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On May 29, US President Trump stated that Iran must agree never to possess nuclear weapons. The Strait of Hormuz must be opened immediately, allowing unrestricted two-way traffic without any tolls. All mines must be cleared.May 29th - According to the Wall Street Journal, sources familiar with the matter revealed that the Trump administration is expected to propose amendments to the USMCA (United States-Mexico-Canada Agreement) requiring that at least half of the parts and raw materials used in automobiles originate from the United States as a prerequisite for enjoying the low tariff treatment under the agreement. This new rule would significantly increase the required "U.S. component" ratio (calculated in dollar value of components) for automobiles produced under the so-called USMCA framework. Currently, the agreement only requires that three-quarters of the vehicles materials originate from North America, without setting specific requirements for U.S. components.US President Trump: A meeting will be held now to make a final decision on the Iran issue; Iran must agree that they will never have nuclear weapons and bombs; the Strait of Hormuz must be opened immediately and without tolls.General Motors (GM.N) fell more than 3%, Ford Motor (FN) saw its gains narrow to 4%, and Stellantis (STLA.N) dropped 2%, after reports that the Trump administration wanted at least 50% of cars produced under the USMCA agreement to be made in the United States.On May 29, local time, Mohsen Rezaei, military advisor to Irans Supreme Leader, stated in an interview that Iran will force the United States to end its naval blockade; this can be achieved through negotiations, or through direct action if the other side resists. He also stated that despite the pressure, the future of the Iranian economy is bright and full of hope.

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.

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