On Wednesday (May 27) Asian session, spot silver intraday pressure, is testing the key $17 level support.
The boj price high, on the one hand, as the major economies further relaxation and will be coronavirus related restrictions, lit the hope of economic recovery, the demand for industrial dominant silver, is undoubtedly a good, but at the same time, risk appetite mood improved stroke risk aversion, inhibition of silver price rise, the overall trend in the fight.
Worldometers world real-time statistics show that as of 11:41 Beijing time on May 27, the global total number of confirmed covid-19 cases exceeded 5.68 million, reaching 5,684,803, and the total number of deaths exceeded 350,000, reaching 352,225.
Among them, the United States has more than 1.72 million confirmed cases of covid-19, or 1,725,275, and more than 100,000 deaths, or 100,572. Both confirmed cases and deaths are the largest in the world.
After a long memorial day weekend, U.S. financial markets opened higher on Tuesday, with the s&p 500 directly breaking through the 3000 integer mark and the dow briefly breaking through the 25,000 mark.
US President Donald trump tweeted shortly after learning of the stock rally, saying, “us stocks are soaring, the dow is over 25,000, states should open as soon as possible, America’s transition to greatness has begun ahead of time. “Despite some ups and downs, next year is going to be the best year ever.”
But trump, who has long been known as the “tweetnation,” took to twitter yesterday. The social media giant twitter has for the first time used the platform to alert readers to fact-check tweets sent by US President Donald trump, warning its users that trump’s claims about postal voting are false and that the subject has been refuted by fact checkers.
As you can see from the screenshots, twitter on Tuesday added a blue exclamation point to trump’s post about the postal vote, prompting users to “get information about the postal vote” and directing them to a page containing news stories and facts checkers providing information about the postal vote.
Trump’s unsubstantiated claim that mail-in voting would lead to ballot fraud, “the page’s headline read.
Twitter confirmed that it was the first time it had labelled Mr Trump’s tweets under a new “misleading information” policy it introduced earlier this month. The policy was originally intended to address misinformation about covid-19.
Earlier in the day, Mr Trump claimed on twitter that the postal vote was “essentially fraudulent” and would lead to a “rigged election”. He also singled out the governor of California on the issue, though the state is not the only one that USES postal voting.
In a tweet earlier in the day, Mr Trump claimed that a postal vote would be “essentially fraudulent” and lead to a “rigged election”. “There is no way (zero!) to mail a ballot,” he said. There wasn’t a lot of fraud. Mailboxes can be robbed, ballot papers can be forged, and even illegally printed and signed. The governor of California sends out ballots to millions of people, and anyone who lives in the state, no matter who they are or how they got there, gets a vote. Next, professionals tell all of these people how to vote and who to vote for, many of whom have never even thought of voting. It will be a rigged election. No way!”
Trump responded with a tweet, accusing twitter of meddling in the 2020 presidential election. “Twitter is totally killing free speech, and I, as President, will not allow that to happen!” He said.
In its 14-year history, twitter has allowed unrestricted dissemination of misinformation from world leaders and ordinary citizens. Twitter executives have long said that users can debate on the platform and correct misinformation themselves.
But since march this year, twitter has announced that it will delete tweets related to the outbreak that “may pose a direct risk to the health or well-being of the population.” On May 11, twitter announced that it had begun adding warning labels, which will be added to tweets that aren’t deleted but are still somewhat misleading.
On the daily chart, the U.S. dollar index on the day of heavy selling, once lost the 99 level, the end of the close above this level, focus on whether to hold the 100 moving average level. From a technical point of view, the MACD green kinetic energy column expanded slightly and the KDJ stochastic index approached oversold levels downwards, suggesting that short dollar momentum has increased, but downside space may be limited.
As you can see from the 4-hour chart, the dollar index has continued to fall from its high around 99.98 to 98.89, and is now trying to bounce back below its main moving average. The MACD green kinetic energy column began to contract and the KDJ stochastic gauge hit oversold levels, indicating dollar shorts were losing momentum and expected to stabilize and rebound.
On the daily chart, silver on the day down, the close is basically flat, but to hold the key 17 dollars, still above the 200 moving average. The MACD red kinetic energy column is gradually weakening, and the KDJ stochastic indicator is trying to move down from overbought levels, suggesting silver bulls are losing momentum or falling further.
On the 4-hour chart, silver appears to be forming a downward peak, with the focus on whether the previous low of $16.93 will be breached and the loss could be hit even harder. MACD green kinetic energy column gradually expanded, KDJ random index fell below the 50 level, indicating silver short momentum strengthening, may further pressure.
Fundamental positive factors:
- Worldometers world real-time statistics show that, as of 11:41 on May 27, Beijing time, the global total number of confirmed covid-19 cases exceeded 5.68 million, reaching 5,684,803, and the total number of deaths exceeded 350,000, reaching 352,225.
- The United States is preparing a strong response to China’s version of national security legislation in Hong Kong, which will be announced by the end of the week, trump said on Tuesday.
- White House spokeswoman Kayleigh McEnany said on the same day that trump was unhappy with Beijing’s plans to implement a “hong kong-style national security law.” It is hard to see how Hong Kong would remain a financial centre if China took over.
- Michael Ryan, head of who’s health emergencies programme, said it was a dangerous assumption to assume that the current decline reflected the natural seasonality of a disease and that the next danger point could be October or November. He stressed that if the virus is allowed to overtake us again and no system is in place to beat it, there is a risk of a second peak.
Fundamental negative factors:
- Novavax, the us biotechnology company, said on Monday that it had begun the first human study of its experimental coronavirus vaccine.
- Data released on Tuesday also boosted confidence that the U.S. economy has bottomed out as it reopened its markets. The consumer confidence index jumped to 86.6 from 85.7 in April, according to the conference board. Sales of new single-family homes in the us rose by 623,000 units last month, beating expectations of 490,000.
- U.S. President Donald trump says the stock market is surging and states should open up as soon as possible.
- The Japanese government on Monday lifted the country’s state of emergency and will decide on a second supplementary budget on Wednesday to help individuals and businesses hit by the outbreak.