EUR/USD 1.15209
-0.031%
Gold 4408.32
-0.002%
Oil 81.207
-0.557%
USD/JPY 159.447
0.020%
GBP/USD 1.34879
-0.047%
GBP/JPY 215.069
-0.018%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 13th - According to foreign media reports, South Korea has raised the ceiling on household debt growth and pledged to increase housing supply in the Seoul metropolitan area, further intensifying efforts to curb the continued rise in the real estate market. Soaring housing prices have gradually become a political burden for President Lee Jae-myung. According to a joint statement released by the South Korean government on Thursday, the government plans to supply more than 230,000 housing units in the Seoul metropolitan area, including 100,000 units to be built in newly designated areas. This is a further increase on top of existing targets. Previously, the South Korean government had set a target to start construction on 1.35 million housing units in the Seoul metropolitan area between 2026 and 2030. The latest measures are a further step up from the supply-side policies announced last September. At that time, a prolonged slump in the construction industry raised concerns that a shortage of new housing supply would continue to drive up housing prices and make it more difficult for young families to afford a home.August 13th - The price adjustment window for refined oil products will reopen at 24:00 on August 14th (this Saturday at midnight). According to industry information from Longzhong Information, due to the downward fluctuation of international crude oil prices during the cycle, the domestic refined oil price will decrease by approximately 0.15 yuan/liter, marking the fifth price reduction this year. Based on a 70-liter fuel tank, private car owners will save about 11 yuan when filling up.The Reserve Bank of New Zealand surveyed that the average two-year inflation expectation for New Zealand in the third quarter was 2.34%.A survey by the Reserve Bank of New Zealand indicates that the average one-year inflation expectation in New Zealand for the third quarter is 2.6%.According to Mongolian media reports on August 13th, the Mongolian Emergency Command Center for Enhancing Fuel Supply and Security held a routine meeting on August 12th. The Minister of Industry and Mineral Resources emergency trip this week has yielded initial results. In August, Mongolia will import 50,000 tons of AI-92 gasoline from Russia, purchase an additional 15,000 tons of Euro 5 standard fuel, and agree to import an additional 25,000 tons of AI-92 gasoline and 5,000 tons of aviation fuel. A contract has also been signed with China to purchase 3,000 tons of aviation kerosene; the first batch of 1,000 tons has been received, and the remaining 2,000 tons will arrive soon. Simultaneously, a contract has been signed with South Korea to purchase Euro 5 standard fuel. This fully meets Mongolias August consumption needs and reserves. As of the time of this report, Mongolian mine production is stable, short- and medium-term shipments are good, fuel availability has increased to 30 days, and short-term freight rates have increased slightly by 80-85 yuan/ton.

S&P 500 Weekly Price Forecast – S&P 500 Breakthrough Resistance Barrier

Alice Wang

Nov 14, 2022 16:46

微信截图_20221114164244.png

Weekly Technical Analysis for the S&P 500

The S&P 500 E-mini contract has gained quite a bit this week as speculation about the Federal Reserve relaxing monetary policy has increased. Despite the fact that the US inflation rate came in at 7.7% year-over-year, it is difficult to foresee a scenario in which the Federal Reserve will ease monetary policy. In light of this, we now find ourselves in a scenario where the market has seized the initiative.


Before it's all said and done, I predict there will be a lot of dissatisfied traders. I view this situation through the lens of a "bear market rally."


Remember that some of the most volatile sessions take place in the middle of a bear market because traders were waiting for an excuse to go long and found it over the trading week. Whether or not that holds true moving forward, that will be entirely different. In the end, it's feasible that we could swiftly return to the 3700 level if we were to reverse course and break down below the 3950 level. On the other hand, we might have a potential figure breakout if we were to break above the 4050 level, which is where the 50-Week EMA is now located.


In the end, it's still uncertain whether this market has just produced a small "double bottom."


Remembering that we have been in a decline channel for some time is also important. Ultimately, I believe that there will be a great deal of volatility.

Suggestion