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Feds Collins reiterated support for further rate cuts.Collins, 2025 FOMC voting member and President of the Boston Fed, will speak in ten minutes.On October 10, local time on the 9th, German Vice Chancellor and Minister of Economy Robert Habeck said that the federal government expects Germanys gross domestic product (GDP) to fall by 0.2% this year. In the spring of this year, the German federal government had expected the countrys GDP to grow slightly by 0.3% this year. Habeck said that the current economic situation is not satisfactory, but Germany is working hard to get out of trouble. Germany has made progress in addressing short-term factors that drag down economic output, such as high inflation, high interest rates, and high energy costs, but long-term structural problems such as severe shortage of skilled workers and insufficient infrastructure investment have hindered the countrys economic growth.The Dow Jones Industrial Average closed at 42,512.00 on Wednesday, October 9, up 431.63 points, or 1.03%. The S&P 500 closed at 5,792.04 on Wednesday, October 9, up 40.91 points, or 0.71%. The Nasdaq Composite closed at 18,291.62 on Wednesday, October 9, up 108.70 points, or 0.60%.Boeing (BA.N) union representative: Some progress has been made in the negotiations, but it is still not ideal and has not involved necessary areas. The company has made some improvements in the minimum guarantee of performance bonuses. The strike subsidy works well and "the funds are very sufficient." We will stick to it for a long time.

The silver market remains vulnerable, according to the silver price forecast

Daniel Rogers

Aug 05, 2022 15:11

 截屏2022-08-04 下午5.12.51_1024x576.png

 

The 50 Day EMA proved to be a little difficult to climb above despite the early-session rally in silver prices, which was pretty considerable. The $20.50 level is also a concern, so there is a significant degree of resistance in all of this. I believe that we now have a number of issues to resolve, not the least of which will be the release of the non-farm payroll figures during the Friday session.

 

I believe that the silver market will begin to decline pretty quickly if we go below the bottom of the Wednesday session. In that case, it is probable that the Federal Reserve will make the final decision about what should take place. The bond markets and rates will continue to alarm traders, and this will have a significant impact on their behavior with precious metals. In the end, this market is susceptible to greater yields and, naturally, a stronger US currency. That may very well be the case if the jobs figure is hotter than expected.

 

On the other hand, it's feasible that we may witness a significantly greater rise if the market were to break over the $20.50 threshold. The 200 Day EMA, which is now just below the $22.50 level, as well as the $22 level are likely to come into play if that were to happen. In either case, I believe we are going to witness a shocking action. Having said that, bear in mind that we have been in a decline for some time, making it seem like the simpler course to follow.