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.
Back

Silver Price Forecast: XAG/USD rallies to $23, focus shifts to US Inflation

  • Silver price jumps to $23 despite a decent recovery in the US Dollar.
  • Investors await the US inflation data for a fresh outlook on interest rates.
  • Fed Logan advised to ensure price stability before considering rate cuts.

Silver price (XAG/USD) climbs to near $23 even though the US Dollar Index (DXY) recovers sharply in Monday’s European session. The outlook for the USD Index improves ahead of the United States Consumer Price Index (CPI) data for January, which will be published on Tuesday.

According to the expectations, the monthly headline CPI grew steadily at 0.2%. In a similar timeframe, the core CPI that excludes volatile food and oil prices rose steadily by 0.3%. The annual headline inflation is anticipated to decelerate to 3.0% from 3.4% in December, while core CPI rose at a slightly slower pace of 3.8% against 3.9%.

Federal Reserve (Fed) policymakers have reiterated that rate cuts are not in the picture until they get enough confidence that inflation will sustainably return to the 2% target. The argument supporting holding interest rates at their current level for longer will strengthen if the inflation data turns out persistent.

On Friday, Dallas Fed Bank President Lorie Logan said there is no need to rush for rate cuts until she is convinced that price stability will be achieved.

The opportunity cost of holding non-yielding assets, such as Silver, increases if the Fed holds interest rates higher.

Silver technical analysis

Silver price rises to near the downward-sloping trendline plotted from December 22 high at $24.61 on a two-hour scale. The white metal stabilizes above the 50-period Exponential Moving Average (EMA), which trades around $22.60. The 14-period Relative Strength Index (RSI) climbs into the bullish region of 60.00-80.000. A sustainability of the same would strengthen the upside bias.

Silver two-hour chart

 

India Industrial Output above expectations (2.4%) in December: Actual (3.8%)

India Industrial Output above expectations (2.4%) in December: Actual (3.8%)
Baca lagi Previous

US Dollar to soften over the balance of 2024 versus the core majors – Scotiabank

The new year has started with the US Dollar (USD) recovering somewhat from its late 2023 sell-off.
Baca lagi Next