• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 15th - According to statistics released by the State Administration of Foreign Exchange (SAFE), in January 2026, banks settled 2.0048 trillion yuan in foreign exchange and sold 1.4457 trillion yuan; banks foreign exchange receipts on behalf of clients totaled 5.4722 trillion yuan, while their payments totaled 4.8974 trillion yuan. Li Bin, Deputy Director and Spokesperson of SAFE, explained that in January, both the banks foreign exchange settlement surplus and the net inflow of cross-border funds from non-bank sectors such as enterprises and individuals declined compared to the previous month. This was mainly due to seasonal factors; while corporate receipts and settlements increased rapidly, the growth slowed recently as demand gradually increased. "Overall, my countrys foreign exchange market is active, expectations are stable, and cross-border capital flows are becoming more stable," said Li Bin.On February 15th, a netizen raised a question on social media: SpaceX is shifting its focus from Mars to the Moon and plans to build an autonomous city on the Moon within ten years, but why is it making this change? Musk responded: "It needs to be clear that we will continue to advance the Mars program. I believe this adjustment will not affect the timeline for the autonomous development of a Martian city by more than five years, and may even accelerate the development process on Mars."February 15th - According to Iranian media reports on February 14th, Iranian Foreign Ministry spokesman Baghae stated in a media interview that the right to peaceful use of nuclear energy is Irans inherent and inalienable right, and no form of political pressure can undermine this right. Baghae stated that as a signatory to the Treaty on the Non-Proliferation of Nuclear Weapons, Iran enjoys the right to peaceful use of nuclear energy. Iranian President Peshichiyan recently stated that Iran does not seek nuclear weapons and is prepared to accept any form of inspection, but will not back down in the face of excessive demands and injustice. The United States has recently continued to pressure Iran, deploying multiple warships, including the aircraft carrier USS Lincoln, in the Middle East and threatening military intervention. A new round of US-Iran talks will be held on February 17th in Geneva, Switzerland, with Omani representatives coordinating the contacts between the two sides.February 15th - The Bank of England will be closely watching a series of data releases in the coming days. The bank made the difficult decision to keep interest rates unchanged due to concerns that inflation remains too high. British economic observers are facing a busy week: starting with labor market data and consumer price statistics, and ending with public finances and retail sales reports. Wednesdays inflation report will be the focus, especially as it is the last data release before the Bank of Englands next policy meeting in March, and there is significant internal disagreement on its interpretation. Meanwhile, Tuesdays employment report is also an important indicator. Evidence of a continued weakening labor market would be reassuring to officials, as it would suggest easing price pressures.Market news: Australia will invest AU$3.9 billion in a new submarine construction plant.

E-mini S&P 500 Index (ES) Futures Technical Analysis – Tech Sector Recovery Helping to Pare Earlier Losses

Cory Russell

Jul 15, 2022 15:14

微信截图_20220715150341.png


A jump in recession worries was sparked by dismal quarterly reports from two major U.S. banks and hotter-than-expected consumer and producer inflation data. As a consequence, September E-mini S&P 500 Index futures are down as of late Thursday, although they are still off their intraday lows.


Following the release of JPMorgan Chase & Co. and Morgan Stanley's second-quarter results, the benchmark index started the cash market with a significant decline. Both disclosed declining profitability and issued warnings about an upcoming economic recession.


September E-mini S&P 500 Index futures are now trading at 3795.50, down 9.0 or -0.24 percent, at 18:04 GMT. This is higher than the day's low of 3723.75. The S&P 500 Trust ETF (SPY) is down $0.44 or 0.12%, trading at 378.39.


Late in the afternoon, losses are being reduced, and the technology sector is now in the black thanks to a recovery in semiconductor prices.

The near future

The response of traders at 3804.50 will probably influence the movement of the September E-mini S&P 500 Index into Thursday's closing.

Positive Scenario

The existence of buyers will be confirmed by a prolonged advance over 3804.50. Look for a probable burst into the minor retracement zone of 3837.00 to 3863.50 if this move generates enough upward momentum. The resistance cluster at 3922.00 is the next possible resistance after this location.


The primary trend will switch to up if a transaction is made through 3922.00. The uptrend will be confirmed by a move through 3950.00, but I won't start getting enthusiastic about the upside until I see a close over the main Fibonacci level at 3988.75.

Grizzly Situation

Sellers will be there if there is a persistent move below 3804.50. The short-term 50 percent mark at 3794.50 must be broken below to signal that the selling is intensifying. This might result in a swift breach into the 3757.75 short-term Fibonacci level. Before the intraday low at 3723.75, this is the final possible support.


The downtrend will be confirmed if 3723.75 is taken out, with 3639.00 serving as the next significant drop objective.