EUR/USD 1.15422
0.090%
Gold 4201.48
3.048%
Oil 74.572
0.324%
USD/JPY 157.549
-0.123%
GBP/USD 1.34629
0.084%
GBP/JPY 212.111
-0.029%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The US July ISM non-manufacturing PMI will be released in ten minutes.The final reading of the S&P Global Services PMI for July in the United States was 54.6, compared with 53.6 in the previous month.The final reading of the S&P Global Services PMI for July in the United States will be released in ten minutes.The Dow Jones Industrial Average opened 381.35 points higher, or 0.71%, at 54,467.23 on Wednesday, August 5; the S&P 500 opened 50.32 points higher, or 0.65%, at 7,786.81; and the Nasdaq Composite opened 112.83 points higher, or 0.42%, at 26,697.82.August 5th - It has been learned that the "15th Five-Year Plan for Promoting the Development of Small and Medium-sized Enterprises" (SMEs), jointly formulated by the Ministry of Industry and Information Technology (MIIT) and several other departments, is about to be released. At a press conference held by the State Council Information Office in January this year, the MIIT stated that it will continue to optimize the business environment, formulate the "15th Five-Year Plan for Promoting the Development of SMEs," accelerate the construction of a mechanism to promote the development and growth of specialized, refined, and innovative SMEs, and improve the tiered cultivation system for SME characteristic industrial clusters. Experts interviewed by the China Securities Journal believe that SMEs are an important source of economic vitality and a micro-foundation for ensuring employment, stabilizing the industrial chain, and developing new types of productivity. The upcoming "15th Five-Year Plan for Promoting the Development of SMEs" is expected to focus on promoting the specialized, refined, and innovative development of SMEs, optimizing the SME development environment, improving the tiered cultivation system for high-quality SMEs, constructing a policy mechanism to promote the development and growth of specialized, refined, and innovative SMEs, and promoting the healthy and high-quality development of SMEs.

S&P 500 Price Forecast – Stock Markets Get Sold to Kick off the Week

Alice Wang

Aug 23, 2022 14:48

微信截图_20220817143811.png


The 200-Day EMA was breached by the S&P 500 during the trading session after a steep decline. At this point, the Jackson Hole Symposium this week is still causing a lot of fear in the market.

Technical Analysis of the S&P 500

As there is still a lot of pessimism, the S&P 500 has dropped significantly in the E-mini contract during the trading session on Monday. The central bankers' blather will ultimately draw a lot of attention to this week's Jackson Hole Symposium, and people will be curious about whether or not they will continue to be active in battling inflation. It does make some sense that equities would suffer as long as there is a central bank that is prepared to battle inflation, so a retreat this week is probably to be anticipated.


Along with the 50-Day EMA below, the 4113 level is a region where I anticipate seeing a lot of support. Clearing all of that would be a really unfortunate turn of events, and this market would undoubtedly fall below the 4000 level as a result. The stock market surge, in my opinion, may be almost done at this point, and the direction we go over the following few days' larger move will almost probably be determined by those events.


Sadly, much of this will depend on how the markets understand the statements made by central bankers, which implies that they "may get it wrong" once again. However, by the end of the week, we should see a lot of the momentum that traders have exhibited in one way or the other. On the upside, I believe there is still resistance in the area around the 4300 mark, which may have been the peak.

Suggestion