EUR/USD 1.08480
0.011%
Gold 2903.93
-0.193%
Oil 67.076
0.427%
USD/JPY 146.881
-0.723%
GBP/USD 1.29295
0.041%
GBP/JPY 189.913
-0.681%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
German Social Democratic Party leader Klingbeil: I attach great importance to the concerns raised by the Green Party and we will talk to them tonight.UK Coastguard: An emergency response is being coordinated to reports of a collision between a tanker and a cargo ship off the East Yorkshire coast. Helicopters and lifeboats are providing emergency assistance; the incident is ongoing.According to TASS: Russias Foreign Intelligence Service said it was time to send a clear signal to London that "efforts to ignite the conflict will not produce any results."According to RIA Novosti: Russias Foreign Intelligence Service said that the British leadership believes that Russias dialogue with the United States on the Ukraine issue poses a threat to its interests.March 10th news, on March 10th, Nayukis Tea (02150.HK) Hong Kong stocks plummeted, falling more than 25% during the session to HK$1.22, a new low since February 7. As of 14:10, Nayukis stock price was still down more than 20%. On the same day, Nayuki was officially removed from the Hong Kong Stock Connect list. Nayuki has been plagued by negative news recently. First, in the fourth quarter of last year, multiple shareholders continued to reduce their holdings, realizing a total of about HK$558 million. Last Friday, it issued a performance warning, and it is expected that the adjusted net loss will be about 880 million to 970 million yuan (RMB). The reporter also found that public funds have been continuously reducing their holdings in Nayuki as early as the second half of 2023.

Following the GDP Miss, the E-mini S&P 500 Has Given Up Some of Its Earlier Gains

Skylar Shaw

Apr 29, 2022 10:19

微信截图_20220429094622.png


Following a good earnings announcement from Meta Platforms, June E-mini S&P 500 Index futures are trading higher immediately after the cash market opens, as the benchmark index seeks to recoup from this month's sell-off.


The June E-mini S&P 500 Index is now trading at 4194.75, up 14.50 points or 0.35 percent, at 14:28 GMT. The SPDR S&P 500 Trust ETF (SPY) is now trading at $418.48, up $1.21 or 0.29 percent.


Following a beat on results, Meta's stock jumped roughly 16 percent, indicating that investors may be seeing indications of reprieve in the battered tech industry. Prior to the announcement, the stock was down 48% year to date.

Increased Wages Sentiment in the Market

In addition to Meta's gains, Qualcomm gained more than 8% on the basis of good results, while PayPal gained over 5% despite providing disappointing second-quarter outlook.


Following their quarterly releases, McDonald's, Merck, Eli Lilly, and Southwest were all up on Thursday.


Despite a positive earnings surprise, Caterpillar's stock dropped roughly 5%. After posting weaker-than-expected earnings, Teladoc's stock dropped by more than 44%.


Traders are unconcerned by the US GDP shortfall.


In economic news, the United States' Gross Domestic Product (GDP) unexpectedly fell by 1.4 percent in the first quarter from the previous year, contrary to the 1 percent rise projected by experts polled by Dow Jones. Some investors dismissed the economic downturn, citing the rise in prices and the trade imbalance as the primary causes.

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 4136.75. The major trend will turn to up if the price breaks through 4509.00.


The minor trend is similarly in the negative direction. A trade through 4303.50 will shift momentum to the upside and turn the minor trend to up.

Swing Chart for the Day Technical Prognosis

Trader response to 4220.00 is expected to decide the direction of the June E-mini S&P 500 Index on Thursday.

Possibilities for Growth

The presence of buyers will be shown by a prolonged advance over 4220.25. Taking out the intraday high of 4258.75 would signal that the buying is becoming more powerful. Look for a burst through the resistance cluster around 4299.25 – 4303.50 if this generates enough upward momentum.

Scenario that is bearish

The presence of selling will be signaled by a persistent move below 4220.00. Look for the selling to continue towards 4136.75 if this move creates enough bearish momentum.


Taking out 4136.75 indicates that the selling pressure is increasing. This might lead to a break through the next key bottom at 4129.50, then the year's low at 4094.25.

Suggestion