EUR/USD 1.16561
0.100%
Gold 4218.16
0.224%
Oil 59.275
-0.351%
USD/JPY 154.614
-0.320%
GBP/USD 1.33417
0.109%
GBP/JPY 206.287
-0.196%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 5th - Joint Statement between the Peoples Republic of China and the French Republic on Continuing Cooperation in the Peaceful Uses of Nuclear Energy. Both countries agree that nuclear energy, as a clean, low-carbon, stable, and reliable baseload energy source, plays a unique and important role in addressing global challenges such as climate change and energy security. Both sides welcome the industrial and scientific cooperation carried out under the framework of the intergovernmental agreement on cooperation in the peaceful uses of nuclear energy signed on May 15, 1997, and the protocol on cooperation in the peaceful uses of nuclear energy signed on November 22, 1982. China and France will continue to cooperate in this field based on the principles of transparency, respect, and mutual trust.The Hang Seng Index rallied in the afternoon and turned positive, with the Hang Seng Tech Index currently up 0.26%.December 5th, Futures News: Economies.com analysts latest view: Spot gold has slightly retreated in recent intraday trading, remaining within a limited correction range while continuing to attempt to gain bullish momentum for a rebound and further gains. Spot gold is benefiting from dynamic support provided by its trading above the EMA50, and the dominant short-term trend remains bullish, with prices moving along the support trendline of this trend.Japans preliminary leading index for October was 110, below the expected 109.3 and the previous reading of 108.6.December 5th, Futures News: Economies.com analysts latest view: WTI crude oil futures have retreated in recent intraday trading, having previously stabilized near the key resistance level of $59.85, which was the target predicted in our previous analysis. Currently, WTI crude oil futures are beginning to give back some of their previous gains, attempting to accumulate new upward momentum in order to break through this resistance level again. Of particular note is that prices are still moving along the secondary upward trend line in the short term, indicating that bullish momentum has not completely dissipated.

S&P 500 Choppy Ahead of the FOMC Press Conference

Skylar Shaw

May 05, 2022 10:37

Technical Analysis of the S&P 500

The S&P 500 first attempted to advance during Wednesday's futures market trading session, and it seems that the 4200 level above will continue to act as a bit of barrier. If we can break through the 4200 mark, we'll most likely target the 4300 level. 


The 4300 level is a big, round number with psychological significance. That is a major barrier, and breaching over it would impact the market's general attitude, as it would continue to confirm the enormous hammer that we established throughout the trading session on Monday.


If we break below the bottom of the hammer from Monday's session, we'll most likely target the 4000 handle. Because of the headline noise, the 4000 level underneath it will get a lot of attention, but I believe we will begin to accelerate to the downside at that point. Whatever the case may be, I believe a lot of it boils down to what the Federal Reserve says, and maybe more significantly, how the market interprets it.


Because we will have just completed what is expected to be the largest event for the market this month, the market is likely to experience a strong and impulsive move at this moment. Regardless, there are clearly many fears out there, and unless Jerome Powell can soothe the market jitters, things might become nasty very quickly.

Suggestion