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On June 6, the Argentine Ministry of Health announced on June 5 that it would expand its investigation into the Hantavirus by sending an expert team to Mendoza Province in western Argentina. In a statement, the Ministry said that based on rodent behavior and epidemiological criteria, the expert team decided to expand the investigation to Mendoza Province. A team comprised of experts from the Carlos Malván Institute of the National Institute of Laboratories and Health of Argentina and the U.S. Centers for Disease Control and Prevention will conduct the investigation in Mendoza Province from June 8 to 12. The team will set traps to capture rodents such as the long-tailed dwarf rice rat, which are linked to the spread of Hantavirus. All samples will undergo preliminary processing in the on-site laboratory and then be temporarily stored at a local facility before being transported to the Malván Institute.June 6th - Stronger-than-expected US non-farm payroll data for May ignited market concerns about a Federal Reserve rate hike this year. On Friday, previously crowded and highly valued AI and technology stocks suffered a sharp decline, while gold and silver prices also plummeted. Ryan Detrick, chief market strategist at Carson Group, noted, "The technology and semiconductor sectors have experienced a record rally over the past nine weeks, and today the market dam finally broke. The stronger-than-expected jobs report has put the Fed in a dilemma regarding whether to cut rates for the remainder of the year, and the market is expressing its dissatisfaction by selling off its best-performing stocks this year." Phil Streible, chief market strategist at Blue Line Futures, pointed out that some investors reduced their gold holdings to offset losses in other assets, exacerbating the selling pressure on precious metals. Bart Melek, global head of commodities strategy at TD Securities, stated, "The non-farm payroll data significantly exceeded market expectations. Given the ongoing Middle East wars, high energy prices, and significant inflationary pressures, the Fed has virtually no intention of cutting rates. In this context, the cost of holding gold is becoming increasingly high."June 6th - In Jinan, AI models are now being mass-produced on assembly lines, much like automobiles. The first step in producing AI models begins in the data workshop, essentially the raw material warehouse for the entire large model factory. Massive amounts of raw data are cleaned, filtered, and labeled here, transforming them into qualified raw materials for model production. The second step is model forging. In the model workshop, the employees on the production line are the "large models" themselves, and various large models become "digital craftsmen," training the models according to order requirements. The trained AI models then enter the third step: rigorous final testing. What leaves the model workshop is only a semi-finished product. In the factorys evaluation center, new models are constantly given "tests." If they fail the test, they are sent back for rework. Only by passing the rigorous "final test" can the model enter the market. Passing the test leads to the fourth step—integration training. In the integration workshop, the models are "integrated" into robotic arms and robots. Through repeated motion collection and training, the AI or intelligent agent can master physical skills before it can empower various industries. The seemingly simple four-step process actually includes 75 meticulous procedures, reducing the AI model development cycle from 90 person-days to 20 person-days.On June 6, Mohsen Rezaei, military advisor to Irans Supreme Leader, warned in an interview with CNN on June 5 that if the fighting continues and the US does not lift its naval blockade of Iran, the conflict could spread to a wider area, including the Indian Ocean, and Iran would also strike more US military bases, at which point the US would suffer "very heavy" losses.Jamaican Energy Minister Daryl Wass said on social media on the 5th that Jamaica experienced a nationwide blackout that day, with several administrative districts losing power. The cause of the failure is still under investigation, and the national power company has begun emergency repairs.

Silver Price Analysis: Bulls maintain control of the XAGUSD and could target the $22.50 supply zone

Alina Haynes

Nov 11, 2022 17:35

 截屏2022-11-08 下午5.37.02_1024x576.png

 

On Friday, silver extends its breakout momentum through the extremely significant 200-day simple moving average for a second consecutive session. During the early European session, the white metal reaches a five-month high, but struggles to achieve acceptance beyond the $22.00 round-figure threshold. However, the XAGUSD maintains its intraday gains and is currently trading in the $21.85-$21.90 range, up about 0.90% for the day.

 

The overnight rise from levels below $21.00 and subsequent strength above a technically key moving average bolster the likelihood of a near-term advance. However, the RSI (14) on the daily chart is close to entering overbought territory and aggressive bullish traders should proceed with caution. Before positioning for further gains, it is recommended to wait for some near-term consolidation or a slight drop.

 

Nevertheless, the XAGUSD is prepared to surpass $22.00 and may seek to test the next significant barrier near $22.45-$22.50. The aforementioned region represents a dense supply zone and may prove difficult for bulls to penetrate. However, some follow-through purchasing will signal a new breakout and pave the way for a move toward recovering the $23.00 round number. The momentum might eventually propel spot prices to a May swing high in the vicinity of $23.25 to $23.30.

 

In contrast, the daily low around $21.45 that coincides with the 200 DMA breakout point should protect the downside in the short term. Any more decline could be viewed as a buying opportunity and should be limited near $21.00. A decisive breach below might spark technical selling and bring the XAGUSD below the $20.40 support zone. Failure to defend the previously mentioned support levels could shift the near-term bias toward bearish traders.