EUR/USD 1.16933
0.132%
Gold 4564.77
1.010%
Oil 85.982
0.069%
USD/JPY 158.912
-0.087%
GBP/USD 1.36463
0.121%
GBP/JPY 216.862
0.044%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 21st - Despite a slight decrease in the UK governments budget deficit in the first four months of the current fiscal year, borrowing in July was still higher than the same period last year due to increased spending exceeding record income tax revenue. The UK Office for National Statistics said on Friday that the governments budget deficit was £1.8 billion (approximately $2.45 billion), an increase of £700 million from July 2025. So far this fiscal year, total government borrowing has reached £56.7 billion, a decrease of £6 billion from the same period last year, but £2.3 billion higher than the forecast published by the Office for Budget Responsibility.Uruguayan Deputy Foreign Minister: If Netanyahu visits Uruguay, we have an obligation to arrest him. We will abide by international commitments, and there is no doubt about that.In a phone call, the foreign ministers of Iraq and Switzerland emphasized the importance of launching international initiatives to help end the conflict and bring Iran and the United States back to the negotiating table.On August 21, Nomura issued a research report stating that Kuaishous (01024.HK) second-quarter results met expectations, but the slowdown in its core businesses (e-commerce and live streaming) was faster than anticipated. Therefore, the bank maintained its "Neutral" rating but lowered its target price from HK$51 to HK$40.European stock index futures were mostly stable, with the Euro Stoxx 50 futures essentially unchanged, the German DAX futures down 0.04%, the French CAC 40 futures up 0.17%, and the UK FTSE 100 futures essentially unchanged.

S&P 500 Price Forecast – Stock Markets Give Up Early Gains

Cory Russell

Dec 29, 2022 14:37


Technical Analysis of the S&P 500

Initially attempting to rise during Wednesday's trading session, the S&P 500 eventually gave up gains and lost momentum due to the thin markets' lack of current interest. The 3800 level underneath should be sustained, but if we decline below that, it would be possible to slide considerably lower, maybe as low as the 3700 level.


At this point, rallies ought to be fading, therefore the 3900 level and the 50-Day EMA can serve as a ceiling from which to resume shorting. When signs of fatigue start to surface, they will be pounced on, and I won't think twice about shorting them. Because of this, I believe that the market will continue to be negative, although it's possible that unreliable money managers may attempt to pad their books towards the end of the year. This is a frequent occurrence since they must at least demonstrate to their customers that they possess the "proper stocks."


It appears like Wall Street will sometimes need a reminder that the Federal Reserve is dead serious, which is an issue that the Federal Reserve itself caused by coddling traders for 14 years, so I believe it's just a matter of time until we continue to go lower. In light of this, I am prepared to short this market gradually during rallies and when it begins to show symptoms of tiredness. However, at this time of year, I am not expecting for large swings, so you must see this through the lens of short-term trading.

Suggestion