EUR/USD 1.15901
0.181%
Gold 4165.01
0.830%
Oil 58.071
0.097%
USD/JPY 155.875
-0.125%
GBP/USD 1.31954
0.236%
GBP/JPY 205.688
0.117%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Abu Dhabi National Oil and Gas Company: Signs $4 billion, 20-year gas supply agreement with EMSTEEL to support UAE industrial development.The Federal Aviation Administration (FAA) is investigating the Amazon MK30 drone that struck power lines in Waco, Texas last week.On November 26th, Haima Automobile stated on its interactive platform that the company has always adhered to a development path combining open cooperation and independent innovation in the field of hydrogen fuel cell vehicles, actively working with outstanding partners in the industry chain to jointly promote technology research and development and industrial application. Currently, the company is steadily carrying out demonstration operations of hydrogen fuel cell vehicles and is committed to building a complete hydrogen energy ecosystem.On November 26th, Mizuho Securities analyst Varatan stated that while the dollar remained stable due to a significantly increased likelihood of a Federal Reserve rate cut, it fell as the probability of Hassett being nominated as the next Fed chair rose sharply. The market does not seem to question the Feds independence, with Fed Chairs Williams, Waller, and Daly all supporting a December rate cut. However, Varatan noted that investors are digesting the possibility that Hassett could politicize the Fed. He said the "Hassett effect" could cast a shadow over the dollar, adding that the risk of dollar depreciation remains high as long as this perception of political subservience in Fed chair appointments persists.On November 26th, after Ukraine agreed to a "simplified" version of its 28-point peace plan, Trump touted significant progress in his peace efforts. However, reports indicate that the most intractable issues in the Russia-Ukraine conflict remain unresolved. The Financial Times reported that US and Ukrainian negotiators left key issues regarding territorial concessions and security guarantees "for further discussion," leaving the decision to Trump and Zelensky. This suggests that negotiations have made little progress compared to before the 28-point plan was leaked last week. The 28-point plan, spearheaded by US Special Envoy Vitkov, heavily favored Russias core demands and included a series of unacceptable clauses for Ukraine, including a ban on future NATO membership and the cession of most of the Donbas region in eastern Ukraine. It remains unclear what Ukraine agreed to in the 19-point plan. The Financial Times quoted Ukraines First Deputy Foreign Minister as saying, "Very little of the original agreement has been retained."

Stock Markets Continue to Defy Gravity

Cory Russell

Aug 17, 2022 14:48

微信截图_20220817143811.png

Technical Analysis of the S&P 500

As we keep a careful eye on the 4300 level, the S&P 500 has fluctuated throughout Tuesday's generally tight trade. It seems likely that this offer would continue to give traders some trouble since the 4300 level has historically been a strong region of resistance. The market is expected to rise significantly if we can close above there on a daily candlestick. Despite this, there are several reasons to be worried, not the least of which being the fact that earnings season is already underway and has the potential to make a lot of noise.


Wall Street continues to hold the view that the Federal Reserve is not serious about tightening even if it is shouting from the sidelines about it. It will be fascinating to see how the volatility develops as long as that condition persists since a tighter Federal Reserve normally works against the value of equities. We could see a huge meltdown if Wall Street starts to trust them all of a sudden. However, if the Federal Reserve were to give in, it may push stocks a little higher. In complete candor, I also stated that last week. At this point, I believe Wall Street has gotten a little ahead of itself.


If we can break down below the 200 Day EMA, which should act as support, then it's probable that we will descend to the 50 Day EMA. On the other hand, the 4450 level may be in view if we do break out to the upside.

Suggestion