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ECB board member Kocher: What is important is that European inflation rates will not diverge in the longer term.Hong Kong stocks fell in the afternoon, with the Hang Seng Index down 0.16% and the Hang Seng Tech Indexs gains narrowing to 0.42%. Pop Mart (09992.HK) fell 6.2%, leading the decline in constituent stocks.On September 15th, it was reported that since the power consumption of the new AI platform Rubin and the next-generation Feynman platform may reach more than 2000W, the existing cooling solutions cannot cope with it. It is reported that Nvidia requires suppliers to develop a new "microchannel water cooling plate (MLCP)" technology, the unit price of which is three to five times that of existing cooling solutions.Spanish Government: Spains Foreign Minister and Economy Minister met with U.S. Treasury Secretary Bessant and Trade Representative Greer in Madrid.On September 15th, institutional analysts pointed out that the market expects the Bank of England to keep its base interest rate unchanged on Thursday, but at the same time slow its planned reduction of government bond holdings. This plan is attracting increasing attention as government bond yields continue to rise. The Bank of England cut its base rate from 4.25% to 4% last month, maintaining the pace of rate cuts since August 2024. At that time, as inflation retreated from its 2022 peak, the central bank began to gradually remove policy restrictions that had been curbing economic activity. Policymakers described this series of 25 basis point rate cuts every three months as "cautious and gradual." If this pace continues, policymakers should hold the base rate at 4.25% on Thursday. However, there are signs that they will not only keep interest rates unchanged this week, but may also hold rates steady at their November or December meetings.

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

Florala Chen

Aug 19, 2022 15:19

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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.

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