EUR/USD 1.15384
-0.009%
Gold 4989.76
-0.327%
Oil 94.127
-1.147%
USD/JPY 158.946
-0.030%
GBP/USD 1.33575
0.018%
GBP/JPY 212.316
0.049%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Kremlin: Europe has so far given no indication of any desire to start a dialogue on the gas issue—but it’s not too late.Kremlin: The war with Iran has caused turmoil in the natural gas market.Kremlin: Russia is considering withdrawing from the European gas market, but this requires careful analysis.March 18th - The Reserve Bank of Indias (RBI) recent measures to protect the rupee exchange rate are putting pressure on the countrys foreign exchange reserves, prompting some analysts to suggest reducing future intervention. Indias foreign exchange reserves (excluding gold) are currently only enough to support 8.7 months of import demand, the lowest level in three years. This comes at a time when India faces rising import bills due to energy prices, impacting its economy and markets. Yes Banks chief economist, Indrani Pan, stated that the more the RBI intervenes, the less firepower it has left, and this could trigger further problems if the ongoing crisis in the Middle East continues to escalate. For the external sector, the only shock absorber is the exchange rate itself. The RBI does need to show greater flexibility in allowing the rupee to depreciate. ANZs foreign exchange strategist, Diraj Niem, said that if fundamentals have permanently changed, maintaining the rupee at a certain level could quickly become very difficult. The RBI can allow the rupee to adjust further before foreign exchange reserve levels become an issue.The final figures for the Eurozones February CPI year-on-year and month-on-month rates will be released in ten minutes.

S&P 500 Price Forecast – 3700 Continues to Hold as Support

Skylar Shaw

Jun 23, 2022 14:55

微信截图_20220623144903.png


After initially tumbling into the 3700 support level throughout the trading day, the S&P 500 has made a big rebound. 

S&P 500 Technical Analysis

After first dropping below the 3700 level during the trading session on Wednesday, the S&P 500 has seen a wild journey. Since the 3700 level has been significant for a few weeks, it is probable that sellers will now make it their goal. 3600 and 3500 are the next targets if we can drop below the most recent low. What we are currently witnessing is a small-scale bear market rebound, which does make some sense given the extreme selling pressure that we had previously witnessed.


If we do move higher from here, 4000 should be a resistance level that will be difficult to surpass unless there is a fundamental shift in the news. In the end, I believe we have a position where breaking down makes more sense, but we could be in for a setup where we "fade the rallies." Since there is nothing positive in the economic pipeline right now and many earnings predictions will need to be revised at this point, I do not enjoy investing in the stock market right now. A brief recovery rally does, however, make a lot of sense because markets do not continuously decline.


I see this as a chance to go short once more, but if we were to breach the 4200 level, you would need to be persuaded that the true brand has changed. I'm not currently concerned about the move because it costs 400 points. In the end, a recession is inevitable, and the market is now beginning to reflect that.

Suggestion