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In an interview with Al Jazeera, Irans Foreign Minister stated that the new agreement will ensure safe passage under "specific conditions" and based on the interests of Iran and the region.1. Morgan Stanley: Powell may choose to ignore energy-driven inflation, posing a downside risk to the dollar. 2. Rabobank: With no signs of easing in the Middle East conflict, the dollar may still have room to strengthen further. 3. ANZ: The dollar has rebounded due to its safe-haven status, but this strength may be temporary as the currency remains overvalued. 4. TS Lombard: Believes the dollar is unlikely to see sustained appreciation at present, and will face further downward pressure in the next 3 to 6 months. 5. TD Securities: Remains committed to a weaker dollar forecast for 2026, citing waning US economic growth advantages, diminished safe-haven appeal, and a further intensification of "hedge against the US" trades. 6. HSBC: In the baseline scenario, if geopolitical premiums subside and the market returns to macroeconomic fundamentals, the dollar will resume its previous weakening trend. However, if energy inflation forces the Fed to return to a rate hike path, the dollar will experience an unexpected surge. 7. DBS Bank: Unless the Middle East conflict triggers an extremely severe long-term inflationary spiral and forces the market to completely erase expectations of two rate cuts in 2026, the US dollar will lack the unilateral upward momentum driven by the aggressive rate hike wave of 2022. March 18th - SMBC Nikko Securities economists stated that Bank of Japan Governor Kazuo Ueda is expected to avoid committing to a specific timetable for interest rate hikes at Thursdays press conference. However, if the summary of opinions from this meeting, to be released on March 30th, shows policymakers support further tightening, investors may further price in the possibility of an April rate hike. The market considers a 1% policy rate (currently 0.75%) to be still accommodative for the Bank of Japan, therefore, even a deterioration in the Middle East and increased global risk aversion are unlikely to prevent an April rate hike.Italian oil company Eni: The Gendallo and Gandang projects are expected to start production in 2028. Eni will achieve a stable peak production of 2 billion cubic feet per day for natural gas and 90,000 barrels per day for condensate by 2029.Italian oil company Eni: With the approval of the Gendarlo, Gandang, Genbei and Ghem oil fields, Eni expects to achieve a natural gas production of up to 2 billion cubic feet per day and a condensate production of 90,000 barrels per day.

S&P 500 Price Forecast – Stock Markets Recover Back Into the Same Range

Alice Wang

Oct 21, 2022 15:49

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Technical Analysis of the S&P 500

The S&P 500 has risen a little during Thursday's trading session since there is still a lot of volatility. Since there haven't been many significant macroeconomic pronouncements, to be very blunt, I don't believe there's much to move things around outside conjecture. We are, however, in the middle of earnings season, so there may sometimes be a surprise. However, from a technical analysis perspective, I notice that we are reaching a large resistance barrier, thus it is important to note that we may see sellers enter this market again.


Many people would be paying special attention to the 3675 level beneath as a support level, but if we decline below it, I believe we might reach the 3600 level. Although I enjoy the way this chart looks in the brevity, we are still not quite there. We'll have to wait and see how that develops, but the 50-Day EMA continues to be crucial and is a key technical barrier that some people will be paying careful attention to. It would be quite positive if we were to break above it, but it's tough to see that occurring without some kind of stimulus. In the end, I believe that the market does fade and that we are simply looking for a wider trading range. The earnings season will still be a nuisance, and volatility is certain.

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