EUR/USD 1.13341
0.181%
Gold 3391.27
1.718%
Oil 58.379
2.486%
USD/JPY 142.636
-0.742%
GBP/USD 1.33842
0.665%
GBP/JPY 190.909
-0.042%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Moodys executive: Argentinas rating upgrade is possible, but will be quite gradual.The annual rate of U.S. Red Book commercial retail sales for the week ending May 3 was 6.9%, compared with 6.1% in the previous week.Indian Prime Minister Modi: The agreement with the UK further deepens our comprehensive strategic partnership, promoting trade, investment, growth, job creation and innovation.Indian Prime Minister Modi: India and the United Kingdom have successfully concluded a mutually beneficial free trade agreement.On May 6, Poland, which is currently serving as the rotating presidency of the European Union, clarified its position on the US tariffs in the European Parliament. Adam Shwapka, Polish Minister of EU Affairs, said that if trade negotiations with the United States fail, the EU will consider all options to defend its interests, including filing a lawsuit with the World Trade Organization. On the same day, Shwapka reiterated in a debate in the European Parliament that the United States has no basis for imposing additional tariffs on the EU. "Tariffs are essentially taxes paid by companies and ultimately borne by consumers. It will push up import costs, disrupt supply chains, and force companies to either absorb costs themselves or raise prices, thereby exacerbating inflation." Shwapka believes that although the EU welcomes the US decision to suspend some tariffs for 90 days, it is still deeply concerned about the uncertainty that potential new tariffs and US government policies will bring to the global economy.

Prediction for Silver Price: XAG/USD falls below $21.60 as USD Index recovers amid global worries

Daniel Rogers

Feb 20, 2023 11:04

261.png 

 

During the Tokyo session, the silver price (XAG/USD) experienced a sharp decline to close to $21.55. The white metal fell like a house of cards as geopolitical tensions intensified the theme of risk aversion. Silver price is predicted to continue its downside momentum as the fears of a comeback in the United States inflation have joined the US-China tensions.

 

The US Dollar Index (DXY) has rallied firmly to approximately 103.70 as the geopolitical tensions-inspired volatility has driven investors to hide behind safe-haven assets. The mood on the market has been dimmed by the US ambassador to China's warnings if Beijing chose to provide lethal military aid to Russia for its invasion of Ukraine. Additionally, three rockets from North Korea on Japan’s Exclusive Economic Zone (EEZ) have poured fuel to the fire.

 

S&P500 futures have extended their losses as the resurgence of inflation fears in the United States has raised warning flags for the upcoming economic recovery. The Federal Reserve (Fed) might continue rising interest rates after a comeback in the prices of goods and services at the factory gates and a revival in consumer spending, expressed by positive Retail Sales statistics. Monday will be a holiday in the United States, so the financial markets will be closed.

 

Thursday's Gross Domestic Product (GDP) report will be closely scrutinized by investors for more advice. It is anticipated that the preliminary annualized GDP for the fourth quarter would remain unchanged at 2.9%.


Suggestion