EUR/USD 1.16138
-0.072%
Gold 4403.07
-0.208%
Oil 91.594
0.943%
USD/JPY 154.239
-0.071%
GBP/USD 1.35441
0.030%
GBP/JPY 208.907
-0.036%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 8th, Bank of America analyst Didier Scemama stated in a research report that ASML Holdings advanced chip manufacturing equipment is gaining momentum following TSMC and Samsung Electronics announcements of plans for large-scale adoption of their high numerical aperture (HAP) technology in the coming years. Scemama pointed out that these announcements collectively indicate that the technology is moving from the development stage into broader manufacturing applications in logic and memory chips. Simultaneously, ASMLs announcement of collaborating with TSMC to transition to larger photomasks is also positive, potentially increasing productivity, reducing chip manufacturing costs, and eliminating splicing limitations. ASMLs share price rose 1.5% to €1,523.00.On September 8, 2026, Li Chenggang, Chinas Vice Minister and International Trade Representative, met with Ahmed Saeed, Qatars Minister of State for Foreign Trade. The two sides held in-depth exchanges on issues including China-Qatar bilateral economic and trade relations.On September 8th, the State Council held its 21st thematic study session on the theme of "Promoting High-Quality Urban Renewal and Fostering the Intrinsic Development of Cities." Premier Li Qiang, presiding over the session, emphasized the need to thoroughly study and implement General Secretary Xi Jinpings important instructions on urban renewal and the relevant decisions and deployments of the Party Central Committee. He stressed the importance of establishing a sustainable urban renewal model to promote the optimization of urban structure, the improvement of functions, the continuation of cultural heritage, and the enhancement of quality, so as to better meet the peoples needs for a better life through high-quality urban development.Market news: The U.S. Department of Energy has finalized a loan of up to $1.9 billion to restart the Duane Arnold Energy Centre, owned by NextEra Energy.On September 8th, it was reported that ASML began construction on a major new project on Tuesday, a production park located in the Netherlands, in an effort to keep pace with rising demand driven by the artificial intelligence boom. This investment will ultimately add up to 20,000 space workers, with the first phase, aimed for completion by 2029, adding offices, logistics facilities, and a so-called cleanroom space – a controlled environment for manufacturing specialized equipment. ASML stated that the design of this new “mobile factory” will make it possible to build and assemble its giant chip printing tools faster and more efficiently.

S&P 500 Price Forecast – S&P 500 E-mini Contract Pulls Back

Skylar Shaw

Jan 31, 2023 16:57


Technical Analysis of the S&P 500

As we continue to wait for the Federal Reserve statement on Wednesday and many people speculate as to what Jerome Powell would say, the S&P 500 E-mini contract has slightly declined during the trading session on Monday. The truth is that as everyone gets ready for the possible volatility late Wednesday, we are going to see a lot of loud activity, but short-term back-and-forth. Since there is so much inflation in the world, even if it is declining, it is still much more than the Federal Reserve's aim, many people are beginning to believe that the Federal Reserve will need to maintain monetary policy looser than expected. There is even speculation that they may decide to increase their aim and accept inflation of 3%. This is absurd.


What will happen in the market in response to the upcoming news is the question at hand. I don't believe we will definitely break down below the 200-Day EMA between now and then, but I do think that if we do have a move ahead of time, it will probably be more bearish than positive. It is not only a very significant technical indication, but it is also close to the psychologically significant 4000 level. In the long run, a rise to the 4200 level is possible if we were to surpass the peak of the shooting star from the Friday session. In the end, this condition tends to increase volatility.

Suggestion