EUR/USD 1.14724
0.179%
Gold 4675.70
-2.961%
Oil 96.052
-2.842%
USD/JPY 159.182
-0.421%
GBP/USD 1.32788
0.169%
GBP/JPY 211.379
-0.192%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 19th, it was announced at a press conference held by the General Administration of Customs that, in order to further improve the level of supervision over imported food safety and facilitate trade in imported food, the General Administration of Customs recently revised and issued the "Regulations on the Registration Management of Overseas Production Enterprises of Imported Food of the Peoples Republic of China" and supporting implementation announcements. The relevant policies and measures will officially take effect on June 1, 2026. Li Jinsong, Director of the Import and Export Food Safety Bureau of the General Administration of Customs, stated that the new regulations place greater emphasis on implementing the "strictest standards" for food safety, strengthening source management and full-process supervision. At the same time, they fully consider the continuity with existing registration systems; currently registered enterprises worldwide will not only be unaffected in their imported food trade but will also receive greater convenience through the new regulations. Specifically, for registered enterprises other than those producing meat and meat products and birds nest and birds nest products, the validity period will be automatically renewed upon expiration.Libyas National Oil Corporation (NOC) said the fire at the Sharara oil field pipeline has been extinguished.March 19th - Fuel shortages are emerging in cities and rural areas across Japan, impacting everything from public transportation to agricultural production. The situation is exacerbated by the growing chaos caused by the war in Iran, which is permeating daily life. The import-dependent country relies almost entirely on Middle Eastern oil supplies, and the de facto closure of the Strait of Hormuz has had a particularly severe impact. Major refiner Idmitskovsan began reducing supplies to customers this week, and gasoline prices in the country surged 18% in the past week, reaching their highest level on record in 36 years. Some farmers have reported difficulty obtaining diesel fuel for tractors and other equipment before the planting season, which typically begins in April. Dealers have therefore limited sales and are seeking alternative sources of supply. Several suppliers have stated they have no inventory available for delivery.German container shipping company Hapag-Lloyd: Any change of flag still requires further consultation, internal assessment, commercial considerations, and approval of relevant legal and regulatory requirements.The China Earthquake Networks Center officially reported that a magnitude 3.4 earthquake occurred at 18:09 on March 19 in Shaya County, Aksu Prefecture, Xinjiang (41.06 degrees north latitude, 83.56 degrees east longitude), with a focal depth of 17 kilometers.

Turns Short-Term Bullish on Trade Thru 12096.75

Skylar Shaw

May 26, 2022 10:10

微信截图_20220526100123.png


Shortly after the cash market closed on Wednesday, June E-mini NASDAQ-100 Index futures were trading higher. Following the publication of minutes from the Federal Reserve's most recent monetary policy meeting, the market is up, although off its highs.


The minutes revealed that officials agreed that the US economy was quite robust as they struggled to control inflation without causing a recession.


June E-mini NASDAQ-100 Index futures were trading at 11922.50 at 20:17 GMT, up 151.50 or 1.29 percent. The Invesco QQQ Trust ETF closed at $291.33, up $4.09 or 1.42 percent from its previous close.


The minutes from the Federal Reserve's meeting on May 3-4 revealed that policymakers recognized the need to increase rates fast, maybe more than the market has priced in, to combat recent inflationary pressures.


The index increased following the minutes since there were no surprises.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through 11491.25. The major trend will turn to up if the price breaks through 12594.00.


The small downward trend continues. The minor trend will be changed to up with a transaction through 12096.75. This will also alter the market's momentum upward.


A long-term retracement zone between 11671.25 to 10468.25 is the primary support on the downside.


The first barrier on the upside is a small pivot at 12042.75. After it, at 12042.75, there is a second minor pivot.

Short-Term Prospects

The early Thursday direction of the June E-mini NASDAQ-100 Index will most likely be determined by trader response to 11671.25.

Positive Outlook

The presence of buyers will be shown by a prolonged advance over 11671.25. The minor peak at 12096.75 is the initial upside objective, followed by 12042.75.


Taking out 12096.75 might provide the necessary upward impetus to attack the 50% level at 12523.25, then the major peak at 12594.00. If a trade is made through this level, the major trend will flip to up, signaling further upside potential.

Bearish Prospects

A prolonged move below 11671.25 indicates weakness. If the minor bottom at 11576.25 is broken, the minor bottom at 11491.25 should be tested quickly. This might be the starting point for a run to the major bottom at 10913.75 on November 2, 2020.

Suggestion