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On September 18th, the Beijing Municipal Bureau of Economy and Information Technology and the Beijing Municipal Development and Reform Commission jointly issued the "Action Plan for Accelerating the Development of the Meta-economy in Beijing (2026-2028)." The plan includes the creation of a meta-economy distribution platform. It supports software and information service companies in building world-class meta-economy distribution platforms, enhancing cross-model, cross-modal, and cross-regional platform access capabilities, and providing developers with unified interfaces, model aggregation, meta-economy measurement, and settlement services. The plan also aims to accelerate the cultivation of leading enterprises with significant industry-leading and clustering effects and strong upstream and downstream radiation and driving force. Furthermore, it promotes the inclusion of meta-economy distribution platforms in the new infrastructure layout, forming an efficient service portal for the intelligent economy.On September 18th, the Beijing Municipal Bureau of Economy and Information Technology and the Beijing Municipal Development and Reform Commission jointly issued the "Action Plan for Accelerating the Development of the Meta-economy in Beijing (2026-2028)". The plan supports software and information service companies in collaborating with third-party evaluation agencies to explore the construction of a meta-economy testing platform. This platform will facilitate a sustainable operating model through value-added services such as intelligent model routing and evaluation consulting. The plan also aims to establish objective and impartial performance and quality evaluation standards for meta-economy components, providing a reference for meta-economy pricing and intelligent model routing.On September 18th, the Beijing Municipal Bureau of Economy and Information Technology and the Beijing Municipal Development and Reform Commission jointly issued the "Action Plan for Accelerating the Development of the Word Meta Economy in Beijing (2026-2028)". The plan emphasizes promoting breakthroughs in key core technologies. It calls for accelerating the iteration of basic model technologies to improve the upper limit of model intelligence. It also emphasizes promoting the adaptation and optimization of models and chips, supporting breakthroughs in technologies such as dedicated inference chips, lightweight models, and edge deployment, and building and utilizing intelligent computing resources at a high level to comprehensively improve word meta production capabilities.According to Nikkei: The Bank of Japan may have conducted an interest rate check in the foreign exchange market.On September 18th, Denmark launched the "Green Sands" carbon capture and storage facility in the North Sea, injecting carbon dioxide into seabed reservoirs. As the first large-scale carbon dioxide storage project in the EU, the first phase of "Green Sands" is expected to store 400,000 tons of carbon dioxide annually. INEOS, the leading company in the project, stated on its website that the carbon dioxide will be stored on the seabed below the abandoned Niniwest oil field, approximately 250 kilometers off the west coast of Denmark, at a depth of about 1,800 meters below the seabed. In its first phase of commercial operation, the "Green Sands" project can store up to 400,000 tons of carbon dioxide annually. With increasing demand, the storage capacity is planned to expand to 4 to 8 million tons per year by 2030. It is understood that this carbon dioxide mainly comes from a biomethane plant in Denmark, where it is liquefied and then transported by truck to a dedicated terminal in the port of Esbjerg, from where it is shipped to sea by the EUs first dedicated carbon dioxide transport ship.

Silver Price Analysis: XAG/USD snaps a four-day downtrend as bulls approach the $22.30 resistance level

Alina Haynes

Feb 08, 2023 11:55

截屏2022-06-06 下午5.54.42.png 

 

Silver price (XAG/USD) purchasers tussle with the important Exponential Moving Average (EMA) barrier as the precious metal recovers from a two-month low to post its first daily gains in five sessions, gaining 0.60% intraday near $22.30 on Wednesday morning.

 

In doing so, the XAG/USD touches the 100-exponential moving average while recouping recent losses. Silver buyers are challenged by the bearish MACD signals and the metal's selling below the previous support line from early December 2022, which is now a resistance line around $23.05

 

Nevertheless, a decisive upside breach of the 100-EMA barrier near $22.30 might propel the price fast to $23.00 before exposing the support-turned-resistance line near $23.05

 

Multiple resistances could then confront Silver investors at $23.20 and $24.30 before pushing the price toward the monthly high of $24.63.

 

The 200-EMA and 38.2% Fibonacci retracement level of the metal's uptrend from September 2022 to early February 2023 provide significant support between $22.00 and $21.95.

 

In the event that Silver remains bearish beyond $21.95, the 50% and 61.8% Fibonacci retracements near $21.10 and $20.25 could pose a challenge to the XAG/USD bears. Also serving as a negative filter is the $20.00 round number.

 

Overall, the Silver price is likely to rise, but the bulls are still a long way from regaining control.