Spot silver traded around $17.890 an ounce in Asia on Tuesday. Intraday silver accelerated its rally further, hitting an intraday high of $17.893 an ounce and continuing its steady rise.
On February 17, the world health organization (who) held a press conference in Geneva, saying it would not raise the global risk level for a new outbreak of coronary pneumonia, CCTV news reported. Who director-general tandesay said the number of new cases of coronary pneumonia in China showed a downward trend.
On this basis, who maintains its previous assessment that the new coronary pneumonia is not a global epidemic and does not raise the global risk level of the outbreak.
Michael Ryan, head of the who’s health emergency programme, said the new outbreak had occurred outside China and no significant community transmission had been observed. The who team has arrived in China to conduct joint research with the Chinese side and will visit the site. Who also said the use of plasma therapy in patients recovering from neopneumonia deserved further study.
Outbreak, according to the national WeiJianWei latest bulletin, February 17 0-24, 31 provinces (autonomous regions and municipalities directly under the central government) and the xinjiang production and construction corps report new cases confirmed 1886 cases, 1097 cases of serious illness case of illness, new new death cases, 98 cases (3 cases of 93 cases of hubei, henan, hebei, hunan, 1 case), the new suspected cases of 1432 cases.
Integrated media reports, February 17 afternoon, national respiratory system disease clinical medical research center, Chinese Academy of Engineering academician zhong nanshan, director of the first hospital affiliated to medical university in guangzhou and wuhan again in front of guangdong medical ICU treatment team to carry out the remote video consultation, discussion of difficult case of treatment strategy, at the same time as the national epidemic trends, critically ill treatment.
As for the total number of newly diagnosed diseases in the country outside hubei province, it has been declining for several consecutive days, which indicates that China’s strong intervention measures have achieved obvious results, zhong nanshan said.
Zhong Nanshan says his team’s mathematical model takes into account two variables, the country’s powerful interventions and the peak travel time for migrant workers after the Spring Festival, that change the natural course of the disease. According to the model, the number of cases nationwide is expected to peak in mid-to-late February, but it does not mean the peak will be followed by an immediate decline.
“It is not certain that the peak has been reached yet. It will take a few more days to see.” Zhong said that the peak is not an “inflection point” and that a new peak may occur as migrant workers return home.
But zhong nanshan also said that major large and medium-sized cities have taken strong measures to do a good job in the inspection of people, so the return trip to bring a new outbreak peak is unlikely.
On the daily chart, the dollar index held its recent upward trend, peaking at 99.25. Technically, the MACD red momentum column expanded slightly, while the KDJ random index turned sharply higher, indicating stronger upward momentum for the dollar and continued gains in incoming stocks.
On the 4-hour chart, the dollar index held steady, the MACD green momentum remained unchanged, and the KDJ random index turned to appreciate, indicating that the dollar’s short-term upward momentum has slightly strengthened and may continue to rise.
On the daily chart, silver maintained its recent moderate rally trend, with the MACD red momentum column showing, while the KDJ random indicator turned sharply higher, indicating that silver will continue to hold steady on the rally trend.
On the 4-hour chart, silver maintained its volatile upward trend, with the MACD red momentum column slightly amplified, and the KDJ random indicator turned higher, indicating that silver’s short term may accelerate upward.
Fundamentals favorable factors:
1, on Tuesday, February 18, according to the hubei province WeiJianWei bulletin, as of February 17, 24, according to the 31 provinces (autonomous regions and municipalities directly under the central government) and the xinjiang production and construction corps, the existing 58016 cases of confirmed cases of 11741 patients with severe cases (), the cumulative cured cases, 12552 cases of hospital (Beijing increased 7 cases), the cumulative death cases, 1868 cases, has reported 72436 cases of confirmed cases of the xinjiang production and construction corps (add 2 cases), the existing 6242 cases suspected cases. A total of 560,901 close contacts were traced, and 141,552 close contacts were under medical observation.
2.The latest coronavirus figures from China show a decline in new cases, but “anything can happen” as far as the outbreak goes, the who said on Monday. Who director-general tandsai said it was too early to tell whether there had been a real decline in new coronavirus infections and to treat the decline with caution.
3.U.S. data on Friday showed that consumer spending slowed further in January, with clothing store sales falling at their steepest pace since 2009, a trend that could raise concerns about the economy’s ability to continue expanding at a moderate pace. Excluding autos, gasoline, building materials and food services, retail sales were flat from a month earlier. The December figures were revised down to show so-called core retail sales rose 0.2 per cent, instead of the previously reported 0.5 per cent jump and an expected 0.3 per cent rise. Core retail sales are most closely related to the consumer spending component of gross domestic product.
4.Industrial production fell 0.3 percent in January after falling 0.4 percent in December, the federal reserve said in a report on Friday. Industrial output was weighed down by a 4.0 per cent fall in utility production. A 7.4 percent plunge in aerospace and other transportation equipment production also weighed on industrial output in January.
Fundamental negative factors:
1.On February 17, the world health organization (who) held a press conference in Geneva, saying it would not raise the global risk level of a new outbreak of coronary pneumonia, CCTV news reported Tuesday. Who director-general tandesay said the number of new cases of coronary pneumonia in China showed a downward trend.
2.The people’s bank of China (pboc) issued a statement on Monday (February 17), saying that on February 17, the people’s bank of China (pboc) launched the 200 billion yuan medium-term lending facility (MLF) and 100 billion yuan seven-day reverse repo operation to hedge the impact of the central bank’s reverse repo expiration and other factors and maintain reasonable and abundant liquidity in the banking system.
3. Separate data released on Friday showed the University of Michigan’s preliminary consumer confidence index rose to 100.9 in February, close to the expansion peak of 101.4 set in March 2018. Meanwhile, the University of Michigan’s preliminary expectations index for February rose to 92.6, the second-highest level in the long-term expansion.
4.The latest data from the U.S. labor department showed on Thursday that the U.S. consumer price index (CPI) rose 2.5% in January from a year earlier, compared with an expected 2.4% from 2.3%. U.S. core consumer prices rose 2.3 percent in January from a year earlier, compared with expectations of 2.2 percent. Some commentators pointed out that the CPI data showed that basic consumer prices rose as households spent more on rent and clothing, which supported the fed’s view that inflation would gradually rise to the 2 percent target.