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On June 29, Tuhu (09690.HK) announced on the Hong Kong Stock Exchange that it has confidentially submitted a draft F-1 registration statement to the U.S. Securities and Exchange Commission regarding the proposed initial public offering and listing of American Depositary Shares representing the companys Class A ordinary shares in the United States, and has filed with the relevant Chinese regulatory authorities in accordance with applicable Chinese laws and regulations regarding the proposed overseas offering and listing.1. Musk announced that Grok 4.5 is in internal testing and its performance may surpass Anthropics Opus. 2. US media: Zhipu GLM-5.2 is comparable to Mythos in vulnerability finding. 3. South Korean media: Samsung and SK Group are expected to announce an investment plan of up to 2,000 trillion won. 4. Momenta plans to issue 19.93 million shares in its Hong Kong listing, with an issue price of HK$295.6 per share. 5. British media: The UK is considering gradually replacing traditional destroyers to accelerate its transformation to unmanned warfare. June 29th - According to a survey released by Invesco, concerns about the US dollar are "widespread and deepening," with 61% of surveyed central banks stating that US debt levels negatively impact the dollars long-term status as a reserve asset, compared to 20% in 2024. While the Iran war has boosted the dollar by 3% this year, analysts say that US policy uncertainty and high debt levels suggest the dollar may weaken in the long term. Although any shift towards reducing dollar investments is likely to be gradual due to the lack of credible alternatives, the Invesco survey shows that 29% of respondents believe the dollars reserve currency status will weaken within five years, up from 12% in 2022. Invesco also noted that several institutions have reported reassessing their reliance on US custodians, counterparties, and clearing infrastructure due to geopolitical tensions. Meanwhile, one-third of respondents indicated they intend to increase their gold holdings in response to the trend of investment diversification.Japans seasonally adjusted retail sales rose 1.9% month-on-month in May, compared with expectations of a -0.60% decline and a revised 2.10% increase in the previous month (originally 1.30%).Japans retail sales rose 5.3% year-on-year in May, below the expected 3.2% and the previous figure revised from 2.10% to 2.80%.

S&P 500 Price Forecast – S&P 500 Breaks Through the 200 Day EMA

Cory Russell

Aug 11, 2022 12:08

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After a CPI number that was lower than expected, the S&P 500 has increased. Wall Street is already operating at full throttle in anticipation of receiving sugar from the Federal Reserve.

Technical Analysis of the S&P 500

During the trading session in the E-mini futures market, the S&P 500 broke above the 200 Day EMA, signaling a strong danger to break out above the 4200 level. If we do, then opens the door to a potential move to the 4300 level, which is something that the momentum makes extremely possible.


Having said that, you must exercise caution since there are several crosscurrents present right now. I believe it will be extremely tough to break above the 4300 level, therefore you must think about volatility through the lens of the VIX.


It would be a really bad indicator and may drive this market back down if we did break down below the candlestick's bottom for the impulsive candlestick that we made on Wednesday. There is little doubt that we are reaching a significant turning point on the charts. The market's immediate response to the CPI statistic was favorable, but the issue now is if it can maintain its upward momentum and surge any more. The next fight may occur around level 4300, in my opinion, since it is more probable than not at this time.


Even though the CPI figure was lower than expected, it is still almost three and a half times what the Federal Reserve likes to see, so prepare for very high volatility. In other words, it will probably only take a short while before someone on the Federal Reserve Board attempts to calm things down.

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