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February 5th - According to the latest report from CIMBs Treasury and Markets Research Department, the Singapore dollar weakened slightly against the US dollar during Thursdays Asian trading session as markets anticipated a possible pause in interest rate cuts by the Federal Reserve. Federal Reserve Governor Cook recently expressed caution regarding inflation, and several other Fed officials share similar concerns. Analysts indicate that unless inflation slows further and no major negative surprises occur in the labor market, the Feds policy rate is expected to remain unchanged for some time.February 5th - Data released today (February 5th) by the China Machinery Industry Federation shows that, supported by a series of national policies aimed at stabilizing growth, including those related to "major projects" and "new infrastructure," the machinery industrys economic performance remained stable and improved, exhibiting characteristics of innovation and quality improvement. In 2025, my countrys machinery industry achieved rapid growth, with the added value of enterprises above designated size increasing by 8.2% year-on-year, 2.3 and 1.8 percentage points higher than the national industrial and manufacturing growth rates, respectively. The added value of all five major national economic sectors—automobile manufacturing, electrical machinery manufacturing, general equipment manufacturing, special equipment manufacturing, and instrumentation manufacturing—achieved growth. Among them, the automobile manufacturing industry continued to play a leading role, with a growth rate of 11.5%. Furthermore, the production and sales situation of my countrys machinery industry also remained stable and improved in 2025.On February 5th, Deng Zhiyong, Deputy Director of the State Administration for Market Regulation and Director of the National Standardization Management Committee, stated at a press conference held by the State Council Information Office that the State Administration for Market Regulation will take the construction of safe consumption clusters as a vehicle to issue policy documents such as safe consumption standards and the cultivation of safe consumption entities, and cultivate a large number of safe business districts, safe markets, and safe scenic spots with wide impact and high visibility, so that consumers can feel and access them.Sony (SONY.N) has increased the maximum amount of its share buyback program from 100 billion yen to 150 billion yen.European stock index futures fell, with the Euro Stoxx 50 futures down 0.3%, the German DAX futures down 0.3%, and the UK FTSE 100 futures down 0.2%.

E-mini NASDAQ-100 Index In Position to Challenge Next Main Top at 12973.75

Alice Wang

Jul 22, 2022 15:36



Late in the session on Thursday, September E-mini NASDAQ-100 Index futures are trading higher, putting the index in a position to notch its third consecutive gain and the fifth higher session out of six. As initially fluctuating between gains and losses, the technology-focused index gained momentum after Tesla jumped 9.78 percent after its quarterly reports.


September E-mini NASDAQ-100 Index futures are now trading at 12591.25, up 126.00 or 1.01 percent, at 18:45 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $307.43, an increase of $4.40 or 1.45%.


Tesla may have been the session's top gainer, but shares of NetEase Inc., ASML Holding NV, and CSX Corp. all increased significantly during that time, rising 6.16 percent, 5.41 percent, and 4.24 percent, respectively.


The weekly initial unemployment claims reached a new eight-month high in the United States, while a measure of manufacturing activity in the mid-Atlantic area for July fell to its lowest level in just over two years.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The uptrend will be confirmed if a transaction is made through the intraday high of 12621.00, with the next major peak objective being 12973.75. The primary trend will switch to down if a transaction is made through 11479.25.


The midpoint is between 14327.50 and 11068.50. Its retracement range, from 12698.00 to 13082.50, is the main region to aim for on the upside.


The immediate range is between 12973.75 and 11068.50. The index is now trading between 12246.00 to 12021.00, which is support, on the high side of its retracement zone.

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