EUR/USD 1.18263
0.074%
Gold 5057.83
2.254%
Oil 63.697
0.115%
USD/JPY 156.133
0.229%
GBP/USD 1.37067
0.066%
GBP/JPY 214.011
0.303%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 4th - At 10:00 AM today (February 4th), the State Council Information Office held a press conference to introduce the relevant situation regarding anchoring agricultural and rural modernization and solidly promoting the comprehensive revitalization of rural areas, and answered questions from reporters. The conference introduced that the Central Document No. 1 clearly outlines the major tasks and key work in the "agriculture, rural areas, and farmers" sector this year. The main content can be summarized as "four key tasks and two supporting guarantees." The "four key tasks" are: improving the comprehensive agricultural production capacity and quality efficiency; implementing regular and precise assistance; actively promoting stable income growth for farmers; and promoting the construction of livable, workable, and beautiful villages according to local conditions. The "two supporting guarantees" are: strengthening institutional and mechanism innovation and strengthening the Partys comprehensive leadership over "agriculture, rural areas, and farmers" work.February 4th - At 10:00 AM today (February 4th), the State Council Information Office held a press conference to introduce the relevant situation regarding anchoring agricultural and rural modernization and solidly promoting the comprehensive revitalization of rural areas, and answered questions from reporters. The conference stated that in the past year, farmers living standards have significantly improved. Farmers incomes have continued to grow, with the per capita disposable income of farmers reaching 24,456 yuan in 2025, a real increase of 6% over the previous year. The income gap between urban and rural residents has narrowed from 2.56:1 in 2020 to 2.31:1, and farmers living conditions, including clothing, food, housing, and transportation, have continuously improved.According to Axios, nuclear talks between the United States and Iran are expected to begin in Oman on Friday. The Trump administration has agreed to Irans request to move the talks from Türkiye.February 4th - In 2025, courts across China vigorously promoted the clearing of overdue payments owed by government agencies and public institutions to small and medium-sized enterprises (SMEs), concluding 9,166 cases and recovering 31.142 billion yuan. Courts strictly implemented the judicial interpretation on "back-to-back" clauses (the "Reply on the Validity of Clauses Between Large Enterprises and SMEs Where Payment is Predicated on Third-Party Payment") to prevent large enterprises from abusing their dominant position to "bully" smaller enterprises. Courts nationwide directly applied this judicial interpretation to conclude 709 cases, helping SMEs recover 1.9 billion yuan in overdue payments.Hong Kong-listed chip stocks opened lower, with Shanghai Fudan (01385.HK) falling over 4%, followed by declines in other stocks such as Hua Hong Semiconductor (01347.HK), GigaDevice (03986.HK), SMIC (00981.HK), ZTE (00763.HK), and Biren Technology (06082.HK). Innoscience (02577.HK) bucked the trend, rising over 6%.

Stock Markets Take a Break Ahead of Non-Farm Payroll

Cory Russell

Aug 05, 2022 15:46

微信截图_20220805154025.png


As we swing back and forth between the Friday news, the S&P 500 has been trading a little sideways throughout the day.

Technical Analysis of the S&P 500

The S&P 500 fluctuated throughout the session on Thursday since we are barely below the 200 day moving average and, of course, we have to be concerned about the employment report on Friday.


Given that circumstance, I believe an explosive move is most likely only a matter of time. If everything remained the same, one may believe that this barrier should hold, but the S&P 500 might really take off if we were to break over the 4200 mark. Although that is not my worst-case situation, I must have it in the back of my mind when I trade this.


The 4100 level, in my opinion, is critical. A far deeper correction may be seen if we were to drop below that level. We drop another 100 points or so at that moment and start looking at the 50 Day EMA.


Unfortunately, whether or not the Federal Reserve will tighten monetary policy any more forcefully depends entirely on perception. While the Fed adamantly maintains its capacity to do so, the market does not believe it. It's highly likely that the stock markets will see a little decline if the American employment report on Friday is hotter than expected. Traders will view this as yet more justification for the Federal Reserve to closely monitor its monetary policy, perhaps leading it to tighten further. In any case, I believe we are a bit overdone in the near future, but always keep an eye out for the opposite side.

Suggestion