EUR/USD 1.16141
-0.097%
Gold 4434.77
-0.854%
Oil 89.430
-0.234%
USD/JPY 156.234
0.280%
GBP/USD 1.35183
-0.046%
GBP/JPY 211.206
0.242%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 5th, NIO officially announced on its Weibo account that its battery swapping station at the Qimen Low-Carbon Science and Technology Park in Huangshan City went online, marking NIO Energys achievement of county-level battery swapping coverage in Anhui Province. This also signifies the full realization of county-level battery swapping coverage in the Yangtze River Delta region. NIO Energy has built a total of 216 battery swapping stations in Anhui, covering all 104 districts and counties in the province. In the Yangtze River Delta region, NIO Energy has built a total of 1,412 battery swapping stations, covering 303 districts and counties, establishing a high-speed battery swapping network across the Yangtze River Delta urban cluster. To date, NIO has built a total of 9,317 charging and battery swapping stations nationwide, including 4,067 battery swapping stations, 5,250 charging stations, and 30,272 charging piles, ranking first in the industry in terms of both battery swapping station and charging pile construction.According to Reuters, a convoy carrying U.S. Presidential Envoy Witkov, Trumps son-in-law Jared Kushner, and Dmitriev has left the airport for Moscow.September 5th - According to air traffic control information, the US plane carrying US Presidential Envoy Witkov and Trumps son-in-law Jared Kushner entered Russian airspace at noon local time on September 5th. A motorcade welcoming the US representatives had entered Moscows Vnukovo Airport. US President Trump confirmed on September 4th that his special envoys Witkov and Kushner would visit Russia and Ukraine, bringing a plan to "end the war." Answering reporters questions at the White House, Trump said the Ukraine crisis "must be resolved." He added that sending Witkov and Kushner to Moscow and Kyiv "to see if we can achieve anything," and "its very likely well reach an agreement."September 5th - Due to recent heavy rainfall, flooding has occurred in many areas of Jiangxi Province, including Nanchang and Jian. On September 5th, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV national emergency response. To implement the important instructions of General Secretary Xi Jinping on flood prevention and disaster relief, and based on the "National Natural Disaster Relief Emergency Plan" and the disaster losses in Jiangxi Province, the National Development and Reform Commission has urgently allocated 20 million yuan from the central budget to support Jiangxi Province in post-disaster emergency recovery efforts following the rainstorm and flood disaster. The funds will primarily be used for the emergency reconstruction of damaged roads, water conservancy infrastructure, and public service facilities such as schools and hospitals in the disaster area, promoting the rapid restoration of normal production and living order.September 5th - According to the latest data released by the Shenzhen Real Estate Intermediary Association, in August, Shenzhen saw 3,467 new homes sold, a 23.0% decrease month-on-month but a 4.8% increase year-on-year; 5,108 existing homes were sold, a 2.3% decrease month-on-month but a 7.6% increase year-on-year. From January to August this year, approximately 48,400 existing homes were sold in Shenzhen, a 4.7% increase year-on-year.

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