EUR/USD 1.15215
-0.029%
Gold 4303.27
-0.357%
Oil 92.581
4.553%
USD/JPY 160.273
0.060%
GBP/USD 1.33283
-0.067%
GBP/JPY 213.623
-0.006%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 8th, Macquarie Groups Head of Economics, David Doyle, stated that following Fridays strong non-farm payroll report, the bank maintained its baseline forecast for the Federal Reserves interest rate path. He said, "As we have been emphasizing for some time, we believe the Feds next move will be a rate hike, with a baseline timeframe of the first quarter of 2027." The risk to this forecast has shifted to the possibility of an earlier rate hike, with the market now pricing in a rate hike in the fourth quarter of 2026. In the coming weeks, the Feds rhetoric is likely to continue shifting from favoring rate cuts to favoring rate hikes.Germanys manufacturing orders, adjusted for working days, rose 1.6% year-on-year in April, compared with 6.30% in the previous month.Germanys seasonally adjusted manufacturing orders fell 3.8% month-on-month in April, compared with an expected decline of 2% and a previous reading of 5.00%.June 8th - Allianz Chief Economist El-Erian stated that OPEC+ has increased its production by 188,000 barrels per day, but analysts believe the vast majority of this is "paper production," as the increased oil is unlikely to actually enter the market due to the ongoing disruptions in the Strait of Hormuz. In fact, oil prices rose 5% this morning. Despite Trumps statements that a peace agreement is imminent and that Israel must align with US directives, traders are reacting to the escalating military tensions between Iran and Israel, as well as Israels expanding attacks on Lebanon.June 8th - Economists Pia Fromet and Markus Wieden of Nordea Bank in Sweden stated in a report that the European Central Bank (ECB) may raise its policy rate by 25 basis points at its meeting this Thursday. The inflationary risks from rising energy prices will likely lead the central bank to take preemptive rate hikes, as the indirect and second-round inflation effects have not yet manifested in the data. ECB President Christine Lagarde is expected to spend considerable time at the press conference discussing the latest staff forecasts and risk assessment. Uncertainty will be a focal point, supporting a wait-and-see approach. The ECB is not expected to make any pre-commitments to further rate hikes.

Stock Markets Continue to Look Volatile to Say the Least

Alice Wang

Jul 28, 2022 14:46

微信截图_20220728143658.png

Technical Analysis of the S&P 500

Due to our rebound from the 50 Day EMA during the trading session on Wednesday, the S&P 500 has increased slightly. Despite this, there will probably be a lot of loud behavior on the market going forward. Given that the Federal Reserve will be deciding on interest rates at the conclusion of the day, the market is expected to be quite agitated. However, more often than not, it will be the statement that matters rather than the choice of interest rates. It will probably be noisy and disruptive because people will be trying to predict where the Federal Reserve will go in the future.


The market has once again been extremely worried if we were to go down below the 3900 level.


Overall, I believe that this market will be weak going forward, but any rally at this time should be viewed as a significant opportunity. In fact, I wouldn't consider the trend to start changing until we break over the 4200 mark. The market is likely to move significantly higher if we were to break over that level.


The tendency would have shifted at that point. I would expect more noise in this approximate area than anything else. Because the volatility can seriously harm your account, I would also keep my stake size relatively minimal. In all honesty, until we survive the next 24 hours, this may be equivalent to gambling.

Suggestion