EUR/USD 1.18216
0.380%
Gold 4953.26
3.668%
Oil 63.301
0.599%
USD/JPY 157.095
0.042%
GBP/USD 1.36182
0.647%
GBP/JPY 213.938
0.708%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 8th - Despite the silver price plunge that has almost wiped out its astonishing gains at the beginning of the year, retail investors still poured nearly $500 million into the silver market over the past week. According to data analysis from Vanda Research, retail investors poured $430 million into the largest silver ETF, SLV, in the six trading days ending Thursday, including over $100 million on January 30th, when silver prices fell 27%, marking the largest single-day drop in history. StoneX analyst Ronna OConnell stated, "People are drawn to the allure of silver." She added that silvers appeal was further amplified by its "massive sell-off," with some investors seeing it as a buying opportunity at lower prices.The European-Mediterranean Seismological Centre reports a 5.9-magnitude earthquake in the Cuba region.February 8th - It is understood that although US President Trump has repeatedly claimed that India has pledged to stop purchasing Russian oil, the joint statement between the US and India regarding the trade framework agreement did not mention this. On February 6th, Trump signed an executive order eliminating the 25% tariff on Indian goods and claimed that India had pledged to stop purchasing Russian oil and instead buy American energy vehicles.Takayuki Kobayashi, Policy Research Council Chairman of the Liberal Democratic Party of Japan: The Liberal Democratic Party will expedite deliberations to achieve a reduction in the consumption tax.According to NHK exit polls, the Liberal Democratic Party is projected to win between 274 and 328 seats out of a total of 465 in the House of Representatives.

S&P 500 Price Forecast – S&P 500 Fails at the 200-Day EMA

Skylar Shaw

Jan 13, 2023 15:57

微信截图_20230113154403.png

Technical Analysis of the S&P 500

Following the release of the consistent CPI statistics, the S&P 500 E-mini contract crossed over the 200-Day EMA during early trading on Thursday. Because the results were as anticipated, speculators are beginning to wager that the Federal Reserve would only increase interest rates by 25 basis points. The looming economic downturn is a fact, therefore over the long run, it is likely to have more of an impact than anything else.


However, the technical barrier has persisted, and traders have responded accordingly. This market is likely to look for the 50-Day EMA, which is close to the 3910 level, if we break down below the daily range. That is highly likely in this situation since volatility is increasing. The 4000 level and the downtrend line just above it will be the next significant obstacles if we do rise from here.


The S&P 500 may very well surge into the 4200 mark if we were to break above that downtrend line.


Although I don't necessarily support it, I can see how it may be done. If everything remained the same, I believe the 50-Day EMA being retested is likely far more probable. The bottom will almost certainly fall out if we break through that level, enabling the S&P 500 E-mini contract to once again dip down to the 3800 level. Giving up on it would obviously be extremely bad and possibly result in a lot of liquidation since that region has had enormous support.

Suggestion