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On September 14th, Honor officially announced the release of its new generation Qinghai Lake Blade Battery, which achieves an energy density of 1000Wh/L and a silicon content of 40%, with a battery capacity of 11000mAh. It will debut in the Magic9 series.On September 14th, Goldman Sachs adopted a more hawkish stance towards the Bank of England, predicting a 25 basis point rate hike in November if inflation persists and economic growth remains stable. Previously, the bank had expected the Bank of England to keep rates unchanged throughout 2026. Goldman Sachs analysts stated in a report, "Wholesale energy prices have risen sharply in recent weeks, with overall inflation exceeding the central banks expectations, while economic data has been strong." Rising energy prices have further exacerbated market concerns about the UK inflation outlook. However, in line with market expectations, Goldman Sachs expects the Bank of England to maintain its benchmark interest rate at 3.75% at its meeting on September 17th. Furthermore, the institution stated that the Bank of England may keep rates unchanged after the November hike, as falling energy prices reduce the need for further tightening, followed by rate cuts at the end of 2027. LSEG data shows that traders expect the Bank of England to raise interest rates by 47 basis points by the end of this year.September 14th news: From September 7th to September 13th, the national logistics operation data is as follows: National railways transported 82.651 million tons of freight, a 6.1% increase compared to the previous period; 58.467 million trucks passed through national expressways, a 2.98% increase compared to the previous period; monitored ports handled 270.168 million tons of cargo, a 0.27% decrease compared to the previous period, and 7.15 million TEUs of containers, a 2.57% increase compared to the previous period; civil aviation handled 122,000 flights (including 5,193 cargo flights, comprising 3,170 international cargo flights and 2,023 domestic cargo flights), a 1.33% decrease compared to the previous period; postal and express delivery collection volume was approximately 4.065 billion pieces, a 0.47% decrease compared to the previous period; delivery volume was approximately 4.068 billion pieces, a 0.51% decrease compared to the previous period.ExxonMobil (XOM.N) executives: LNG infrastructure has boosted market confidence, and the market is expected to rebalance quickly.On September 14th, the International Electrotechnical Commission (IEC) released the international standard "Distributed Multi-Energy Systems Part 1: General Principles," led by my country. This standard, drafted by a working group convened by Chinese experts and jointly developed with experts from 10 countries including Switzerland, France, and South Korea, represents another significant achievement for my country in the internationalization of smart energy standards. This international standard systematically defines the connotation and typical architecture of distributed multi-energy systems for the first time, clarifies the standardization development path in the future field of multi-energy integration, and includes typical global engineering application cases, providing a unified reference for the construction of integrated energy projects worldwide.

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.