EUR/USD 1.14211
0.065%
Gold 4056.00
1.211%
Oil 83.589
1.616%
USD/JPY 162.732
0.153%
GBP/USD 1.34095
-0.153%
GBP/JPY 218.221
0.002%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 21 – Nuveen Global Investment Strategist Laura Cooper stated in a report that the European Central Bank (ECB) is likely to keep interest rates unchanged at its meeting this week after the June rate hike, but will maintain a tighter tone. Cooper said the ECB would remain open to further tightening if renewed tensions drive up energy prices. She said inflation is more moderate than feared, with little sign of renewed acceleration in the Purchasing Managers Index (PMI) pricing sub-index, while producer price data confirms that upstream cost pressures are easing. “These factors provide a reason to hold rates steady this month,” she said. The complexity lies in renewed disruptions to commodity supplies, which could reignite energy price pressures at a time when the ECB is gaining confidence in the path of declining inflation.According to the Joint Oil Data Institute (JODI), Saudi Arabias domestic refineries increased crude oil processing by 175,000 barrels per day in May, reaching 2.386 million barrels per day.According to the Joint Oil Data Institute (JODI), Saudi Arabias crude oil inventories increased by 2.827 million barrels in May, reaching 142.794 million barrels.According to the Joint Oil Data Institute (JODI), Saudi Arabias direct crude oil burning increased by 107,000 barrels per day in May, reaching 647,000 barrels per day.According to the Joint Oil Database (JODI), Saudi Arabias petroleum product exports increased by 74,000 barrels per day in May, reaching 1.083 million barrels per day.

S&P 500 Price Forecast – Stock Markets Continue to Hover

Skylar Shaw

Jan 11, 2023 15:04

微信截图_20230111144429.png

Technical Analysis of the S&P 500

During Tuesday's trading session, the E-mini S&P 500 contract slightly declined and fell below the 50-Day EMA as Jerome Powell took the podium to deliver a speech. Given that not much changed after his speech, it is perhaps not shocking to see that the market has reversed course and returned to its previous level. The issue of whether or not we can hold onto this region is very different, and it is fairly probable that the Thursday session will be far more significant since the CPI statistics will be out during that session.


You need to pay great attention to those data because they are significant at a time when the globe is still concerned about inflation. In the end, the market will continue to oscillate a lot, but for now, the 200-Day EMA, which is now at the 4000 level, is sandwiched between the 50-Day EMA and the 200-Day EMA signs. I feel that we should "fade the rallies," but because there has likely been a lot of loud activity in the meantime, I do believe that it will likely not be long before we must make a more significant choice.


Nevertheless, do not undervalue Wall Street's capacity for seeing the positive side of any situation. However, sooner or later, the wise money will arrive and put everyone on the defensive. The 200-Day EMA and the 4000 level are slightly above us, and we are also in a well defined channel.

Suggestion