silver purchasers maintain control above $21.00.


Suggestion