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1. Commerzbank: Expects the rate to remain unchanged at this meeting, with another rate hike in September. President Lagarde will emphasize inflation risks but is unlikely to commit to a September rate hike ahead of schedule. 2. Scotiabank: Expects the rate to remain unchanged at this meeting due to the current period of high uncertainty. However, market sentiment indicators suggest a hawkish stance remains dominant overall. 3. ING: Expects the rate to remain unchanged at this meeting, but the possibility of an unexpected rate hike cannot be ruled out. The central bank is expected to release hawkish signals, and a September rate hike remains the main market theme. 4. Daiwa Securities: Expects the rate to remain unchanged at this meeting. The September meeting will be a possible point for the next rate hike. The meeting statement is expected to continue to avoid forward guidance and reiterate that there is no predetermined path for interest rates. 5. TD Securities: Expects the rate to remain unchanged at this meeting. President Lagarde is expected to continue to leave open the possibility of a September rate hike at the press conference, but will not provide clear forward guidance. 6. Nuveen: Expects the rate to remain unchanged at this meeting, but will maintain a tighter tone. If renewed tensions drive up energy prices, the central bank will remain open to further tightening policy. 7. Deutsche Bank: Expects the meeting to keep interest rates unchanged and maintains its baseline expectation of a second and final rate hike (to 2.50%) in September. 8. Morgan Stanley: Expects the meeting to keep interest rates unchanged; only the uncertainty surrounding oil prices is enough to prompt the central bank to avoid a clear bias in either direction in its policy statement or press conference. 9. Danske Bank: Expects the meeting to keep interest rates unchanged; President Lagarde is expected to continue to maintain ample flexibility in the future policy path, leaving the possibility of a September rate hike uncommitted. 10. BNY Mellon: Expects the meeting to keep interest rates unchanged; the central banks policy communication will remain closely linked to its macroeconomic scenario, and a "severe" deterioration path remains a tail risk. 11. MUFG: The possibility of consecutive rate hikes at this meeting is extremely low; the continued rebound in energy prices supports the forecast of a further 25 basis point rate hike in September. 12. Nordea Bank: A July rate hike may not be under consideration by the central bank if energy prices do not rise significantly, but the probability of a September rate hike remains high, suggesting the central banks rate hike cycle is not yet over. 13. Reuters poll: All 74 economists said the central bank will keep rates unchanged in July. 52 of the 74 economists expect the central bank to raise rates again in 2026. 14. Franklin: Expects the European Central Bank to raise rates for the last time in September, then remain on hold and begin easing policy in 2027.July 23 - CaiKe New Energy (01986.HK) announced that it expects its profit for the six months ended June 30, 2026 to be no less than RMB118 million, representing a significant increase of no less than RMB88 million compared to the profit of approximately RMB30 million for the six months ended June 30, 2025, representing an increase of no less than 293.3%. The company also expects to record a profit attributable to owners of the parent company of no less than RMB90 million for the six months ended June 30, 2026, representing a significant increase of no less than RMB80.7 million compared to the profit attributable to owners of the parent company of approximately RMB9.3 million for the six months ended June 30, 2025, representing an increase of no less than 867.7%.A Reuters poll shows that 70% of economists expect the Bank of Japan to raise interest rates to at least 1.50% in the second quarter of 2027; 51% of respondents believe 1.50% is the terminal rate.A Reuters poll found that 79% of economists believe the yen is too weak at around 160 against the dollar relative to Japans economic fundamentals.New car registrations in the 27 EU countries rose 13.6% year-on-year in June (compared to 3.2% in the previous month).

Forecast for Silver Price: XAG/USD is rising quickly and is approaching the $20.00 mark

Alina Haynes

Sep 15, 2022 11:43

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Silver price recovers around the 50-day exponential moving average and advances towards a daily high of $19.69 on Wednesday after the US Labor Department reported that August PPI was in line with predictions of diminishing inflationary pressures on the producer side. Therefore, the XAG/USD is trading at $19.61, 1.86% higher than its initial price.

 

Before Wall Street opened, the Bureau of Labor Statistics (BLS) of the United States reported that the Producer Price Index (PPI) for August decreased by 0.1%, in line with expectations, while the year-over-year figure fell to 8.7%, less than the 9.8% reported in July. Meanwhile, the so-called core PPI, which excludes volatile goods, increased by 0.4% month-over-month and 7.3% year.

 

In the meantime, the US Dollar Index, a measure of the dollar's value against a basket of six currencies, ended Wednesday's session down 0.15 percent, at 109.648, weighed down by US Treasury yields, particularly the 10-year benchmark note rate, which remained unchanged throughout the day at approximately 3.404%.

 

The US Dollar Index reflects the aforementioned by declining by 0.09% and falling below the 110.000 barrier. Similarly, the US 10-year benchmark note rate exhibits signs of weariness, remaining flat at approximately 3.414%.

 

The fact that US 10-year TIPS yields, a proxy for actual yields, rose by only one basis point to 0.939% was a further factor supporting the white metal price.

 

On Thursday, the US economic calendar will contain jobless claims, retail sales, and the New York and Philadelphia Fed Manufacturing Indices, which will serve as a precursor to the ISM report in October.

 

The daily XAG/USD chart depicts the white metal as neutral to bearishly biased. Nonetheless, if silver buyers recapture the $20,000 threshold, this might pave the way for a test of a four-month-old downslope trendline near $20.20 prior to reaching the 100-day EMA at $20.39. A breach of the latter will reveal the cycle high from August 15 at $20.87, ahead of the psychological milestone of $21.00.


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