Silver investment: Civil Aviation Administration issued the latest notice! Freud’s official autopsy said he died of cardiopulmonary arrest! Infected with new coronavirus! Watch out for panic!

In Asian trading on Thursday, spot silver was at $17.615 an ounce. Silver continued to come under choppy pressure, falling 0.22 percent from an intraday low of $17.571 an ounce, continuing the recent pullback.

With tensions rising between the two countries, the trump administration announced that Chinese passenger airlines would be banned from flying to the United States from June 16, and U.S. embassies and consulates in China would cancel immigrant and non-immigrant visa bookings from June 8 to June 26.

Has just released the Civil Aviation Administration of China, on the other hand, about adjusting the notice of international passenger flights, announced that since June 8, 2020, all was not included in the “5” foreign airlines flight schedule, can within the scope of the company business license, choose one the ability to receive port city (specific city list can inquire on the civil aviation administration website), class 1, operating international passenger flights a week. All airlines will continue to retain business licenses for routes involved in flight reduction due to the epidemic.

Meanwhile, the Civil Aviation Administration announced flight incentives and circuit breakers from June 8, 2020. The Civil Aviation Administration, the Ministry of Foreign Affairs, the National Health Commission, the General Administration of Customs and the Immigration Bureau have jointly established a special class mechanism to implement circuit breaker and incentive measures for inbound flights based on the nucleic acid test results of passengers after landing. Incentive measures: if the number of passengers with positive nucleic acid test results is zero for 3 consecutive weeks on the same airline flight, the number of passengers can be increased by 1 class per week within the scope of flight quantity stipulated by the airline business license, up to 2 classes per week at most. Circuit breaker measures: If the number of passengers with positive nucleic acid test results after entry reaches 5 on the same airline flight, the airline shall be suspended for one week; If the number reaches 10, the airline will be suspended for 4 weeks. “Circuit-breaker” flights may not be adjusted for other routes. Airlines will not resume their weekly flight schedule until the “circuit breaker” period ends.

On the domestic front, according to the latest media information, on June 3, the medical examiner of Hennepin County, Minnesota, released the final autopsy report of African American Sigmund Freud, showing that his death was caused by cardiopulmonary arrest and that he had recently been infected with a novel Coronavirus.

Dr. Andrew Baker, a medical examiner, reported that former police officer Derek Chauvin held his knee against Freud’s neck for more than eight minutes, but did not conclude that this was the direct cause of his death, CNN reported.

According to the new report, Freud had numerous bruises on his head, face, mouth, shoulders, arms and legs, but found no evidence that these injuries led to his death.

An autopsy revealed that Freud had a history of heart disease and high blood pressure. Preliminary toxicology reports found moderate levels of fentanyl and methamphetamine. In addition, it was reported that Freud had recently detected avirus infection from novel Coronavirus, although there was no indication that this was a factor in his death.

Earlier, an independent autopsy commissioned by Freud’s family disagreed with the county’s preliminary autopsy report, saying Freud died of “asphyxiation due to persistent stress”.

Next, we need to keep an eye on the latest developments in china-us relations and the domestic situation in the US. Any new news could trigger market volatility, especially if these two risks come together to spark market panic.

Technical analysis:

The dollar

On the daily chart, the U.S. dollar index.DXY maintained its recent decline, but the MACD green momentum column contracted slightly, while the KDJ random index came under moderate pressure, indicating a respite in the dollar’s downward momentum and a possible attempt to bounce back at a lower level.

In the 4-hour chart, the USD index extended all the way to the low and then rebounded slightly, with the MACD red kinetic column looming and the KDJ random index turning higher, indicating that the USD may develop a short-term rebound from the low.

silver

On the daily chart, silver fell from its high, MACD red kinetic energy column slightly narrowed, KDJ stochastic index further lower, indicating that silver retracement kinetic energy strengthened, the incoming to develop more downward space.

On the 4-hour chart, silver also maintained a pullback down, MACD green momentum column unchanged, KDJ random index moderate flat, indicating silver short-term momentum mixed, the incoming material to maintain a period of pressure consolidation.

Fundamentals positive factors:

  1. According to statistics from Worldometers, as of June 4, Beijing time, there have been more than 6.55 million confirmed cases and more than 380,000 deaths of COVID-19 worldwide. In the United States, there have been more than 1.9 million confirmed coVID-19 cases and nearly 110,000 deaths.
  2. On June 3 local time, the US Department of Transportation (DOT) officially announced that it plans to ban Chinese airlines from passenger flights to the US because China does not allow them to provide services to and from China. The rules will take effect on June 16, local time, but could still be brought forward.
  3. The us embassies and consulates in China will cancel the immigrant and non-immigrant visa appointment on June 8, solstice and June 26. Due to the novel Coronavirus situation continues to change, the U.S. Embassy/Consulate in China has only a very limited number of staff and therefore cannot provide regular visa enquiry service.
  4. Business activity in the eurozone contracted sharply again in May and, despite signs that the worst is over, a return to growth could take months, a survey showed on Wednesday.

Fundamentals negative factors:

  1. Wednesday’s ADP employment report showed private employers cut another 2.76 million jobs in May, beating expectations of a 9 million drop. The figure was much better than expected, suggesting the worst may be over.
  2. The New York Times reported on Wednesday that the Trump administration has selected five companies most likely to make vaccines. Senior officials called it a key step in the White House’s effort to meet its pledge to begin universal vaccinations for Americans by the end of the year.
  3. Wednesday (June 3) According to the official microblog of Jilin Provincial Health Commission on June 3, the risk level of Shulan city has been adjusted from high to low risk according to the national coVID-19 epidemic classification standard.
  4. Chinese companies still bought at least three shipments of 180,000 tons of U.S. soybeans on Monday for shipment in October or November, Reuters reported. That combination boosted risk sentiment, sending money pouring out of dollar assets and into stocks.

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