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The yield on Japans 40-year government bonds fell 3.5 basis points to 3.540%.The yield on Japans 30-year government bonds fell 3.0 basis points to 3.300%.February 20th - According to the Wall Street Journal, European Central Bank President Christine Lagarde stated that she expects her term as ECB president to continue until the end. This comes amid speculation that she might resign early to allow the French government to assist in selecting a successor before next years general election. In an interview, she said, "Looking back over the years, I think weve accomplished a lot, and Ive accomplished a lot. We need to consolidate those achievements and ensure that everything is truly solid and reliable. Therefore, my basic expectation is that this will continue until the end of my term." Lagarde stated that she believes her responsibility lies in maintaining price and financial stability, while also "protecting the euro and ensuring it is solid, strong, and adaptable to Europes future." Furthermore, Lagarde indicated that the World Economic Forum would be one of "many options" she is considering once she leaves the central bank.February 20th, Futures News: Economies.com analysts latest view: Spot gold prices fluctuated in the latest intraday trading, attempting to break through the main and psychological resistance level of $5,000. This resistance level highlights its technical and psychological significance. It is also attempting to break free from the negative pressure of the EMA50, utilizing trading in parallel with minor trend lines, which supports the current rebound attempt in the short term. After escaping its previous overbought state, gold gained additional support with a positive overlap signal from the Relative Strength Index (RSI), increasing the likelihood of regaining bullish momentum during the session. Confirmation of a break above $5,000 and holding that level could pave the way for new gains.According to the official measurement of the China Earthquake Networks Center, a magnitude 3.4 earthquake occurred at 11:56 on February 20 in Alxa Left Banner, Alxa League, Inner Mongolia (39.50 degrees north latitude, 106.61 degrees east longitude), with a focal depth of 15 kilometers.

S&P 500 Price Forecast – Stock Markets Continue to Move on Hope

Cory Russell

Oct 25, 2022 15:57


Technical Analysis of the S&P 500

The S&P 500 originally declined during Monday's trading session before surging upward as a result of the many statements that are being made on whether or not the Federal Reserve would change its monetary policy. The market is now experiencing high levels of volatility, and the appearance of a 50-Day EMA in the chart signals that sellers may be on the way shortly. Remember that the 3800 level immediately above has been a little difficult to surpass, so I believe we are headed for some kind of reversal.


On the other hand, we may see a stronger decline if we reverse course and break below the candlestick's bottom for the trading session on Monday. We are at the absolute top of the entire trading range, but in the end, I believe you need to be extremely careful. It's feasible that we may go for the $4000 level if we do break above the 50-Day EMA. Naturally, this is a region that will generate a lot of news coverage, but it's important to remember that the 200-Day EMA is moving into the same region.


We are still in a highly unstable trading market, therefore I'm now watching for indicators of tiredness that I might profit from. Additionally, the market must closely monitor her results since it is earnings season right now, which naturally brings with it its own volatility.

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