Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Octa trading broker
Buka akaun dagangan
Back

Silver Price Forecast: XAG/USD falls amid US consumer sentiment boost, high US yields

  • Silver holds ground at $22.50, resilient amid losses, finding strong support at this key level.
  • US Consumer Sentiment boost lifts US Treasury yields, affecting XAG/USD dynamics.
  • Mixed economic signals: Wall Street gains, but US Existing Home Sales hit 13-year low; improved inflation outlook.

Silver price is extending its losses for the third time in the week and faces solid support at around familiar levels, with sellers unable to decisively push prices below the $22.50 figure. Sentiment improvement amongst US consumers spurred a jump in US Treasury yields. At the time of writing, the XAG/USD trades at $22.50, down 0.99%.

XAG/USD holds ground at $22.50 despite Treasury yields surge

Wall Street trades solidly in the green while US Treasury bond yields advance. Despite that, the US Dollar Index (DXY), which measures the buck’s value against a basket of six currencies, is virtually unchanged at 103.41.

Data-wise, US Existing Home Sales fell to their lowest level over 13 years, slumping -1 % MoM to 3.78 million from 3.82 million the previous months and forecasts. At the same time, US households became more optimistic about the economic and inflation outlook, revealed the University of Michigan (UoM): The UoM Consumer Sentiment on its preliminary reading for January rose by 78.8, exceeding forecasts and last month’s 69.7 increase. Moreover, Americans expect inflation to tick lower in 12 months from now, from 3.1% to 2.9%, and for five years, cooled from 2.9% to 2.8%.

Following the data, the US 10-year Treasury note yield soared toward 4.196% before stabilizing at around 4.163%, a headwind for precious metals, which usually benefit from lower yields.

In the meantime, Chicago’s Fed President Austan Goolsbee said they need more data before cutting rates to determine the level of restrictiveness.

Ahead of the day, the San Franciso Fed President Mary Daly is expected to cross wires ahead of the blackout period, which is ahead of the first monetary policy meeting of 2024.

XAG/USD Price Analysis: Technical outlook

From a technical standpoint, Silver has consolidated above/below the $22.50 area, which, once decisively broken to the downside, should expose the next support level seen at the November 13 cycle low of $21.88. Further losses are seen, once surpassed with the next swing at at$20.69, the October 3 low. On the other hand, if buyers lift XAG/USD above the $23.00 figure, that would expose key resistance levels seen at $23.17, the 100-day moving average (DMA), followed by the 200 and 50-DMAs, each at $23.54 and $23.66, respectively.

 

Canadian Dollar rebounds on Friday, catches a ride on Crude Oil

The Canadian Dollar (CAD) rose on Friday, bolstered by a late-week climb in Crude Oil bids as CAD traders shrugged off headwinds for the time being.
Baca lagi Previous

Forecasting the Coming Week: It is central banks’ time

While Fed and ECB officials pushed back expectations of interest rate cuts for later than anticipated amidst strong data and the rebound in inflation, the upcoming week is also expected to maintain the centre of the debate around central banks.
Baca lagi Next