EUR/USD 1.17499
0.020%
Gold 4708.92
0.386%
Oil 92.290
-1.123%
USD/JPY 156.625
0.155%
GBP/USD 1.35825
-0.073%
GBP/JPY 212.741
0.104%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 8th, San Francisco Federal Reserve President Mary Daly downplayed the disagreements surrounding the Feds statement, hinting that she wouldnt vote against it like some of her colleagues. She stated that the wording of the statement was less important than the actions taken, and that the real signal from the meeting was unanimous agreement on the decision. Last month, three officials objected to wording that hinted at future rate cuts, arguing that the uncertainty surrounding the energy shock and the Iran war made a "rates could rise or fall" signal more appropriate. Daly, who has no voting rights this year, said the public understands the Feds responsibility for price stability. Daly stated that there are no signs that energy prices are pushing up medium- or long-term inflation expectations. "Its too early to judge. If the conflict ends and oil prices fall without escalating to the broader economy, the pre-conflict dynamics are expected to return to normal." She is committed to achieving the 2% inflation target but shouldnt overreact to the expected duration of the energy shock. She described policy as "slightly tightening," adding that a resolution to the war would put downward pressure on inflation; the labor market is stable and has not generated inflationary pressure.Federal Reserves Kashkari: Optimistic about artificial intelligence.Both WTI and Brent crude oil prices rose by about $2 in the short term, currently trading at $98.08 per barrel and $100.58 per barrel respectively.Federal Reserves Daly: There are currently no signs that soaring energy prices are pushing up medium- to long-term inflation expectations.Federal Reserves Daly: Current monetary policy is "slightly tight," and if the conflict between the United States and Iran is resolved, it will put downward pressure on inflation.

S&P 500 (SPY) Rallies As Dollar Pulls Back From Highs

Cory Russell

Sep 29, 2022 14:34

微信截图_20220929142501.png

Technical Analysis of the S&P 500

Throughout electronic trading overnight in Asia, the S&P 500 originally declined, but the E-mini contract proved to be durable during trade, and now it seems that we are attempting to build some sort of support. Having said that, the fact that we have reached a "lower low" indicates that the overall structure is still highly unfavorable. Because of this, I believe it's just a matter of time until we see new lows, but in the meanwhile, let's have a little rebound to shake a few folks about.


At this point, I would consider any rise to be a possible selling opportunity, at the very least at the first indications of tiredness. As the 50-Day EMA is falling and moving toward the market, the 3800 level makes a lot of sense as a barrier.


I do believe that traders will continue to sell off short-term gains in this scenario, but the odd relief rally does make a lot of sense. We have, after all, moved too quickly and drastically to the negative in this circumstance. So be it if the market gains. Although I won't be participating, I'll be on the lookout for a chance to go short once again. The Bank of England has opted to increase its bond purchases, and while it's probably important to note that they are rising rates concurrently, the Federal Reserve is nothing near relaxing monetary policy at this moment, so you probably have a lot of people purchasing.


Today on Wall Street, the story will almost certainly go something like this: "If the Bank of England is prepared to change course, then the Federal Reserve must be prepared as well!" These idiots are the ones that incur losses. Nothing has changed, and as of right now, the higher it rises, the more interested I am in selling.


Suggestion