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Amazons self-driving taxi service, Zoox, will first begin charging fares in Las Vegas, and will later expand to other markets. It will initially accept a limited number of passengers in Austin and Miami.On July 30th, Berenberg Bank analyst Andrew Wishart stated in a report that despite the energy price shock, European economic activity showed resilience in the second quarter, reducing the likelihood of a "precautionary rate hike" (aimed at preventing a new wage-price spiral) threatening the job market. He stated, "We believe the Bank of England may implement its threat of a 25 basis point rate hike if energy prices rise further." However, since this economic resilience has not translated into a recovery in labor demand, the trend of slowing inflation is likely to continue. Wishart believes this will allow policymakers to soften their hawkish stance and instead implement rate cuts to support employment. He expects the Bank of England to resume rate cuts in December and lower the policy rate from 3.75% to 3.0% by mid-2027.Market news: Members of the Union of European Football Associations (UEFA) have agreed to boycott the World Cup.On July 30th, Google DeepMind unveiled the Gemini Robotics 2 model. According to reports, Gemini Robotics 2 enables robots to reason about every action, unlocking a wide range of tasks. For example, it can make a humanoid robot walk, crouch, stretch, and manipulate objects to clean a cluttered room. It can even collaborate with other robots to complete tasks faster. This deep intelligence can also run locally on the device and seamlessly adapt to entirely new robotic entities in just a few hours. Google DeepMind also released two other robotic AI models—Gemini Robotics ER 2 and On-Device 2. Gemini Robotics ER 2 is the most powerful embodied reasoning (ER) model, a visual language model (VLM) that will enable robots to communicate with humans, understand the physical world, and plan multi-step tasks lasting several minutes. On-Device 2 is the most efficient visual-language-action (VLA) model, optimized to run locally on robotic devices. This model can now quickly adapt to entirely new robotic entities using just a few hours of data.On July 30th, it was reported that the Japanese government officially established the "National Intelligence Agency" on July 31st local time. The first director is Kazuya Hara. Hara previously served as the head of the Foreign Affairs Division and the Director-General of the Security Bureau of the National Police Agency, and has served as Cabinet Intelligence Officer since 2023. According to a bill previously passed by the Japanese Diet, Japan will build an intelligence system with the "National Intelligence Council" at its core and the "National Intelligence Agency" as its executive body, responsible for coordinating intelligence activities in areas such as security and counter-terrorism, as well as "foreign intelligence activities" involving foreign espionage. The "National Intelligence Agency" is also granted comprehensive coordination authority to request intelligence from various government ministries and agencies.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis

Skylar Shaw

May 16, 2022 10:41

Late in the session on Friday, June E-mini NASDAQ-100 Index futures were trading higher, putting the tech-weighted index in a position to end on a positive note, but still below for the week. The market action was chaotic throughout the time, with wild gyrations fueling volatility amid signals of peaking inflation and fears that the Federal Reserve might tighten policy too quickly.


The market was driven higher by rebounding megacap tech and tech-related growth firms. During the epidemic, when interest rates were touching historical lows and Fed monetary policy was supportive, these stocks lifted the main indexes to record highs, but they have been smashed for many months.


In other financial news, Twitter Inc shares fell 9.8% after Elon Musk tweeted that he has put the $44 billion cash acquisition proposal on hold while waiting for evidence on false accounts from the social media business. Tesla Inc, on the other hand, increased by 4.9 percent.

Swing Chart Every Day Technical Evaluation

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a transaction through 11689.00. The primary trend will turn to up if 13555.25 is crossed.


The small downward trend continues. The minor trend will be changed to up with a transaction through 12553.25. This will change the market's momentum upward.


The long-term retracement zone from 11671.25 to 10468.25 is the primary support on the downside.

A pivot at 12622.25 is the first objective and probable resistance on the upside.