EUR/USD 1.18258
0.606%
Gold 4988.24
1.060%
Oil 61.059
2.474%
USD/JPY 155.783
-1.664%
GBP/USD 1.36409
1.029%
GBP/JPY 212.511
-0.635%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
January 25th - At the start of the new year, Beijing announced several policies to support the development of high-tech and cutting-edge industries. The Beijing Municipal Bureau of Economy and Information Technology announced the compilation of the first batch of implementation guidelines for high-tech and cutting-edge industry development projects and SME support funds for 2026, aiming to ensure a good start and rapid development of high-tech and cutting-edge industries in 2026. The first batch of implementation guidelines focuses on the annual key tasks in the high-tech and cutting-edge industry sector, as well as the long-term industrial vision for the 15th Five-Year Plan period. It emphasizes four key aspects: promoting innovation, accelerating transformation, improving quality and efficiency, and fostering growth. The planned investment exceeds 1.5 billion yuan to support more than 10 key industries, including integrated circuits, biomedicine, materials and energy, information software, and the digital economy.January 25th - According to the European-Mediterranean Seismological Centre, a 5.0-magnitude earthquake struck the southeastern waters of Easter Island, Chile, at 16:40 local time on the 24th, with a focal depth of 10 kilometers. No tsunami warning has been issued so far.January 25th - It was learned on January 24th local time that a US official revealed the next round of trilateral talks between Russia, the US, and Ukraine is expected to be held on February 1st in Abu Dhabi, UAE. Earlier that day, the trilateral talks in Abu Dhabi concluded. Ukrainian President Zelenskyy stated that the days dialogue was broad in scope, the discussions were constructive, and the focus was on the conditions for ending the conflict.Ukrainian President Zelenskyy: Following several days of talks, all parties agreed to report to their respective capitals on all aspects of the negotiations and coordinate follow-up steps with their leaders. The military has drawn up a list of topics that may be discussed at the next meeting. If all parties are ready to move forward with the negotiations—and Ukraine is ready—the next meeting will be held, possibly as early as next week.US President Trump: The United States has retrieved oil from the seized Venezuelan oil tanker. The Venezuelan oil will be shipped to the Houston refinery.

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