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July 7th news, On the evening of July 7th, the Hong Kong Stock Exchange revealed in its latest opinion that since its launch in 2023, the swap has been continuously optimized, and the monthly transaction amount has also increased from 50 billion yuan in May 2023 to 380 billion yuan in May 2025, an increase of 660%. The number of participating offshore investors has also increased from 22 at the beginning of the launch to more than 80 in the first quarter of 2025. The Hong Kong Stock Exchange stated that in addition to extending the term of the interest rate swap contract of the Northbound Swap to 30 years, this years swap will also expand the product types and add interest rate swap contracts with a reference rate of one-year loan market benchmark rate. As the pace of RMB internationalization accelerates, market demand is expected to grow.July 7, gold prices fell to a one-week low on Monday as the dollar strengthened and investors waited for details on trade before the deadline for tariff negotiations. WisdomTree commodity strategist Nitesh Shah said that due to the short-term strength of the dollar, the gold market has seen a small correction, perhaps just because the US economic data is still quite strong, eliminating the urgent need for rate cuts. The 90-day tariff suspension period is about to end, but no satisfactory trade agreement has been reached, which does indicate that trade will see a net contraction this year, which is not good for the economy, but is more likely to support gold.On July 7, Yahya Saraiya, spokesman for the Yemeni Houthi armed forces, issued a statement on his personal social media account on the 7th saying that the organization launched 11 ballistic missiles and drones at Israel in response to the Israeli armys previous air strikes on the port of Hodeidah Province.US Geological Survey: A 5.1 magnitude earthquake occurred 259 km south-southeast of Port Blair, India.Dongfeng Motor Corporation (00489.HK): The companys cumulative automobile sales from January to June 2025 were 823,911 units, a year-on-year decrease of approximately 14.7%. Among them, the sales of new energy vehicles were 204,383 units, a year-on-year increase of approximately 33.0%.

Stock Markets Continue to Attempt a Recovery

Cory Russell

Jul 08, 2022 15:05

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Technical Analysis of the S&P 500

The S&P 500 is aiming to reach the recent selloff peak of 3900, and I believe we may be in for some minor difficulties. There will likely be a lot of noise because of the job statistics that will be released on Friday from the United States. I think a selling opportunity will likely arise sooner rather than later because I think it is likely just a matter of time until we see tiredness enter the market.


The fools on Wall Street are still trying to persuade themselves that the Federal Reserve would take action to safeguard the stock market, but, let's be honest, every time they believe that will be the case, reality kicks in and drives the market down. I believe the market can only go so far as the 50 Day EMA is now hovering around the 4000 level. On the other side, it would also be unfavorable if we reverse course and break below the 3850 mark.


The interest rate problems are not the least of the reasons we are in a decline, but we also need to be concerned about profits and, of course, inflation difficulties. In the end, this is a market that, given enough time, is undoubtedly preparing for a shorting opportunity, but we need to see indications of tiredness in order to be short once again. In the end, I believe that this market will finally attempt to retest the lows. But if we were to surpass the 4000 mark, that would undoubtedly be significant.

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