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On September 1st, Westpac Bank predicted that the Reserve Bank of New Zealand (RBNZ) would raise interest rates by 25 basis points to 2.75% on September 2nd, a prediction consistent with market expectations. The bank anticipates that the RBNZs policy forecasts will suggest a year-end rate of 3%, with a peak potentially approaching 3.3%. Regarding a potential further rate hike in October, the bank expects the RBNZ to signal a data-dependent outcome. Unless the RBNZ deviates from Westpacs expected "data-dependent" framework in its statements about October policy action, the potential for a sharp market reaction is limited. The bank believes the probability of a hawkish surprise, an upward revision of the neutral rate assumption, or a clearer signal of consecutive rate hikes in October and December is only 10% to 15%; similarly, the probability of a dovish surprise suggesting a pause in rate hikes before December is also 10% to 15%. This implies that the risks around the baseline scenario are roughly symmetrical, with no significant bias.According to Futures News on September 1st, 2026, Chinas LNG supply in August was 5.01 billion cubic meters, an increase of 1.2% month-on-month and a decrease of 9.4% year-on-year. With the increase in imported LNG tanker shipments exceeding the decrease in domestic LNG production, the LNG supply showed an increasing trend this month. Domestic LNG production in August was 3.84 billion cubic meters, averaging 124 million cubic meters per day, a decrease of 0.8% month-on-month and an increase of 2.3% year-on-year. Imported LNG liquid supply in August was 1.17 billion cubic meters, an increase of 9.3% month-on-month and a decrease of 35.7% year-on-year. It is estimated that LNG liquid supply in September 2026 will be around 4.94 billion cubic meters, averaging 165 million cubic meters per day, an increase of 2.5% month-on-month; domestic LNG production in September 2026 is estimated to be around 3.85 billion cubic meters, averaging 128 million cubic meters per day, an increase of 3.2% month-on-month; and imported LNG tanker shipments in September are estimated to be around 1.09 billion cubic meters, averaging 36 million cubic meters per day, a decrease of 5.3% month-on-month.On September 1st, at a press conference for the 2026 National Cybersecurity Awareness Week, Wang Lihong, Deputy Director and First-Level Inspector of the Cybersecurity Coordination Bureau of the Cyberspace Administration of China, introduced to CCTV reporters that the field of artificial intelligence currently faces five main security risks and challenges. First, the inherent vulnerabilities of the technology are difficult to eradicate, affecting the stability and reliability of output. Second, leaps in model capabilities are disrupting traditional security paradigms, revealing the risk of extreme loss of control. Third, the rapid evolution of application forms is accelerating the iteration of security risks. Fourth, the risks of misuse, abuse, and malicious use are becoming increasingly prominent, impacting social order and ethical boundaries. Fifth, the global artificial intelligence field faces the risk of technological hegemony.September 1st - On September 1st, Leapmotor officially released its August 2026 delivery data; in August, Leapmotors global deliveries reached 103,129 units, a year-on-year increase of 80.7%.Ukrainian officials say Russia attacked border infrastructure in Ukraines Izmail region, and border crossings leading to Romania have been suspended.

S&P 500 Price Forecast — Stock Market Looking for Footing

Florala Chen

Aug 24, 2022 15:54

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In the E-mini contract, the S&P 500 has gained a little bit of stability during the Tuesday trading session as we get closer to a critical support level.

Technical Analysis of the S&P 500

In the early stages of the E-mini contract, the S&P 500 has moved in a rather narrow range. Having said that, this week is the Jackson Hole Symposium, which is practically guaranteed to make a lot of noise. In this case, I believe the trading public will be paying great heed to central bankers' pronouncements, which, of course, may sometimes result in complete pandemonium.


In this case, I believe we could have a brief rebound followed by increased selling pressure. The 200-Day EMA is located around 4185, and there is considerable resistance at the 4300 level above. It's also important to pay attention to the 50-Day EMA, which is at 4082 and climbing below; it may provide dynamic support.


I do believe that it is extremely possible that traders will look to the 50-Day EMA to salvage the market upward, regardless of whether or not this turns out to be the case. If we break it down below that, the market is probably just trying to get to the 4000 level. Anything below the 4000 mark indicates that we have once again altered our mentality and that more downside is yet to come.


One thing you can certainly bet on, in my opinion, is a lot of noisy volatility, mostly as a result of the central bankers' ranting in Wyoming. They will almost certainly underline their resolve to battle inflation, which means that monetary policies will continue to tighten throughout the globe.