EUR/USD 1.16482
0.112%
Gold 5205.91
1.310%
Oil 81.759
-1.926%
USD/JPY 157.648
-0.009%
GBP/USD 1.34610
0.188%
GBP/JPY 212.213
0.243%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Israel Defense Forces: About 50% of the ballistic missiles Iran launched at Israel during the war were loaded with cluster bombs.On March 10th, a senior U.S. Department of Defense official stated that Google is deploying AI agents for approximately 3 million Department of Defense personnel to automate routine tasks. Emil Michael, Under Secretary of Defense for Research and Engineering, said that Googles Gemini AI agent can independently perform tasks after being set by users, initially running on unclassified networks. He added that the Department of Defense is discussing with Google deploying these agents on classified cloud platforms. Google Vice President Jim Kelly stated in a blog post on Tuesday that this new capability will allow civilian and military personnel at the Department of Defense to build AI agents using natural language. Google has previously faced internal criticism for its collaborations with the Department of Defense. In 2018, thousands of employees protested the companys involvement in Project Maven, a Pentagon plan to use AI to analyze video data from overseas drone warfare. The opposition ultimately led to Google not renewing its contract for the project.March 10th - Data released Tuesday by the National Association of Realtors (NAR) showed that U.S. existing home sales unexpectedly rose in February, while the previous months data was revised upwards, thanks to lower mortgage rates and moderate asking prices. Contractual sales volume increased by 1.7% to an annualized rate of 4.09 million units, exceeding market expectations. A bright spot in the housing market is improved affordability, with recent declines in mortgage rates and moderate price increases. The NARs monthly housing affordability index (reflecting changes in home prices, median income, and borrowing costs) is currently at its most favorable level since 2022. The associations chief economist, Lawrence Yun, stated, "Housing affordability is improving, and consumers are responding. But theres still a long way to go to return to pre-pandemic transaction activity levels." The report showed that the median price of existing homes rose 0.3% year-over-year to $398,000 last month, one of the smallest increases since the housing boom during the pandemic. Existing home inventory increased 4.9% year-over-year to 1.29 million units, the highest February level since 2020.Israeli Foreign Minister: (When asked when and how the war with Iran will end) We will consult with Washington when the time is right.French Finance Minister: We are prepared to impose sanctions on excessive price increases at gas stations.

S&P 500 – The Stock Market Continues to See Massive Volatility

Jimmy Khan

May 12, 2022 10:18

微信截图_20220512101203.png


The S&P 500 has fluctuated throughout the trading day, indicating that there is still a lot of volatility. The CPI data in the United States were higher than expected, which sent the market into chaos.

Technical Analysis of the S&P 500

After the CPI statistics were released, the S&P 500 went all over the place during trading on Wednesday. They were hotter than expected, so it's understandable that the markets are trying to figure out what to do about it. As a result, we continue to witness a lot of erratic behavior, particularly because the 4100 level above marks the start of a large resistance barrier that will be tough to break and continues to the 4150 level.


Short-term rallies will be marketed into signs of tiredness, and I am more than happy to jump all over it. If we break over the 4150 handle, the next key resistance level is the 4300 level above. There is a lot of noise all the way up to that region, so I don't believe getting it extended will be simple.


Below that, the market is likely to regard the 3900 level as a support level, and we might break down below there and open the market up to the 3800 level. In the end, I believe this is a market where, given enough time, you will continue to see a lot of selling pressure, and purchasers will likely continue to be stymied at every opportunity. I have no intention of purchasing this market in the near future.

Suggestion