EUR/USD 1.16374
-0.047%
Gold 4532.98
-0.791%
Oil 91.767
2.503%
USD/JPY 159.179
0.164%
GBP/USD 1.34724
-0.250%
GBP/JPY 214.457
-0.081%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 26, the State Council Information Office held a regular policy briefing to introduce the "Implementation Opinions on Promoting the Provision of Basic Public Services in Place of Residence" (hereinafter referred to as the "Implementation Opinions"). Jiang Chengjia, Director of the Planning, Finance and Legal Affairs Department of the National Healthcare Security Administration, stated that the National Healthcare Security Administration is effectively guaranteeing the participation rights of key groups such as primary and secondary school students and preschool children with non-local household registration, promoting the realization of "where you reside, where you participate in insurance, and where you enjoy benefits." Next, the National Healthcare Security Administration will intensify its efforts in accordance with the "Implementation Opinions" to continuously improve the level of universal healthcare services.The Bank of Japan said that Deputy Governor Shinichi Uchida plans to resume working at the Bank of Japan office starting Wednesday.On May 26, the State Council Information Office held a regular policy briefing to introduce the "Implementation Opinions on Promoting the Provision of Basic Public Services in Place of Residence" (hereinafter referred to as the "Implementation Opinions"). Zheng Bei, Vice Chairman of the National Development and Reform Commission, stated that promoting the transfer of public services based on residency should be achieved through the mutual recognition of residence permits and length of residence, ensuring continued access to public services. The "Implementation Opinions" clearly state that the mutual recognition of residence permits and the conversion of length of residence or residency points will be promoted to guarantee the continuous enjoyment of basic public services by the floating population. This means that when a persons place of residence changes, the length of residence in the previous city can be accumulated or converted in the current city in a certain way, thus ensuring continued access to public services.The Bank of Japan announced that its Deputy Governor, Shinichi Uchida, was discharged from the hospital on May 26.On May 26, the State Council Information Office held a regular policy briefing to introduce the "Implementation Opinions on Promoting the Provision of Basic Public Services in Places of Residence." At the briefing, Xu Liang, Director of the Housing Security Department of the Ministry of Housing and Urban-Rural Development, stated that solving housing problems, ensuring that non-registered permanent residents can move in, stay, live comfortably, and establish careers, is an inherent requirement for practicing the people-centered urban development concept. The next step will be to encourage more cities to include non-registered permanent resident families with stable employment and residence in the public rental housing program, thereby improving the equalization of basic public services.

S&P 500, Nasdaq 100 Price Outlook for The Week Ahead

Alice Wang

Aug 08, 2022 15:10

微信截图_20220804145155.png


All speculation that the Fed will lower the rate of interest rate increases has now been put on hold as the central bank continues to aim for persistently high inflation in the wake of Friday's labor report. The most recent NFP data, which shows the US employment market in excellent condition, refutes recent rumors that the Fed may change course on interest rates in response to a slowing economy.


The Fed will have greater freedom to raise rates higher and quicker thanks to today's publication, but it is just one piece of information. Although the Fed uses semantics to claim that everything is OK, a study at the US Treasury market reveals that the UST2s/10s curve is inverting even further, presently at a level of roughly -40bps. Data releases are still crucial, as usual, and Fed talk also has to be carefully monitored.


Next week, all eyes will be on the inflation data released on Wednesday, with another little increase in core inflation predicted. However, if this data reveals dropping inflation, it would encourage ideas of a "soft landing" in the US, giving the Federal Reserve its ideal situation.


The Nasdaq 100's latest rise tried and failed to breach trend resistance off the high from late December 2021. The tech-heavy indexes have been on the rise recently, rising more than 20% from their low on June 16. Trading may soon go back to the "sell the rise" habit that has worked them so well since the end of 2021 as the current "buy the decline" mentality during the previous six weeks seems to be done for the time being.

AUGUST 5, 2022: NASDAQ 100 DAILY PRICE CHART

In addition, the S&P 500 rise has been stopped after reaching a new two-month high this week. While the S&P 500 will continue to be under pressure, the downside for the indices will probably be more constrained than the tech-heavy Nasdaq. The indexes have made a series of higher lows over the last 6 to 8 weeks.

August 5, 2022 in the S&P 500 Daily Price Chart

According to statistics from retail traders, 1.66 traders for every 1 short trader shows a net long position of 37.63 percent. While the number of traders who are net-long is up 3.09 percent from yesterday and down 0.15 percent from the previous week, the number of traders who are net-short is up 0.77 percent from yesterday and up 17.15 percent.


We often adopt a contrarian stance to the general consensus, and the fact that traders are net-short means that US 500 prices may climb in the future.


Positioning is more net-short from last week than it was yesterday. We have a further mixed US 500 trade bias based on the current mood and previous adjustments

Suggestion