EUR/USD 1.18739
0.030%
Gold 5032.54
2.252%
Oil 62.595
-0.242%
USD/JPY 152.752
0.012%
GBP/USD 1.36557
0.249%
GBP/JPY 208.597
0.270%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Ukrainian military reported an attack on the Taman oil terminal in Russias Krasnodar region.February 15th - According to Hong Kong Stock Exchange filings, Shanghai Greely Software Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan International and CMB Capital as joint sponsors.Russia has stated that its troops have captured the village of Tsvetkove in the Zaporizhzhia region of Ukraine.On February 15th, Russian Deputy Foreign Minister Galuzin stated that Russia is willing to discuss the possibility of introducing a UN-led interim external governance mechanism into Ukraine with the United States, Europe, and other regional countries. Galuzin stated that this approach would allow Ukraine to hold democratic elections and produce a government with governing capacity capable of signing peace treaties and other legitimate treaties related to international cooperation. Similar precedents have been set in UN peacekeeping operations. In March 2025, Russian President Putin stated that this was a feasible option. Galuzin also indicated that the possibility of such an approach has not been publicly discussed recently.February 15th news: The fourth issue of Qiushi magazine, to be published on February 16th, will carry an important article by Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, entitled "Key Tasks of Current Economic Work." The article points out that it is necessary to adhere to the bottom line and actively and steadily resolve risks in key areas. Strengthen the coordination between risk prevention and development promotion policies to further enhance development resilience. Focus on stabilizing the real estate market, implementing city-specific policies to control new supply, reduce inventory, and optimize supply, encouraging the acquisition of existing commercial housing for the purpose of affordable housing, etc. Deepen the reform of the housing provident fund system, orderly promote the construction of "good houses," and accelerate the construction of a new model for real estate development. Actively and orderly resolve local government debt risks, urging local governments to proactively resolve their debts. Optimize debt restructuring and replacement methods, and take multiple measures to resolve the operational debt risks of local government financing platforms.

S&P 500 & Nasdaq 100 Stumbling on The Edge of a Cliff

Skylar Shaw

May 09, 2022 10:53


微信截图_20220509101602.png


The monthly US Jobs Report (NFP) will be announced at 12:30 UK today, with the market expecting 391k new jobs in April, down from 431k in March. The unemployment rate is expected to fall to 3.5 percent, while average hourly earnings are expected to stay constant at 0.4 percent month over month. The US employment market is strong, and unless today's news disappoints, traders will continue to price in higher US interest rates, keeping the US dollar bought. Both John Williams and Raphael Bostic of the Federal Reserve will talk later today, and they may provide some further insight on the FOMC decision on Wednesday.

 

The 500 chart demonstrates how technical analysis may be useful even in turbulent times. The bullish hammer candle we saw on Monday led to a big comeback until yesterday's sell-off, while the resistance zone we saw around 4,300–4,310 maintained on Wednesday and Thursday. If 4,060 holds, the S&P 500 will have a chance to rebound in the near term; otherwise, 4,035 will come into play quite rapidly. Any efforts to go higher should be met with resistance in the 4,300–4,310 range. Volatility is still at an all-time high.

 

According to retail trader statistics, 68.09 percent of traders are net-long, with a long-to-short ratio of 2.13 to 1. The number of traders who are net-long is up 18.01 percent from yesterday and up 16.33 percent from last week, while those who are net-short is down 26.33 percent from yesterday and 14.60 percent from last week.


We usually take the other side of popular mood, and the fact that traders are net-long signals that the US 500 will continue to decline. Traders are more net-long today than they were yesterday and last week, and the combination of current mood and previous movements gives us a greater contrarian trading bias in the US 500.

Suggestion