EUR/USD 1.14403
-0.004%
Gold 4136.92
-0.671%
Oil 68.976
0.588%
USD/JPY 161.904
-0.109%
GBP/USD 1.33917
0.016%
GBP/JPY 216.822
-0.091%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Pan Gongsheng, Governor of the Peoples Bank of China: We will support more high-quality companies to list and issue bonds in Hong Kong, and the annual net investment quota for the Bond Connect "Southbound" program will be increased to 800 billion yuan.July 7th - The 2026 World Artificial Intelligence Conference and High-Level Meeting on Global Governance of Artificial Intelligence will be held in Shanghai from July 17th to 20th. Wang Ruomeng, Deputy Director of the Innovation and High-Tech Development Department of the National Development and Reform Commission (NDRC), stated at a press conference in Shanghai on July 7th that the NDRC will release two outcomes at this years conference. First, the "Chinas Smart World: Case Studies" collection. Since 2024, the NDRC has released case studies for three consecutive years, sharing my countrys accumulated products, technologies, and practical experience in "AI+" initiatives with the world. This years cases cover more than 20 countries, involving agriculture, industry, energy, and scientific research. Second, the "Action Plan for Cooperation and Development in Artificial Intelligence," which includes eight aspects such as inclusive intelligent computing power, open-source ecosystem sharing, AI empowerment, and security governance cooperation. It aims to strengthen communication and exchange with other countries in areas such as technological innovation, industrial application, and security governance.Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates stated that this agreement brings the long-term order book for the Ruwais LNG project to over 90% of its total capacity, with nearly 23% of the capacity already committed to supplying Japanese customers.According to a related statement, ADNOC, the national oil company of the United Arab Emirates, and INPEX of Japan have signed a 15-year purchase and sale agreement for the Ruwais LNG project, under which ADNOC will supply INPEX with 1 million tons of LNG per year from the Ruwais project.July 7th - The 2026 World Artificial Intelligence Conference and High-Level Meeting on Global Governance of Artificial Intelligence will be held in Shanghai from July 17th to 20th. At a press conference held in Shanghai on July 7th, it was announced that this years conference has established a closed-loop service system covering pre-conference, during-conference, and post-conference phases. In terms of industry empowerment, 57 core scenarios have been implemented, resulting in intended cooperation agreements totaling 16.2 billion yuan. Regarding capital matchmaking, the conference has established a dedicated capital matchmaking zone, connecting more than ten investment institutions and 200 professional investors.

Stock Markets Have Wild Right After the Inflation Number

Cory Russell

Jul 14, 2022 14:49

Technical Analysis of the S&P 500

Due to higher than expected inflation data in the United States, the S&P 500 has been all over the place during trading on Wednesday. This does imply that there will likely be a lot of uncertainty moving forward, and as a result, there will probably be a lot of volatility, which is nothing new in this market. Considering that the market has recovered very well, it is probable that there will still be concerns about our future direction.


The 50 Day EMA breaking below it and moving lower makes the 4000 level above a significant resistance barrier. As a result of the market's definite downturn, I believe it will continue to be a source of considerable anxiety. We can eventually take it below the 3750 threshold. In the end, I believe there is significant negative pressure on this market that might lead to a move to the lows around the $3637 level. The market will collapse if we break down below that level.


Alternately, if we break through the 4000 level, we may try to climb as high as the 4200 level. I anticipate paying great attention to the 4200 level because I think it may provide a chance for the market to make a full recovery. However, despite the fact that Wall Street will almost surely come up with some kind of story to finally drive things higher, I don't see that occurring.

Suggestion