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About: anakin
Recent Posts by anakin
The value of silver declined nearly 4% weekly as traders took profits amidst US recession fears.
Silver declines to $31.13, struggling below $33.00 amid selling pressure, support at $30.89, geopolitical and economic influences persist.
In February, China’s manufacturing PMI reached 50.8, surpassing expectations and indicating expansion.
Caixin China Manufacturing PMI rose to 50.8 in February 2025, driven by increased output, new orders, and exports.
After hitting 148.60, the USD/JPY soared for three consecutive days, targeting crucial resistance at 150.00.
USD/JPY trades at 150.59, needing 150.93 to break downtrend. Resistance at 151.00; support at 148.57.
The PBOC establishes the USD/CNY rate at 7.1745, significantly below the expected 7.2857.
PBOC sets yuan midpoint, allowing +/- 2% fluctuation. Recent injection: 97 billion yuan; net drain: 195.5 billion.
After a week of losses, gold dropped over 3% as trade policies and recession concerns strengthened the USD.
Gold prices fell over 1% due to a stronger US Dollar and trade policy concerns amid economic uncertainty.
