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The Swedish Energy Agency: To date, we have not seen any disruptions to the supply of aviation fuel; the impact is mainly reflected in prices.April 28th - A sharp weakening of the yen may prompt the Bank of Japan (BOJ) to take action, as the BOJ stated in a report that it will continue to raise interest rates based on economic, price, and financial conditions. Naomi Mukkara, a strategist at Mitsubishi UFJ Morgan Stanley Securities, said this marks a change in the BOJs "policy response function." In the report, the BOJ stated that foreign exchange rates are increasingly likely to influence prices, and such fluctuations could affect underlying inflation by altering inflation expectations. The BOJ does not directly target the yen, but if a significant depreciation of the yen accelerates price increases, the central bank may adjust its policy.The Kremlin stated that it would provide immediate updates if talks between Putin and Trump took place. No comment today.April 28th - According to the Ministry of Human Resources and Social Security, since the beginning of this year, my country has implemented skills enhancement initiatives targeting key areas and groups, and has already cultivated over 300 industry-education-assessment skills ecosystem chains. This year, my country has launched large-scale skills enhancement initiatives targeting key areas such as artificial intelligence, advanced manufacturing, and healthcare services, as well as key groups such as college graduates and migrant workers. The "New Eight-Level Worker" vocational skills grading system has been implemented in depth, with 1.128 million new senior-level or higher vocational qualification certificates or vocational skills level certificates obtained in the first quarter. Next, the country will strengthen general education on artificial intelligence to continuously improve workers digital literacy and AI application capabilities. A skills enhancement training program for one million young people will be implemented to make skills training more relevant to industries and jobs. Training services will be extended to enterprises, schools, and townships, creating a 30-minute training circle and skills training stations to allow more workers to participate in training locally.Kremlin: The military parade on May 9 will certainly take place.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

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