EUR/USD 1.15327
0.071%
Gold 4387.60
-0.473%
Oil 80.532
-1.384%
USD/JPY 159.327
-0.055%
GBP/USD 1.34904
-0.028%
GBP/JPY 214.942
-0.077%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Futures Market Summary | Thursday, August 13th, CCTV News Highlights: 1. Expanding the "Pie" and Narrowing the Gap: Zhejiang Solidly Advances the Construction of a Common Prosperity Demonstration Zone. 2. Documentary "Jiang Zemin" Continues to Air Tonight. 3. Tianjin Continues to Strengthen Port Support and Promote the Integrated Development of Port, Industry, and City. 4. my country Comprehensively Promotes the Construction of a Beautiful China. 5. Financial Services for the Real Economy Continue to Improve in Quality and Efficiency. 6. my countrys Regular Assistance Program Achieves a Steady Start. 7. my country Accelerates the Construction of a New Generation Communication Network. 8. Continuous Rainfall in Central and Eastern China: Various Regions and Departments Take Multiple Measures to Cope. 9. National Mobile Medical Teams Conduct On-Site Assistance, Bringing High-Quality Medical Services to Counties in Central and Western China. 10. Chinas Asian Elephant Population Shows Growth Against the Trend. 11. National Market Supervision Departments Investigate and Handle Over 23,000 Cases of Food Additive Abuse. 12. The First Section of the Lianyungang-Yizheng Crude Oil Pipeline Commences Operation. 13. The Shiziyang Bridge Completes Main Anchorage Construction Today. 14. The Three Gorges Dams throughput is projected to reach 100 million tons by 2026. 15. Suzhou Industrial Parks import and export value surpasses one trillion yuan. 16. Summer movie box office exceeds 9.1 billion yuan, setting new records for both audience numbers and screenings. 17. South Korean civic groups hold memorial service for "comfort women" victims. 18. Search and rescue operations continue in Colombia following the earthquake; the country declares a state of economic emergency. 19. Russian President Vladimir Putin visits disputed islands between Russia and Japan for the first time. 20. US strategic oil reserves fall below 300 million barrels, a 43-year low. 21. A US military helicopter crashes in Texas. 22. Flights are affected by the ongoing eruption of Mount Etna in Italy. 23. All regions of mainland France implement water rationing due to drought.JD.coms Q2 earnings call will be held in ten minutes.On August 13th, Nomura Securities strategists predicted that the Swedish central bank would keep its policy rate unchanged at 1.75% in August and maintain it throughout 2026. Despite subdued and stable inflation expectations in Sweden, stronger economic activity data, Middle East-related energy risks, and anticipated tightening by the European Central Bank have increased the likelihood of an earlier rate hike by the Swedish central bank. The bank stated, "Furthermore, the European Central Bank has already raised rates once this year, and we expect it to raise rates again in September. While we believe these pressures will not prompt the Swedish central bank to vote for a rate hike this time, the risk to our forecast for the Swedish central banks policy rate is that the rate hike could occur earlier than our current expectation of December 2027."IREN delivered Horizon 1 to Microsoft and obtained NVIDIA Exemplar Cloud certification on the GB300 NVL72 platform.The Indian rupee weakened against the US dollar on Thursday, despite both the dollar and oil prices falling. The dollar came under pressure after market concerns about a near-term Federal Reserve rate hike eased following expectations of slower-than-expected US July consumer price index growth. Analysts at Brown Brothers Harriman noted that the latest US inflation data prompted a mildly dovish shift in interest rate expectations, although the dollars overall upward trend continued. They emphasized that after the US July CPI data indicated that inflation was cooling, federal funds futures reduced bets on a September rate hike from about 50% to 35%, in line with expectations. Economies like India, heavily reliant on oil imports to meet energy needs, tend to have currencies that underperform in high oil price environments.

S&P 500 Weekly Price Forecast – Stock Market Has Rough Week

Steven Zhao

Nov 07, 2022 15:32


Technical Analysis of the S&P 500

During the trading week, the S&P 500 plunged very sharply, approaching the 200-Week EMA. It will be challenging to understand what you were going to do next at this point because the market is probably going to continue to experience a lot of back-and-forth. A significant move to the downside is now possible if we break down below the 3600 mark at this moment. If that were to occur, I believe the S&P 500 would likely decline below the 3400 level, then the 3300 level.


On the other side, if we are able to move the market over the 3900 level and through to the 50-Week EMA, which is just above the 4000 level, it is possible. It will probably be more or less a "fade the rally" type of event because I believe we still have a ways to go before changing the general attitude. Due to this, the market is likely to perceive this as a situation in which we must use the weekly chart as a guide, but may also need to look at a lower timeframe, such as the daily or 4-hour chart, to start things moving in the wrong direction.


Given that the Federal Reserve has restated its aim to keep interest rates low for a longer period of time, the magnitude of the candlestick engulfs the preceding one, which does indicate that there will likely be selling pressure moving forward.

Suggestion