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March 16 - According to a report by Irans Fars News Agency on the evening of March 15, a spokesperson for the Iranian Islamic Revolutionary Guard Corps stated that most of the missiles currently being launched by Iran were "produced 10 years ago," and many missiles produced by Iran after the "12-Day War" in June last year "have not yet been used," and many of Irans missile arsenals "remain untouched."U.S. Energy Secretary Wright: Prices today are still far below those during the Biden administration, when they were asking Iran for favors, haggling, and even bribing Iran to “perform better.”Canadian Prime Minister Carney: I have arrived in London, England. The United Kingdom is one of Canadas oldest and most reliable partners.According to Irans Tasnim News Agency, Iranian President Pezehizian spoke by phone with French President Macron to discuss regional developments.March 16th - A Financial Times article points out that this week will be a "super central bank week." While the interest rate decisions of these central banks are not expected to bring any surprises, the policy guidance accompanying these decisions will be closely watched given the ongoing conflict in the Middle East. The four major central banks – the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan – will announce their decisions one after another on Thursday Beijing time. In addition, interest rate setters from Australia, Brazil, China, Canada, Indonesia, Sweden, and Switzerland will also meet this week. With the exception of the Reserve Bank of Australia, the other central banks are likely to keep interest rates unchanged. However, the war in Iran has increased the likelihood of a rate hike later this year. The interest rate market has responded hawkishly to the impending energy price shock; expectations for rate cuts by the Federal Reserve and the Bank of England have been erased, replaced by the possibility of a rate hike by the latter. Expectations for a rate hike by the European Central Bank this year have also increased further. Since the start of the war, the Bank of Japans interest rate path has remained relatively unchanged.

S&P 500 Price Forecast — Stock Markets Wait for Jackson Hole Results

Alice Wang

Aug 25, 2022 15:20

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Technical Analysis of the S&P 500

During the trading session on Wednesday, the S&P 500 briefly declined, but soon began to rebound. The market seems to be attempting to establish a little short-term basis at this time. Therefore, the Jackson Hole Symposium and of course Jerome Powell's address on Friday are expected to be closely watched by the market.


Currently, we are trading above the 50-day EMA and below the 200-day EMA. Since we are squeezed between these two moving averages, it is possible that we will have an explosive move at some point in the future. In the end, the market is trying to determine if the Federal Reserve will start acting aggressively tight or whether it will keep feeding the Wall Street speculators. Looking at this chart, it is clear that the market will likely remain volatile. It is also important to note that we just had a significant decline, so we may need to take a little break.


The chance of a move down to the 4000 level in the E-mini contract, and maybe much lower, arises if we were to break down below the 50-day EMA. Currently, we are attempting to determine if the market is attempting to enter a period of bull market activity or whether we have just corrected the overall image of a downturn. In all likelihood, the next several days will be quiet until we see how the speech was received. It's also important to keep in mind that Wall Street often makes mistakes on the first day before reversing sharply the next day.

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