EUR/USD 1.16399
0.297%
Gold 4567.98
1.326%
Oil 90.651
-4.845%
USD/JPY 158.907
-0.160%
GBP/USD 1.34948
0.411%
GBP/JPY 214.447
0.259%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sources say the Sizlan oil refinery in Russia halted oil processing following a drone attack on May 21.Two sources said that Caspian Pipeline Alliance (CPC) oil exports rose 5% in April compared to March, reaching 6.314 million tons.On May 25, 2026, Pan Gongsheng, Governor of the Peoples Bank of China (PBOC), met with Jean-Pierre de Gallo, Governor of the Bank of France. The two exchanged views on the global and Chinese economic situation, Sino-French and Sino-European economic and financial cooperation, and global economic and financial governance. Pan Gongsheng stated that in recent years, under the strategic guidance of the heads of state of China and France, Sino-French relations and cooperation have made positive progress. Currently, the global economy faces multiple challenges, including geopolitical conflicts. China and France, and China and Europe, should strengthen strategic communication, jointly uphold multilateralism, and work together to build a more fair, just, inclusive, and resilient global financial governance system. China is firmly committed to opening up its financial sector and welcomes financial institutions from all countries, including France, to deepen their presence in the Chinese market. The PBOC is willing to continue deepening exchanges and cooperation with the Bank of France to elevate Sino-French and Sino-European financial cooperation to new heights. De Gallo stated that deepening Sino-French and Sino-European cooperation is of great significance in the current complex and volatile international situation. The Bank of France attaches great importance to its cooperative relationship with the PBOC and is willing to further strengthen communication and coordination to jointly promote the improvement of global economic and financial governance. Following the meeting, De Gallo delivered an academic lecture at the Peoples Bank of China and exchanged views with staff. Xuan Changneng, Vice Governor of the Peoples Bank of China, attended the meeting and chaired the lecture. Yi Gang, President of the China Finance Society, also attended the lecture.According to TASS, the Russian Foreign Ministry has called on foreign citizens to leave Kyiv.The SC crude oil futures contract narrowed its intraday decline to 2.00%, currently trading at 609.20 yuan per barrel.

S&P 500 Price Forecast – Memorial Day Produces a Quiet Futures Market

Skylar Shaw

May 31, 2022 14:53

微信截图_20220531144227.png


S&P 500 Technical Analysis

Monday's S&P 500 futures reached the 50 Day EMA. We've pulled back to create a shooting star. I wouldn't read too much into the candlestick, but it does signal that continuing straight up from here will be harder than some expected. I believe it's just a matter of time until we sell down, and there's not much going on that tells me the market surge should continue.


Bond rates have fallen, which is a comfort, but the market will soon realize that people are purchasing bonds for safety, which is why yields are down. Various economic conditions haven't improved, either.


I believe we just saw a nasty bear market rally. If we break below 4150, the first selling opportunity appears. Below 4100, I expect heavy selling.


The market might reach 4300 without any fundamental change. At that moment, the 200 Day EMA comes into play. Several weeks ago, there was a selling "shelf" at 4300.

Suggestion