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Last week (month-day-month) the high oscillation fell, the U.S. economic data was weak and the Federal Reserve officials The hawkish remarks are contradictory. Silver has entered a period of news and data exhaustion in the short term, while China's economic data has slowed down, which may put pressure on commodities in the short term. Silver fell by 3.0 US dollars last week, or .3 US dollars per ounce. The conflict between data and news has become the main factor in silver's high oscillation and fall.
Both the monthly non-agricultural employment data and the monthly non-agricultural employment data were lower than expected and the previous value, showing that the U.S. job market is slowing down. The data deduced that the Fed's interest rate hike expectations have further declined. However, senior Fed officials have expressed their openness to monthly interest rate hikes. There are expectations for two interest rate hikes this year. This contradiction in expectations and remarks has increased market uncertainty, and silver has also shown wide oscillations at high levels.
Weak U.S. economic data further lowered expectations for a monthly interest rate hike: U.S. monthly manufacturing growth slowed to a six-and-a-half-year low. On March 1, the Institute for Supply Management released data showing that the U.S. monthly manufacturing index... The expected monthly employment fell to a three-year low compared with the previous value. According to a report released on Wednesday, the number of new jobs in the United States slowed sharply to . Agriculture hit a monthly low. According to data released by the U.S. Department of Labor on Friday, the U.S. added 10,000 non-agricultural workers each month, the lowest growth rate since the beginning of the year. It was less than the expected 10,000. The previous value was revised from . , worse than expected., in line with the previous value.
Atlanta Fed President Lockhart said on March 3 that the market may have underestimated the probability of monthly action. San Francisco Fed President said on March 3 that the current economic conditions support a monthly interest rate increase and that two to three interest rate hikes this year are reasonable. The No. 1 figure is expected to raise interest rates twice this year. On Friday, the president of the New York Fed said that despite the poor performance of the monthly non-farm payroll data, there is no need to attach too much importance to the employment report. It is a reasonable expectation to raise interest rates twice this year.
The monthly Caixin manufacturing industry announced on March 3 was., lower than the boom-bust line for the first consecutive month, lower than expected., and the previous value. Data released by the People's Bank of China on Saturday showed that China's monthly foreign exchange reserves were 3 300 million US dollars, higher than the expected 300 million US dollars, a slight increase from the previous value of 300 million US dollars, but the data denominated in a basket of currencies shrank. China's monthly foreign trade cooled down, exports were lower than expected, imports unexpectedly fell sharply, and the trade surplus increased significantly. In U.S. dollars, China's exports fell year-on-year in March and increased sharply in March. Imports fell in March, which was lower than the previous value and expectations. The trade surplus was US$100 million, far exceeding expectations.