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On June 13, Iranian Foreign Ministry spokesman Bagaei said that the specific timing for signing a memorandum of understanding between Iran and the United States still needs to be awaited, and there are no plans for an overseas visit in the next day or two.Domestic News: 1. Six departments jointly issued the "Guidelines for the Classification and Grading of Financial Information Service Data". 2. Eleven departments, including the Ministry of Transport, jointly issued a document to promote the large-scale application of new energy heavy trucks. 3. Yu Xiaoping, former vice president of the Peoples Insurance Company of China, is under investigation. 4. The China Motorcycle Chamber of Commerce advocates consciously abandoning unethical business practices such as malicious low-price dumping and disorderly bidding for orders. 5. A spokesperson for the Ministry of Commerce answered reporters questions regarding the US Department of Defenses inclusion of some Chinese companies in the "List of Chinese Military Enterprises". International News: 1. "Sister Wood" sold AMD stock and bought $440 million worth of SpaceX stock. 2. Trump: US military killed Ninho Guerrero, leader of the "Aragua Trains" organization. 3. ECB Governing Council member Nagel: Even if the conflict ends, prices may remain high for a long time. 4. US capital is vying for Venezuelan oil fields, planning to create the first Venezuelan oil company listed on Nasdaq. 5. The US bans foreign entities from accessing Fable 5 and Mythos 5; Anthropic issued a lengthy rebuttal. 6. Middle East Situation—① Irans late Supreme Leader Khamenei will be buried on July 9. ② Lebanese sources: A new round of Lebanon-Israel talks will be held on July 22. ③ Pakistani Prime Minister: A US-Iran agreement is expected to be finalized within 24 hours, with electronic signing to take place immediately afterward. Technical negotiations are planned to begin next week. ④ Trump retweeted a tweet from the Pakistani Prime Minister regarding the possibility of signing a US-Iran peace agreement within 24 hours. ⑤ Iranian Foreign Ministry: A potential US-Iran memorandum of understanding is not a final agreement and will not be signed tomorrow, but completion within the next few days is not ruled out. ⑥ Media reports that an Iranian delegation will visit Pakistan on July 14. The Iranian Foreign Ministry denies this: There are no plans to visit Pakistan or Geneva in the coming days.On June 13, Iranian Foreign Ministry spokesman Baghae said that any potential understanding between Iran and the United States is merely to promote continued dialogue, not a final agreement; unfreezing Iranian assets will be an indispensable part of any Iran-US understanding. According to the Iranian Students News Agency, Baghae said during a meeting with media representatives that Irans current focus is on ending fighting on all fronts and regional tensions, and that it will not delve into the details of the nuclear issue at this stage. He said the only way to achieve regional security is to end the presence of foreign military forces in the region. Baghae emphasized that the unfreezing of Iranian assets is an important component of the understanding and will not be excluded. Current discussions also include addressing US hostile actions against Iranian vessels and issues related to the Strait of Hormuz. Baghae said that Iran will proceed with the utmost caution in advancing negotiations and the diplomatic process, while remaining vigilant based on past experience. If the other side refuses to fulfill its obligations, Iran can take countermeasures.A senior U.S. government official said: "We believe a trade agreement between the U.S. and India is possible, but we do not expect it to be finalized during the G7 meeting."A senior U.S. government official said a trade agreement with India is expected to be discussed at the G7 summit.

S&P 500 Price Forecast – Stock Markets Quiet to Open Up Holiday Week

Florala Chen

Nov 22, 2022 15:58

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Technical Analysis of the S&P 500

The Monday trading session saw very little movement for the S&P 500 E-mini contract, which is currently sitting just over the 3950 level and just below the 200-Day EMA, which is at the 4025 level. In the end, I believe that the market will soon make a bigger decision, but for the time being it appears that Wall Street is still searching for the, so one would have to assume that there are some investors who are willing to purchase stocks on the basis of the notion of the "Santa Claus rally."


The 50-Day EMA, located precisely at the 3863 level, enters the picture if the market does break down from this point. I anticipate seeing a large degree of resistance to any selling in that range. The 3800 level and a more serious breakdown could be in danger if we fall below there.


The market is still in a downtrend, despite recent signs of a great recovery, and we have even seen the 200-Day EMA and the downtrend line enter the picture and provide at least some psychological resistance. Keeping this in mind, bear in mind that we are still trying to price in a recession.


We may observe a similar trend in the S&P 500 if the US currency strengthens more. Given enough time, I would fully expect the market to make a larger breakout, but since it is Thanksgiving week, it's highly likely that it may be waiting for that to happen.