EUR/USD 1.14458
0.577%
Gold 4086.67
2.144%
Oil 78.132
0.433%
USD/JPY 161.919
-0.325%
GBP/USD 1.34020
0.423%
GBP/JPY 217.010
0.091%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Saudi media Hadas: Trump met with the Iraqi prime minister at the White House.Federal Reserve Chairman Warsh: We don’t want to get involved in bailouts; we want to be in a position where we don’t need to bail out any entities.On July 14th, Federal Reserve Chairman Warsh reiterated his commitment not to provide forward guidance on interest rates during a hearing, with his testimony barely touching on interest rate policy. Warsh stated that the Fed is firmly committed to maintaining price stability and pushing inflation back to its 2% target, while emphasizing that the Fed possesses the policy tools needed to achieve this goal. He stated, "The more focused we are on our responsibilities, the further we can stay away from politics." Warsh also said that the Fed will re-examine its inflation framework to gain a deeper understanding of the factors driving inflation and what measures can be taken to address it. Regarding the Feds newly established working groups, Warsh stated that these groups are still in the research and exploration phase. He pointed out that discussions will initially take place among the 19 policymakers, and the entire process will be open and transparent, with research findings and policy ideas being shared regularly. On balance sheet policy, Warsh emphasized that the balance sheet is part of monetary policy, not just a matter of financial market operations. Any adjustments to balance sheet policy will be fully communicated and explained in advance, giving the market sufficient preparation time. When asked how he would respond if Trump attempted to interfere with Federal Reserve policy, Warsh responded that he would continue to fulfill his duties and insist on setting monetary policy independently. He stated that the Federal Reserve has already demonstrated its commitment to policy independence and institutional reform.Federal Reserve Chairman Warsh: More efforts are needed to combat inflation.Federal Reserve Chairman Warsh: We still have some work to do on inflation.

S&P 500 Price Forecast – Stock Markets Nervous Ahead of CPI

Skylar Shaw

Nov 10, 2022 17:56

微信截图_20221110174514.png

Technical Analysis of the S&P 500

As we wait for the CPI numbers, the S&P 500 E-mini contract has decreased somewhat during Wednesday's trading session. Considering that CPI statistics will almost probably favor the Fed tightening, it makes natural at this stage that we would experience some negative. Having said that, there is virtually always a story being told on Wall Street to raise stocks, if only momentarily. Keep in mind that Wall Street is there to sell you stocks. Follow the money, in other words.


The market is currently negative and has been for some time. There is also no genuine reason to believe that the economy is improving, which would cause the stock market to soar. As a result, I believe it will most likely only be a matter of time before this market breaks back down to the 3750 level, then the 3700 level. There is an important support level at 3600, and breaking that level would definitely cause the market to tremble since it would be a crash through support.


On the plus side, the perma-bulls may rush in and drive this market above the 3900 barrier if the CPI statistic comes in lower than expected. We will probably certainly test the 4000 level at that point. I believe there is a lot going on in the 4000 level area that would make it challenging to break above, including the 200-Day EMA racing toward it. If all else is equal, I like to sell rallies in this market, thus the CPI number might present me with that opportunity.

Suggestion