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Bernstein raised its target price for Nvidia (NVDA.O) from $275 to $300.On February 26th, European Central Bank President Christine Lagarde stated that the ECB will closely monitor for any indication that the widespread application of artificial intelligence across the economy has led to job losses. When asked about the impact of AI on growth and inflation, she said that significant investment in this technology is taking place not only in Europe and the US, but its effects are already beginning to emerge; however, the impact on employment has not yet materialized. Lagarde stated, "Current literature suggests that large-scale investment is leading to some degree of productivity improvement. However, we have not seen the expected changes in the labor market, nor have we seen large-scale layoffs, and we will continue to monitor this closely."A senior Iranian official stated that during the negotiations, the Iranian and American negotiating teams will hold repeated meetings and consultations with the Omani Foreign Minister and IAEA Director General Grossi, if necessary.A senior Iranian official stated that if the main issue in the negotiations is Irans non-development of nuclear weapons, which aligns with the leaderships directives and Irans "defense principle," then an immediate agreement is achievable. Iranian Foreign Minister Araqchi has sufficient support and authority to reach such an agreement.February 26th - Data from the National Energy Administration shows that in 2025, the energy sector effectively promoted investment and stabilized growth. Effective investment in key areas of energy security continued to expand, and investment in new energy green transformation business models accelerated. By the end of 2025, investment in key power generation projects nationwide increased by 10.3% year-on-year, and investment in key power grid projects increased by 7.1% year-on-year. The growth rate of energy investment was at a relatively high level compared to other major industries.

Silver Prices Face Downward Pressure Due to the Prospects of a Hawkish Fed and Uncertainty Regarding China's Lockdown

Drake Hampton

Apr 26, 2022 10:28

Silver prices have fallen as a result of the broader commodity sell-off. The dollar gained strength versus all major currencies as prospects for Fed tightening increased. Benchmark rates fell substantially today, following a spike at the end of last week in response to fears over China's covid shutdowns.

 

Gold prices fell to April lows around $1900 on forecasts of rate increases and a strong dollar. Oil prices fell as demand concerns arose as a result of China's Covid crisis.

 

Oil prices also fell as a result of a strong dollar, which makes commodities more expensive for holders of foreign currencies. Due to the Russian supply problem and Libyan supply disruptions, the oil market experienced tight supply conditions.

 

Bullard, president of the St. Louis Federal Reserve, suggested that a 75-basis-point rate hike may be necessary to tackle runaway inflation. While some policymakers have suggested that a greater rate hike would be detrimental to the economy, market participants have approved it.

 

Investors remain focused on Friday's release of the March Personal Consumption Expenditures Index, a key inflation indicator. Jerome Powell, chairman of the Federal Reserve, suggested that a 50-basis-point rate hike was expected in May.

Technical Evaluation

Silver prices fell 2.5 percent Thursday, below the 200-day moving average's major resistance level of 23.85. Silver prices will continue to decline as a result of the prospect of a 50-basis-point rate hike and may hit the December 2021 lows near the 21.4 level. Silver prices are harmed by hawkish Fed tightening.

 

Support is located near the $22.776 200-day moving average. Resistance is located near the $24.92 50-day moving average. Short-term momentum is negative but is turning positive following a crossover of the fast stochastic, which may indicate a crossover sell signal.

 

The medium-term momentum has shifted to the downside, as evidenced by the histogram's negative correlation with the MACD (moving average convergence divergence). The MACD histogram's trajectory is negative, indicating a downward trend in price movement.

 

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