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On July 22, Japans imports surged 25.4% year-on-year in June, reaching a record 11.3 trillion yen (approximately US$69.25 billion), driven by a weaker yen and soaring oil prices. This increase exceeded market expectations of 21% and was the fastest pace since November 2022, resulting in a trade deficit of 406.9 billion yen (approximately US$2.49 billion) in June, far exceeding the previously predicted 120 billion yen. While crude oil imports declined by 13.7% year-on-year, the import value surged by 59.3%, with yen-denominated unit prices also reaching a record high, highlighting that current inflationary pressures are largely driven by exchange rate factors rather than demand growth. This means that the yens appreciation has a more significant effect on alleviating import cost pressures than potential short-term changes in oil demand. On the export side, the resilience of demand from data centers related to artificial intelligence provides the Bank of Japan with real economic growth support that can be used to offset inflationary risks. This combination of factors suggests that the Bank of Japan is more likely to adopt a cautious, gradual interest rate hike path rather than a sudden and sharp tightening of policy. The market currently expects the Bank of Japan to keep interest rates unchanged next week, but will maintain its tightening policy stance.Malaysias Deputy Finance Minister: If crude oil prices are $90 per barrel, the monthly subsidy program for 95-octane gasoline will be RM2 billion, and the diesel subsidy will be RM1.5 billion.July 22 – According to the Fujian Provincial Bureau of Statistics, based on the unified accounting results for regional GDP, the provinces GDP in the first half of the year reached 2,931.582 billion yuan, a year-on-year increase of 4.0% at constant prices. Specifically, the added value of the primary industry was 125.979 billion yuan, a year-on-year increase of 3.6%; the added value of the secondary industry was 1,247.608 billion yuan, an increase of 3.8%; and the added value of the tertiary industry was 1,557.995 billion yuan, an increase of 4.1%.Mitsubishi Electric and Sony Semiconductor Solutions have formed a joint venture to focus on artificial intelligence vision sensors for industrial manufacturing.July 22 – This morning (July 22), the State Council Information Office held a press conference to introduce the implementation of the 15th Five-Year Plan, accelerate the modernization of customs, and contribute to the construction of a strong trading nation. Ports are gateways to the outside world. During the 15th Five-Year Plan period, customs will accelerate the implementation of key border port projects under the national 15th Five-Year Plan, simultaneously implement the 57 port facility renovation projects under the 15th Five-Year Plan, and speed up the construction of railway ports such as Turugart and Ganqimaodu. This will help further optimize the layout of port opening.

S&P 500 Does Little

Skylar Shaw

Jul 29, 2022 15:21

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However, traders are trying to convince themselves that the Federal Reserve will stop hiking interest rates.

Technical Analysis of the S&P 500

We've gone back and forth to demonstrate how confused the market is right now and how it has no idea what to do. We're still observing a lot of confusion and are currently seated just above the 4000 level. After all, the GDP figures were dreadful and the future is not promising. People are also trying to persuade themselves that the Federal Reserve won't increase interest rates as quickly as previously anticipated.


As a result, the longer-term outlook for this market is still highly negative. However, if we can break above the 4200 level, it's possible that the trend will shift. However, there is still much work to be done before that can happen. You must pay special attention to whether or not we have any follow-through because the size of the candlestick from the prior course session is quite bullish.


The market would probably decline significantly if we were to reverse course and remove the 50 Day EMA below. Given the high level of uncertainty, I believe the only thing you can probably count on is a lot of volatility. Additionally, since the bond markets typically have a significant impact on the stock markets, you might want to keep an eye on them. If everything remained the same, this market could be extremely risky.

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