• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 13th, Deutsche Bank analyst Sanjay Raja pointed out that although the market had already anticipated a slowdown in the UK economy from its strong growth at the beginning of the year, the third-quarter data still showed a weaker-than-expected performance. He stated, "With inflation rising again and unemployment climbing, GDP growth slowed further." The UKs third-quarter economic growth was only 0.1%, placing it in the middle of the G7 and below market and Bank of England expectations. Raja believes that given the uncertainty caused by the government budget has already affected spending in October and November, with major investment and hiring decisions postponed to the new year, the UK economy is unlikely to show significant improvement before the end of this year.The Hang Seng Index closed up 150.3 points, or 0.56%, at 27,073.03 on Thursday, November 13; the Hang Seng Tech Index closed up 47.31 points, or 0.8%, at 5,981.3; the H-share Index closed up 60.07 points, or 0.63%, at 9,599.06; and the Red Chip Index closed up 8.59 points, or 0.2%, at 4,351.29.The dollar fell on Thursday as traders remained cautious about potentially weak data following the reopening of the U.S. government. The House of Representatives passed a temporary funding bill on Wednesday to end the record-long government shutdown, which President Trump subsequently signed into law. This move will allow official data releases to resume, although the specific timeline remains unclear. Kristoffer Kjaer, head of foreign exchange and interest rate strategy at Danske Bank, noted in a report that up to three jobs reports and two inflation data points could be released before the Federal Reserves December interest rate decision. However, Danske Bank expects the dollar to rebound, predicting that U.S. data may show resilience and prompt the Fed to abandon a rate cut in December.The National Highway Traffic Safety Administration (NHTSA) says Toyota is recalling 126,691 vehicles in the United States because loss of power increases the risk of a collision.On November 13th, the following are the warehouse receipts and changes for various commodities traded on the Guangzhou Futures Exchange: 1. Lithium carbonate futures warehouse receipts: 27,508 lots, a decrease of 779 lots compared to the previous trading day; 2. Polysilicon futures warehouse receipts: 9,130 lots, a decrease of 720 lots compared to the previous trading day; 3. Industrial silicon futures warehouse receipts: 45,387 lots, a decrease of 549 lots compared to the previous trading day.

S&P 500 Price Forecast – Stock Markets Recover From Extreme Oversold Conditions

Lorna Divakar

Dec 22, 2022 16:15

微信截图_20221222160821.png

Technical Analysis of the S&P 500

Due to the fact that it seems as if we are approaching the 50-Day EMA, the S&P 500 has increased a little in the E-mini contract during the trading session on Wednesday. In the end, I believe that this market is attempting to reach some kind of balance between this point and the year's conclusion.


 After all, this is the year's worst period for liquidity, and there have undoubtedly been many worries lately. Even if Wall Street was waiting for a giveaway, Jerome Powell has been sure to underline the concept that the Federal Reserve was going to remain tight for a while.


A significant flush down might occur if we close below the hammer from the Tuesday session, but I don't believe it will happen straight away. Since this market has been overdone, in my opinion, we are merely rebounding until we see an exhaustion candle. I won't hesitate to start selling on that exhaustion candle since, to be honest, I believe it would be a really bearish indicator. In the end, I do believe that we will decline because, very honestly, a severe recession is imminent and it is clear that Wall Street is now beginning to concur with all of the forecasts.


To consider this a prospective market worth purchasing, we would need to at the very least knock out the top of the 200 day EMA. I just don't see how that could occur, therefore I believe you are watching for a chance to go short once again. You just don't know; it may happen in January or it might happen right now.