EUR/USD 1.19099
-0.023%
Gold 5036.36
-0.431%
Oil 64.094
-0.286%
USD/JPY 155.306
-0.371%
GBP/USD 1.36754
-0.147%
GBP/JPY 212.391
-0.506%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The yield on 20-year Japanese government bonds fell 5.0 basis points to 3.115%.The yield on 40-year Japanese government bonds fell 8.0 basis points to 3.735%.February 10th, Futures News: Recently, crude oil prices have fluctuated significantly. Previously, the US-Iran talks led to market expectations of a de-escalation of conflict, resulting in a moderate decline in oil prices. However, significant differences remain between the two sides after the talks. Although a second round of talks is scheduled for this week, renewed pressure from the US has caused oil prices to rise again. Zhuochuang Information predicts that geopolitical tensions will lead to a risk premium. Prior to the second round of talks, Israel will visit the US, which will undoubtedly exacerbate regional tensions. Oil prices will need to closely monitor Middle East risks. If the US launches an attack, oil prices will experience a sharp upward surge; otherwise, the talks will continue to exert downward pressure at high levels, with overall volatility remaining high.February 10th - On February 10th, Force Robotics released three core products: DM0, a native large-scale model; Dexbotic 2.0, a native development framework; and DFOL, a native application mass production workflow. Force Robotics CEO Tang Wenbin stated that the companys product development philosophy is to move beyond simply modifying existing large-scale models, writing code specifically for robots from the very first line.Hong Kong-listed power equipment stocks rallied again in the afternoon, with Dongfang Electric (01072.HK) rising nearly 8%, Harbin Electric (01133.HK) up over 4%, Shanghai Electric (02727.HK) up over 2%, and Yihuatong (02402.HK) and Flat Glass (06865.HK) following suit.

Silver Price Analysis: XAG / USD hovers around $20.00 ahead of US NFP

Alina Haynes

Mar 10, 2023 11:25

 截屏2022-06-07 下午5.18.01.png

 

Silver price continues to trade sideways on Thursday, in the absence of a catalyst, prior to the release of crucial US economic data. The Mexican Peso (MXN) is depreciating as a result of investors' risk aversion ahead of the US Nonfarm Payrolls report for February. At the time of writing, the XAG / USD exchange rate was $20.05, an increase of 0.19%.

 

XAG / USD remained steady throughout the day, unable to break above or below the $19.98-$20.28 range. However, investors should be aware that Silver fell below the 200-day Exponential Moving Average (EMA) at $21.80, indicating a downward bias for the precious metal. Notably, the 50-day EMA is approaching the 200-day EMA, and once it crosses below the latter, a death cross would exacerbate a decline toward the $18.84 daily low from November 3.

 

But first, XAG / USD must surpass the YTD low of $19.92. A breach of the latter will expose the psychological level of $19.00, followed by the daily low on November 3 at $18.84.

 

In an alternative scenario, the first level of resistance for XAG / USD would be the daily high of $20.06. Once cleared, the next resistance level would be the daily low-turned resistance from February 28 at $20.43, followed by the daily low-turned resistance from November 28 at $20.87.


Suggestion