The silver price continues to climb, reaching $32.25 in the European session with a 0.50% increase. This upward trend is largely attributed to the rising industrial demand for silver, particularly in sectors such as photovoltaics. The Silver Institute projects a 9% increase in industrial demand for silver, indicating a positive outlook for the white metal.
In recent years, there has been a noticeable shift in the preferences of Chinese travelers, with many opting for domestic destinations over international tourist spots. This change in behavior is reflected in a survey conducted by consulting firm Oliver Wyman, which found that only 14% of high-income households in mainland China, earning at least 30,000
The price of gold has been steadily climbing, reaching 2351.00 USD per troy ounce recently. This increase comes after a period of stagnant movement, signaling a resurgence in interest from investors. One of the main reasons for this surge in gold prices is the weakening of the US dollar. Investors are eagerly awaiting the release
The recent acceleration of trading processes on Wall Street has brought about the implementation of a T+1 settlement cycle. This new settlement process requires trades of stocks and other securities to be settled by the end of the next business day. This is a significant change from the previous T+2 settlement cycle, which allowed for
The recent rise in the price of WTI crude oil, as indicated by the chart, can be attributed to several key factors. Firstly, the upcoming OPEC+ meeting scheduled for 2 June has created a sense of optimism among investors. Additionally, expectations of high fuel demand due to the start of the summer driving season and
China’s Shanghai city recently announced a series of support measures aimed at boosting its struggling property sector. These measures include a reduction in down payment requirements, lower minimum mortgage rates, easing restrictions on home purchases, and reducing the required years of social security or income tax payments for non-Shanghai residents. As a result of this
As per the Short Term Elliott Wave analysis of Nasdaq Futures (NQ), the rally from the low on 4.19.2024 is believed to be progressing as an impulse. The wave ((i)) concluded at 17949, followed by a dip in wave ((ii)) which ended at 17386. The market then extended higher in wave ((iii)) with internal subdivision
The recent tornado-spawning thunderstorms that swept through the Southern Plains and the Ozark Mountains have left a trail of destruction in their wake. The death toll stands at a staggering 21 people across four U.S. states, with hundreds of buildings destroyed in the process. The scale of the damage is truly alarming, and it serves
The GBP/USD pair is currently experiencing a surge in bullish momentum as it climbs above the 1.2700 zone. This increase is supported by a key rising channel with resistance at 1.2785 on the 4-hour chart. The British Pound has managed to form a base above the 1.2640 zone against the US Dollar, indicating a potential
The potential upcoming interest cut on 6 June from the ECB is likely to have been fully priced in by the markets. However, the forward guidance from ECB officials on the timing of subsequent rate cuts remains ambiguous. The consensus forecasts for the current Eurozone core inflation deceleration trend may have plateaued in May, leading
Consumer confidence plays a crucial role in driving the Japanese economy, with private consumption accounting for approximately 60% of the country’s GDP. Any fluctuations in consumer sentiment can have significant repercussions on various economic indicators such as inflation, unemployment, retail sales, and industrial production. The recent depreciation of the Yen has increased import costs, leading
In the dynamic world of exchange-traded funds (ETFs), one provider is making a bold move by betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments recently introduced the GLP-1 & Weight Loss ETF (OZEM), highlighting prominent players like Eli Lilly and Novo Nordisk, alongside emerging companies in the weight loss and diabetes
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