EUR/USD 1.16054
-0.100%
Gold 4508.22
-0.767%
Oil 95.267
-1.973%
USD/JPY 159.162
0.116%
GBP/USD 1.34395
0.066%
GBP/JPY 213.893
0.184%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Federal Reserve Statement: The Federal Open Market Committee (FOMC) unanimously elected Kevin Warsh as Chairman of the FOMC.On May 23, U.S. Director of National Intelligence Tulcie Gabbard announced on social media on May 22 that she had submitted her resignation to President Trump that day to care for her husband, who is battling cancer. U.S. media reports indicate that Gabbard was effectively "forced out" by the White House. In her resignation letter, Gabbard stated that her husband had recently been diagnosed with "an extremely rare form of bone cancer," and her resignation would take effect on June 30. Trump announced on social media that day that Deputy Director of National Intelligence Aaron Lucas would serve as acting Director of National Intelligence. According to multiple U.S. media reports, Gabbard had been marginalized within the White Houses national security decision-making system, and in recent months, Trump had expressed considerable dissatisfaction with her and considered replacements. Gabbard has long opposed U.S. government military intervention abroad and disagreed with Trump on the Iranian nuclear issue. After the U.S. and Israel launched a large-scale military operation against Iran in late February, she testified before Congress that Iran had not attempted to rebuild its nuclear program and refused to confirm that Iran posed an imminent threat as the U.S. claimed.According to the Wall Street Journal, sources say the United States has suspended visa issuance to people who have visited Ebola-affected areas. This policy applies to individuals planning to travel to the United States within 21 days in South Sudan, the Democratic Republic of Congo, or Uganda.According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending May 19, speculators reduced their net short positions in CBOT U.S. 2-year Treasury futures by 41,775 contracts to 1,560,837 contracts; increased their net short positions in CBOT U.S. 10-year Treasury futures by 66,885 contracts to 848,052 contracts; increased their net short positions in CBOT U.S. ultra-long-term Treasury futures by 15,470 contracts to 254,464 contracts; and reduced their net short positions in CBOT U.S. 5-year Treasury futures by 11,629 contracts to 1,350,516 contracts.According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending May 19, crude oil speculators increased their net long positions in WTI crude oil by 15,017 contracts, reaching 110,348 contracts.

E-mini NASDAQ-100 Threatening to Turn Lower for the Week

Cameron Murphy

Apr 02, 2022 10:36


微信截图_20220402102125.png


Shortly after the mid-session on Friday, June E-mini NASDAQ-100 Index futures were trading lower. The likelihood of increasing interest rates, a difficult bond market recession indicator, and another decline in semiconductor stocks are the drivers for the weakness.


June E-mini NASDAQ-100 Index futures were trading at 14736.50 at 17:18 GMT, down 132.25 or -0.89%. The Invesco QQQ Trust Series 1 ETF (QQQ) is currently trading at $359.00, down $3.54 or -0.98 percent from its previous close.


Investors are pondering the official March jobs report, which revealed that the US economy added 431,000 jobs. The result was lower than Dow Jones's aggregate prediction of 490,000, but higher than some of the lower end estimates. Nonetheless, the figures indicated that the US economy was resilient, sustaining the Federal Reserve's aggressive tightening program.


Stock market traders completely ignored a bond market recession signal that was triggered after the closing bell on Thursday and again on Friday morning. For the first time since 2019, the 2-year and 10-year Treasury rates reversed.


However, after the jobs report confirmed the assumption that the Fed will need to quickly boost rates to control surging inflation, U.S. Treasury yields soared and a frequently monitored portion of the yield curve reinverted.


Meanwhile, chip stocks sank again on Friday, with Intel down more than 4% and Advanced Micro Devices down 2.3 percent, owing to rising concerns about personal computer demand.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is up. The return of the uptrend will be signaled by a trade through 15268.75. The major trend will turn to down if the price breaks through 12942.50.


Although this is exceedingly unlikely, a regular 50 percent to 61.8 percent correction of the recent 10-session surge is possible.


The minor trend is upwards as well. The minor trend will be changed to down if a deal is made through 14433.50. This will change the tide.


16700.00 to 12942.50 is the major range. Earlier this week, the index encountered resistance at 15264.50, which was the top of its retracement zone. At 14821.25, it is currently trading on the downside of the 50% barrier.


12942.50 to 15268.75 is the short-term range. The new downside target is 14105.40 to 13831.00, which is the retracement zone.

Technical Forecast for the Daily Swing Chart

The presence of sellers will be shown by a persistent move below 14821.25. Look for the selling to extend towards the minor bottom at 14433.50 if this move creates enough negative momentum.

If the index can overcome 14821.25 late in the session, it will be in a position to turn higher for the rest of the day.

Suggestion