EUR/USD 1.16324
0.088%
Gold 4437.25
0.567%
Oil 90.283
-0.501%
USD/JPY 153.368
-0.635%
GBP/USD 1.35471
0.052%
GBP/JPY 207.774
-0.578%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 8th, sources familiar with the matter revealed that Anthropic has decided to abandon its acquisition of artificial intelligence startup Decart AI. Anthropic reportedly explored the deal and conducted due diligence on Decart, but ultimately withdrew. One source indicated that the two companies may still explore other collaboration opportunities. Media reports in August indicated that Anthropic had been in talks to acquire Decart for approximately $6 billion, but the deal was not finalized and could potentially fall through. Decarts software can reduce AI training and operating costs by improving chip efficiency. Anthropic rarely makes large-scale acquisitions, but has been investing computing power in developing new products and serving customers in preparation for its highly anticipated IPO. Sources indicated that the company has been seeking to raise funds comparable to or greater than SpaceXs in its IPO.Japanese Finance Minister Satsuki Katayama: We will continue to work hard to maintain the orderly operation of the foreign exchange market.Japanese Finance Minister Satsuki Katayama: It is important that mortgage lenders understand the risks of higher interest rates through communication with banks.Japanese Finance Minister Satsuki Katayama: Since the joint intervention by Japan and the United States, Japans foreign exchange policy stance has not changed.Japanese Finance Minister Satsuki Katayama: We will communicate closely with the United States to ensure the orderly operation of the foreign exchange market.

S&P 500 Continues to Consolidate

Skylar Shaw

Jun 07, 2022 11:42

微信截图_20220607113426.png


The S&P 500 climbed to start the trading week on Monday, as we continue to consolidate just below the 50-day EMA.

Technical Analysis of the S&P 500

In the futures market, the S&P 500 has gained throughout the Monday trading session, with the 4100 level providing solid support. That so, the market will almost certainly continue to face resistance right above the 50-day EMA. The market has been all over the place in recent weeks, so it's not surprising that we're stalled at the present, particularly given the lack of clarity on earnings and the general economic situation.


Yes, things seem to be horrible, but at the end of the day, Wall Street is only concerned about liquidity difficulties and what the Federal Reserve will do. Someone somewhere is beginning the story about possible stimulus, which seems to be the only thing on Wall Street's mind. Between now and Friday, when the next inflationary statistic is out, I believe we will see an effort to gain traction.


The S&P 500 futures market is expected to aim to achieve the 4300 level if we break above the 50 Day EMA. That doesn't mean it'll be easy, and it certainly doesn't mean there won't be any setbacks along the way, if we ever get that far.


On the downside, if we break below the 4070 mark, we might see a move lower over the following several days, perhaps hitting the 4000 level. Having said that, I believe we will see more sideways grinds than anything else during the following several days. If you have a range-bound system, now is the time to put it to good use.

Suggestion