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A chart summarizing the overnight price movements of international spot platinum and palladium.Geopolitical tensions exacerbated price volatility, with lingering concerns about a potential blockade of the Strait of Hormuz, leading to sharp fluctuations in international crude oil prices at high levels. A chart provides a quick overview of pre-market crude oil prices converted between domestic and international markets.According to Futures News on April 22, as of 8:30 AM Beijing time, spot platinum fell 0.03% and spot palladium fell 0.21%.On April 22nd, a research report from CICC stated that Federal Reserve Chairman nominee Kevin Warsh testified before the Senate Banking Committee, revealing his core policy stance of a two-pronged approach of "balance sheet reduction and interest rate cuts." At the balance sheet level, he explicitly opposed normalizing quantitative easing (QE), advocating for a gradual and orderly reduction of the Feds balance sheet size and a withdrawal from fiscal-like responsibilities, returning it to its monetary policy roots. At the interest rate level, although no explicit commitment was made, his statements indicated a tendency towards interest rate cuts. In our view, Warshs policy proposals are not only an adjustment to the monetary issuance mechanism but also an extension of the "America First" strategy under the wave of anti-globalization into the monetary field—shifting from a "global central bank" that endlessly injects liquidity globally to a new approach that firmly controls the overall money supply, focuses on domestic productivity, and emphasizes monetary sovereignty. We believe this shift means that the narrative of continued dollar liquidity flooding the market will face revision, and assets solely reliant on liquidity and benefiting from "dollar over-issuance" may come under pressure.April 22nd - According to foreign media reports, John Turner, Apples (AAPL.O) next CEO, faces a major challenge as he assumes the role: retaining top talent during a period of historic personnel change. After several years of relative calm, Apple has recently experienced a wave of departures—from executives to junior engineers. Turner, who will succeed Tim Cook as CEO in September, will be tasked with stabilizing the workforce. Late last year, the highly acclaimed chip business chief, Johnny Sruggie, told Cook that he was seriously considering leaving Apple. Apple recently retained Sruggie by offering him a new compensation package and a broader position—the companys first Chief Hardware Officer. Turner will need to address succession issues and the potential departures of other executives, including Mike Rockwell and several long-time leaders who are retiring soon.

S&P 500 Weekly Price Forecast – Stock Market Has Rough Week

Steven Zhao

Nov 07, 2022 15:32


Technical Analysis of the S&P 500

During the trading week, the S&P 500 plunged very sharply, approaching the 200-Week EMA. It will be challenging to understand what you were going to do next at this point because the market is probably going to continue to experience a lot of back-and-forth. A significant move to the downside is now possible if we break down below the 3600 mark at this moment. If that were to occur, I believe the S&P 500 would likely decline below the 3400 level, then the 3300 level.


On the other side, if we are able to move the market over the 3900 level and through to the 50-Week EMA, which is just above the 4000 level, it is possible. It will probably be more or less a "fade the rally" type of event because I believe we still have a ways to go before changing the general attitude. Due to this, the market is likely to perceive this as a situation in which we must use the weekly chart as a guide, but may also need to look at a lower timeframe, such as the daily or 4-hour chart, to start things moving in the wrong direction.


Given that the Federal Reserve has restated its aim to keep interest rates low for a longer period of time, the magnitude of the candlestick engulfs the preceding one, which does indicate that there will likely be selling pressure moving forward.

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