EUR/USD 1.16689
0.022%
Gold 4610.07
0.278%
Oil 60.283
1.068%
USD/JPY 158.823
0.421%
GBP/USD 1.34713
0.045%
GBP/JPY 213.958
0.471%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Deepgram, a voice AI technology startup, said Tuesday it has raised $130 million at a $1.3 billion valuation and plans to expand into international markets, launch new models, and make acquisitions.January 13th - According to foreign media reports, as core inflation unexpectedly declined slightly in December, investors rushed to buy US government bonds, causing a sharp drop in US Treasury yields and a sell-off of the US dollar. The US core inflation rate in December was 2.6% year-on-year, failing to accelerate to the predicted 2.7%. While these inflation indicators are unlikely to change expectations that the Federal Reserve will keep interest rates unchanged later this month, they may alleviate concerns that accelerating inflation could delay a new round of rate cuts.January 13th - According to CNBC analysis, the U.S. core consumer price index (CPI) rose less than expected in December, further strengthening market confidence that inflation is cooling as the Federal Reserve considers its next interest rate policy move. Data released Tuesday by the Bureau of Labor Statistics showed that the seasonally adjusted core CPI rose 0.2% month-on-month and 2.6% year-on-year, both 0.1 percentage points lower than market expectations. Overall, both the monthly and year-on-year CPI rates were in line with market expectations. This report indicates to some extent that the pace of price increases is slowing towards the Feds 2% target, but the level remains relatively high. Among the sub-items, housing costs, a key factor with strong inflation stickiness, rose 0.4% month-on-month, becoming the largest single contributor to the CPI increase that month. This category accounts for more than one-third of the CPI and rose 3.2% year-on-year.January 13th - According to Reuters, traders increased their bets on Tuesday that the Federal Reserve might not wait until Fed Chairman Jerome Powells term ends in May to cut interest rates, after the U.S. Bureau of Labor Statistics reported that basic consumer price increases were slightly lower than expected. While traders still believe a June rate cut is the most likely outcome, the latest data projects a 42% probability of a Fed rate cut in April, up from 38% before the data release.January 13th - Market analyst Ira Jersey stated that the reassurance brought by the lack of a substantial surge in US inflation has led to blind optimism in the market and pushed up bond yields. The overall CPI increase of 2.7% year-on-year implies that the core PCE annual rate will be below 2.5%, paving the way for the Federal Reserve to adopt a more dovish stance. While a January rate cut is not considered a certainty, it undoubtedly brings the possibility of a March rate cut under consideration.

S&P 500 Weekly Price Forecast – Stock Markets Have a Bullish Week

Alice Wang

Aug 01, 2022 15:59

微信截图_20220801155213.png


As a result of Jerome Powell convincing the markets that the Federal Reserve may change course, stock markets have surged to break over the 4100 barrier.

Weekly Technical Analysis for the S&P 500

During the trading week, the S&P 500 initially declined a little, but underlying it, purchasers were in great supply. The market has now broken through the 4100 level. On the daily chart, we are now in the midst of the last consolidation region, therefore a break above the 4100 level would be positive. The 4200 level, another enormous, round, psychologically important number, is slightly below the 50 Week EMA.


Especially if people begin to grasp that the Federal Reserve is not about to pivot, despite what Wall Street has fabricated, signs of tiredness will be sold into. Considering that Friday was the final day of the month, it is extremely possible that what we have witnessed is a little relief rally. Even though end-of-month marking up is against the law, it happens in business.


The fact that we are still firmly in a slump is what you should focus on there the most. Yes, it has been a pretty beautiful upward rise, but I'm still not sure. However, if we get a daily close above the 4200 mark, the general trend is likely to significantly change, and we may then go considerably higher. I think the next week or two will be critical because they will reveal where the markets are headed in the long run. At this point, it's entirely up in the air whether or not we go any higher.

Suggestion