EUR/USD 1.16109
-0.028%
Gold 4395.82
-0.878%
Oil 90.890
1.633%
USD/JPY 155.890
-0.220%
GBP/USD 1.35144
-0.029%
GBP/JPY 210.681
-0.249%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Germanys seasonally adjusted industrial production month-on-month rate for July and the UKs seasonally adjusted Halifax house price index month-on-month rate for August will be released in ten minutes.French Finance Minister Lescourt: Concerned about the far-right Alternative for Germany (AFD) partys victory in the German state elections.The SC crude oil futures contract rose more than 3%, currently trading at 703.6 yuan/barrel; the asphalt futures contract saw its intraday gains widen to 2.00%, currently trading at 5095.00 yuan/ton.On September 7th, Deutsche Bank now expects the European Central Bank (ECB) to raise interest rates by another 25 basis points in December, following the September rate hike, as ongoing energy risks weigh on the inflation outlook. The banks research division previously predicted that the deposit facility rate would peak at 2.5% (currently at 2.25%), but now believes these assumptions are being challenged. Despite the ongoing conflict in Iran posing an upside risk to inflation, the Eurozone labor market remains relatively weak, with little evidence to date that broader price pressures are driving wage growth. While the bank currently sees 2.75% as a more likely terminal interest rate level, it notes that a faster easing of geopolitical tensions and weaker growth could keep the rate cap at 2.5%, and a move above 3% lacks justification without broader inflationary pressures. The ECB is scheduled to announce its interest rate decision on September 10th, with a rate hike widely expected.Deutsche Bank: The European Central Bank is expected to continue raising interest rates until December.

S&P 500 Prices Forecast – Stock Market Pulls Back

Alice Wang

Nov 01, 2022 16:16

微信截图_20220913115018.png

Technical Analysis of the S&P 500

The S&P 500 has slightly declined during Monday's trading session as a result of the recent high level of volatility. We also need to be concerned about the Wednesday session since the Federal Reserve will be discussing interest rates that day, which means there will be a lot of volatility and commotion in the area.


The Federal Reserve's announcement on Wednesday will be closely watched by the S&P 500 and market participants as they attempt to determine whether or not they will continue to tighten monetary policy or whether they will slow down. There is a lot of optimism that they would slow down, but at this point, there is really no reason for it.


The 50-Day EMA is below and is still indicating market significance; it should now provide a large level of support. In the end, this market is still quite loud in my opinion. I will be paying great watch to the 3800 level, which has generated substantial resistance, so it shouldn't come as a major surprise if there is market memory there.


The market is still exhibiting a lot of noisy behavior, and once that announcement is made at the end of the day on Wednesday, I predict that there will be a lot of back-and-forth trading as investors attempt to predict whether or not Jerome Powell would cut down the pace of raises. To be honest, I don't think he will, and I think there could be a lot of disappointment.

Suggestion