EUR/USD 1.16316
0.284%
Gold 4663.39
1.779%
Oil 59.464
0.346%
USD/JPY 157.839
-0.147%
GBP/USD 1.33945
0.111%
GBP/JPY 211.422
-0.037%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 19, China Taiping (00966.HK) announced on the Hong Kong Stock Exchange that the Groups profit attributable to shareholders for the year ended December 31, 2025, is expected to increase by approximately 215% to 225% compared to the same period last year. The profit attributable to shareholders for the year 2024 was HK$8.432 billion.January 19th - On January 15th, Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), met with Canadian Prime Minister Mark Carney in Beijing. The two sides exchanged views on promoting and expanding Sino-gas cooperation.The yield on Japans 40-year government bonds rose to 3.895%, a record high.On January 19th, Peng Yongtao, Director of the Service Industry Survey Center of the National Bureau of Statistics, stated that the service sector contributed 61.4% to national economic growth, an increase of 3.7 percentage points from the previous year; the service sector boosted GDP growth by 3.0 percentage points, an increase of 0.1 percentage points from the previous year; and the service sectors added value accounted for 57.7% of GDP, an increase of 0.9 percentage points from the previous year. In the fourth quarter, the added value of the service sector reached 21,594.8 billion yuan, a year-on-year increase of 5.2%, contributing 63.2% to economic growth and boosting GDP growth by 2.8 percentage points. The service sectors added value accounted for 55.7% of GDP. In December, the service sector production index increased by 5.0% year-on-year, 0.8 percentage points faster than in November.On January 19th, Hong Kong stocks opened lower and continued to decline throughout the morning session. The Hang Seng Index closed down 0.99% at 26,578 points, while the Tech Index closed down 1.15% at 5,755.35 points. On the sector front, airline stocks performed well, while department store and power equipment stocks led the gains, and the tourism and sightseeing sector rebounded. Pharmaceutical outsourcing concepts led the declines, followed by cosmetics and short video concept stocks, and some AI application stocks also fell. In terms of individual stocks, China Eastern Airlines (00670.HK) rose 8.8%, China Southern Airlines (01055.HK) rose 6.5%, Li Ning (02331.HK) rose 4.2%, Mengniu Dairy (02319.HK) rose 3.5%, and Baidu (09888.HK) rose 2.5%; MINIMAX-WP (00100.HK) fell more than 10%, Zhipu (02513.HK) fell 9.8%, Bilibili (09626.HK) fell 7.7%, WuXi Biologics (02269.HK) fell 5.8%, Hua Hong Semiconductor (01347.HK) fell 4.3%, and Alibaba (09988.HK) fell 3.3%.

S&P 500 Prices Forecast – Stock Markets Pull Back on Thursday

Alice Wang

Nov 18, 2022 17:27


Technical Analysis of the S&P 500

The S&P 500 E-mini contract experienced a significant decline during Thursday's trading session, approaching the 3900 mark. Considering that the 200-Day EMA has also provided some resistance, it's important to note that our pullback occurred exactly where you would anticipate it to. On the other side, it opens the door to a move to the 4150 level if we turn around and remove the top of the shooting star from Tuesday.


The market is likely to go in the direction of the 50-Day EMA and possibly even the 3800 level if we remove the 3900 level below. In the end, this market will suffer as long as the VIX remains in a very choppy range, resulting in, to put it mildly, loud behavior. The size of the candlestick does indicate that there might be some follow-through, so if we do drop below the 3900 mark, I'll be looking to start selling again.


However, given the choppy nature of volatility, it's possible that there will be some noise. This is especially true given that the markets are oscillating between the possibility of the Federal Reserve loosening or tightening monetary policy, since everyone seems to have a different take on the matter. A recession is another issue we need to be concerned about because it is just a matter of time until it enters the scene as well. How we proceed after 3900 will be crucial.

Suggestion