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Despite the European Central Banks (ECB) ban on employees accepting payments from third parties, ECB President Christine Lagarde, as a member of the Bank for International Settlements (BIS) board, still receives approximately €140,000 annually. Some ECB employees have complained on internal message boards about this apparent double standard. One ECB staff member wrote, "Preach water, drink wine." Lagarde is one of 18 of the worlds top central bank governors on the BIS board. While all of them receive a fixed annual salary and variable attendance allowances, the BIS does not disclose the specific compensation details for each member. The ECB states that Lagardes situation is different because, as a BIS board member, the presidents role means "participating in the governance decisions of the BIS, assuming governance responsibilities and associated legal risks. Given these responsibilities, the president receives remuneration from the BIS."EU High Representative for Foreign Affairs and Security Policy Karas: EU officials will discuss the loan to Ukraine today.February 23 (Futures News) - As of 15:00 Beijing time, spot platinum rose 0.77% and spot palladium rose 0.71%.According to the Ministry of Transport, the total number of cross-regional passenger trips today is expected to reach 362.58 million, a decrease of 4.7% compared to the previous day, but an increase of 11.9% compared to the same period in 2025.South Korean Finance Minister: The trade agreement between South Korea and the United States remains "in effect".

E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Ready to Strike Next Main Top at 34011

Alice Wang

Aug 15, 2022 15:03

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Late in the Friday afternoon, September E-mini Dow Jones Industrial Average futures are trading substantially higher. Expectations of a less rapid pace of future interest rate increases beginning in September are the driving forces behind the rally. The present spending binge was spurred by earlier in the week's weaker-than-anticipated consumer and producer inflation numbers.


September E-mini Dow Jones Industrial Average futures are now trading at 33634, up 330 or +0.99%, at 18:58 GMT. Currently trading at $337.81, the SPDR Dow Jones industrial average ETF is up $4.10 or +1.23%.


Optimism was also fueled by statistics indicating that U.S. consumer confidence increased in August after hitting a record low this summer and that American consumers' expectations for inflation in the near term decreased once again as a result of falling gasoline costs.


The banking sector is up approximately 1.4% to continue its gain for a sixth consecutive week, according to stock market reports. JPMorgan Chase & Co. and Goldman Sachs Group Inc., two Dow components, are up 1.66% and 0.61%, respectively. Walt Disney and Merck & Co. are poised to record the session's biggest increases.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The rise resumed after the transaction passed 33625. The uptrend will be confirmed if a move is made through the next key top at 34011. When a transaction passes over 32342, the primary trend will turn downward.


35405 to 29639 is the primary range. The support that is dictating the short-term direction of the market is between 33202 to 32522, which is the strong side of the market's retracement zone.

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