Silver Short-Term Shocks &Nbsp; Intra Day Short Term Operation Mainly

Market Review

Today, spot silver opened 7964, the highest 8002, the lowest 7902, and now 7940 disadvantaged.

Fundamentals

Beijing time on the morning of August 12th, Favorable Employment data pushed the US stock market sharply higher on Thursday. So far, the US stock has fluctuated for four consecutive trading days. Last week, the United States filed a first report on unemployment benefits, which was better than expected. President Obama said he would announce plans to increase job opportunities every week to boost market sentiment.

On the economic data side, the US Labor Department announced that in the week ending August 6th, the number of initial claims for unemployment benefits fell by 7000, to 395 thousand, the lowest figure since early April. According to a survey by Bloomberg, economists expect an average of 405 thousand. A week earlier, the number of unemployed Jin people was 400 thousand.

US Commerce announces US trade in June deficit Climbed to $53 billion 100 million, a record high since the 2008 economic crisis. According to a Bloomberg survey, economists expect an average of 48 billion dollars. The trade deficit in May was US $50 billion 200 million.

The European Securities and markets Administration (ESMA) issued a statement on Thursday saying that Belgium, France, Italy and Spain will adopt new regulations restricting selling short or short sellers, which will take effect from August 12th.

The ESMA statement states that the four countries have decided to implement or extend the ban on short selling to limit investors' profit by spreading rumors or strictly preventing arbitrage. The so-called regulatory arbitrage means that different countries do not benefit from regulatory level. The regulatory authorities will publish or specify in the official website the restrictions on short selling.

Technical aspect

The silver line is not as strong as gold. Rise However, it is a weak arrangement. Yesterday, the gold hit high and fell back, and the short line also had the technical fall request. Silver continued to shake down its support.

Operation

The trend is uncertain, and the short-term operation is dominated by intraday operation. Trend is still waiting. After stepping 8000, it will be late. Empty bill Do not chase empty, every rally high point light warehouse attempt.