EUR/USD 1.15626
-0.132%
Gold 4186.85
-0.568%
Oil 85.337
0.241%
USD/JPY 160.260
0.186%
GBP/USD 1.34022
-0.099%
GBP/JPY 214.788
0.096%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Zhipu (02513.HK) rose more than 10%.Chow Tai Fook (01929.HK) opened more than 5% higher, with the company reporting an annual profit attributable to shareholders of HK$9.004 billion, a year-on-year increase of 52.2%.June 12th - In the first five months of this year, Guangdongs total import and export volume reached 4.44 trillion yuan, a year-on-year increase of 18.8%, maintaining double-digit growth for five consecutive months. Exports reached 2.61 trillion yuan, up 10.8%; imports reached 1.83 trillion yuan, up 32.4%. In May, Guangdongs total import and export volume reached 948.19 billion yuan, reaching a record high for a single month, an increase of 20.3%; exports reached 549.13 billion yuan, up 8.6%; imports reached 399.06 billion yuan, up 41.2%.June 12 – The Hong Kong Special Administrative Region (HKSAR) government is working diligently to finalize Hong Kongs first Five-Year Plan. In a recent interview, HKSAR Chief Executive John Lee revealed that the plan is expected to be released by the end of the third quarter of this year, earlier than the governments original target of the end of the year. Lee thanked the community for their cooperation in making this progress possible. Previously, Lee announced that the HKSAR government would launch a public consultation on the Hong Kong Five-Year Plan on June 15 (next Monday).The Peoples Bank of China (PBOC) announced today that it conducted 393 billion yuan of 7-day reverse repurchase operations, with a bid amount of 393 billion yuan and a winning bid amount of 393 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.

S&P 500 Price Forecast – Stock Markets Continue to Worry About Rates

Jimmy Khan

Feb 22, 2023 16:31


Technical Analysis of the S&P 500

The S&P 500 E-mini contract started overnight trading poorly and hasn't been making a lot of sense. Yet, the contract's high level of volatility persists, and as a result, downward pressure is beginning to build. It's important to note that the 200-Day EMA and the 50-Day EMA are located immediately below. Given that they are both rather flat, there may not actually be any momentum.


As it is slightly above the psychologically and structurally significant 4000 level, this may pave the way for a support level to develop in that approximate area. You must keep in mind that earnings season is now underway because it could cause the market to fluctuate. The moving averages and the psychologically significant 4000 level, if we were to break down below them, might drive the futures market and the index itself significantly lower.


It thus creates the chance of a decline down to the 3900 level, where we had experienced some buying pressure. Following that, there comes the 3800 level, which is considerably more significant and will get a lot of attention. When it comes to whether or not the market can save itself, we would be in that general area hanging on by a thread.


The previous two candlesticks have undoubtedly looked pretty bearish, and I think that may have some momentum built up in it. If the market were to flip around and bounce, then it may try to move towards the 4200 level. The minutes from the Federal Open Market Committee meeting, which are released on Wednesday, will undoubtedly also be relevant. This ought to provide traders a good indication of what the Federal Reserve members discussed during the meeting and whether or not there is an overall hawkish mindset or if there are any ice cracks appearing. This will have a significant impact on the market.

Suggestion