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On September 18, Bloomberg reported on the 17th that a Spirit Airlines passenger plane had an "uncomfortably close encounter" with Air Force One, the plane carrying President Trump, on the 16th. The report said that Trumps plane was en route to London when it encountered the Spirit Airlines plane over New York City. The two planes were approximately 10 to 13 kilometers apart, about to exceed the safe distance limit, and their flight paths intersected. A recording of an air-to-ground conversation cited in the report showed that the air traffic controller urgently called out to the pilot of the budget airliner, asking him to adjust his course, but the pilot did not respond in time. The air traffic controller then reminded the pilot, "Pay attention to the 747 a few miles away. I believe you can recognize it." Because the pilot did not respond in time, the air traffic controller also scolded the pilot, "Be careful, stop playing with your iPad!"Futures data from September 18th showed a significant downward pressure on copper prices, likely driven by risk aversion ahead of the Federal Reserves interest rate meeting. With expectations of a rate cut materializing and the Feds overall neutral stance, copper prices retreated from their highs during the US trading session. The Fed cut rates as expected, but Powell, in a post-meeting statement, stated the move was a risk management decision, adding that he saw no need for a rapid rate adjustment. While global raw material tightening has eased, supply-side pressures have yet to materialize. Demand for end-consumption remains uncertain, along with the macroeconomic environment. In the short term, copper prices are looking for a breakout driver after hitting the upper limit of volatility, with the market fluctuating between "recession" and soft landing scenarios. The September Fed meeting was uneventful, and while a major upward macro driver has yet to materialize, the long-term supply-demand imbalance remains the primary concern. For now, high volatility is likely to persist until real conditions improve. Trading remains cautious regarding changes in demand and the overseas macroeconomic environment.On September 18th, Meta Platforms (META.O) announced the launch of a new generation of Ray-Ban smart glasses, with significantly longer battery life and 3K video recording capabilities. The technical name of this new pair of glasses is Ray-Ban Meta Gen 2, with a starting price of US$379. At the same time, Meta also launched its first glasses with a built-in display. The latest model is Meta Ray-Ban Display, with a starting price of US$799. The glasses have a built-in screen in the right lens, which can display text messages, video calls, turn-by-turn map navigation, and visual query results of Meta AI services. These glasses also introduce a new control system. Although users can still operate them by swiping along the frame like previous models, the main interface is controlled by a wristband worn on the hand that recognizes gestures. At the same time, Meta also announced the launch of Oakley Vanguard smart glasses, which are targeted at athletes.Meta Platforms (META.O) announced the establishment of Meta Horizon Studio.Meta Platforms (META.O): Ray-Ban Display smart glasses start at $799 and will be available starting September 30.

S&P 500 Price Forecast – Stock Markets Pulled Back After Strong Jobs Demand

Florala Chen

Nov 02, 2022 16:51

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Technical Analysis of the S&P 500

The S&P 500 E-mini contract initially rose during Tuesday's trading session to display symptoms of FOMO once again. Having said that, the market later handed up the gains when the number of job openings in the United States turned out to be 1 million more than expected. This demonstrates how difficult it will be to begin loosening monetary policy, and Wall Street had a little wake-up call during the day. It seems that we are prepared to go lower at this time, maybe endangering the 50-Day EMA. Additionally, we must bear in mind that Wednesday's Federal Reserve pronouncement will have a significant impact on what occurs next.


We are likely to drop much farther if we break down below the 3800 level. On the other side, if we turn around and break above the day's high for Tuesday, then makes a goal of 4,000 possible. Remember that Wall Street had been expecting the Federal Reserve to potentially tone down its hawkish tone, so if they do sound as aggressive as I anticipate, it's probable that we will have a little decline.


Even if there has been a great rebound over the last several weeks, we are still most definitely in a downturn. Although there has been speculation over the last two weeks that the Federal Reserve would let the Canadians and Australians tell them what to do, the economic situation does not seem to be good, and, to be very blunt, nothing has changed.