EUR/USD 1.16237
0.013%
Gold 4428.97
0.379%
Oil 90.667
-0.078%
USD/JPY 153.321
-0.665%
GBP/USD 1.35350
-0.038%
GBP/JPY 207.524
-0.698%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The SC crude oil futures contract rose by 2.00% intraday, currently trading at 702.30 yuan/barrel; the PTA futures contract rose by more than 2.00% intraday, currently trading at 6042.00 yuan/ton.September 8th - According to data from the General Administration of Customs, Chinas integrated circuit exports reached US$40.731 billion in August, a year-on-year increase of 129.8%; automobile exports reached US$18.33 billion, a year-on-year increase of 43%; rare earth exports reached US$73.5466 million, a year-on-year increase of 33.7%; and mobile phone exports reached US$8.798 billion, a year-on-year increase of 29.6%.On September 8th, YH Cha, a foreign exchange economist at Eugene Investment & Securities, stated that the recent strong rally in the Korean won may eventually subside if it rises to the 1250-1300 range against the US dollar. Strong exports driven by South Koreas semiconductor industry, a large trade surplus, and exporters repatriating dollar revenue have propelled the won to a 23-month high. The won has appreciated by over 12% against the dollar in the past three months. However, the won still faces long-term pressure from continued growth in South Korean personal overseas investment and the resulting increased demand for the US dollar.According to the General Administration of Customs, China imported 6,861.7 tons of rare earths in August, compared with 9,451.3 tons in July.According to the General Administration of Customs, China imported 70,177.8 tons of rare earths from January to August.

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

Florala Chen

Aug 19, 2022 15:19



Because we are pressing into significant barrier, stock markets have been a little apprehensive throughout Thursday's trading session.

Technical Analysis of the S&P 500

One must now consider whether or not we are running out of momentum or whether we are merely anticipating a signal to go higher after the S&P 500 shown some hesitancy at the 4300 mark. I believe that in the long run, a temporary decline is probably advantageous for both buyers and sellers, thus I believe that it does make sense. The 4186 level, where the 200 Day EMA is located, would be a good target.

However, it's conceivable that we would move considerably higher if we were to break above the highs of the previous several days. It then becomes possible for a migration to occur to the 4500 level. Frankly, it's fascinating to see that not much has been accomplished since the FOMC Meeting Minutes were made public. The could be the strongest message from that show by itself.


The 4100 level would be a good place to start if we were to break down, which may increase selling pressure significantly. We must, of course, keep a tight eye on the bond market. We have a big struggle on our hands since many traders in the Eurodollar futures think the Federal Reserve will need to start easing monetary policy sooner rather than later. I believe that the majority of traders just don't know what to do with themselves right now. That shouldn't come as a great surprise given that the majority of the financial media rely on confusion to generate revenue, and given that the noise is at an all-time high right now. The US economy has many drawbacks, but that was also true 500 points ago.

Suggestion