EUR/USD 1.17092
-0.103%
Gold 4339.50
0.156%
Oil 56.513
1.153%
USD/JPY 157.685
1.371%
GBP/USD 1.33734
-0.060%
GBP/JPY 210.883
1.325%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 21, Venezuelan Vice President and Oil Minister Rodríguez condemned the United States for "theft and hijacking" of private vessels carrying Venezuelan oil in international waters on December 20. In a government statement released via social media, Rodríguez stated that this serious act of "piracy" violated international law. He asserted that the colonial model the US government attempted to impose on Venezuela would ultimately fail, and that the Venezuelan government would appeal to the UN Security Council and other multilateral organizations for appropriate action.On December 21, the World Trade Organization (WTO) released its "World Trade Report 2025" on December 20, local time. The report indicates that, with supporting policies in place, artificial intelligence (AI) is expected to increase cross-border trade in goods and services by 34% to 37% and global GDP growth by 12% to 13% by 2040 by improving productivity and reducing trade costs. The report emphasizes the need to bridge the digital infrastructure gap, strengthen skills training, and maintain an open and predictable trading environment to ensure more inclusive growth.According to Business Insider, Apple has advised some employees with visas not to travel outside the United States due to embassy delays.Russian Presidential Special Representative Dmitriev: Russia and the United States are having "constructive" discussions, which will continue in Miami on Sunday.On the 20th local time, talks regarding the Ukraine issue continued, with Russian Presidential Special Representative Dmitriev arriving at a golf club in Miami, USA. Reports indicate that reconciliation talks on the Ukraine issue will be held there. Earlier reports suggested that US and Russian representatives would meet this weekend in Miami, a city in the southern United States, to push forward the US-proposed Russia-Ukraine "peace plan." The Russian delegation will reportedly include Presidential Special Representative Dmitriev, while the US delegation will consist of President Trumps special envoy Witkov and his son-in-law Kushner. The US will brief the Russian side on the recent results of negotiations between the US and Ukraine in Berlin, Germany.

S&P 500 Price Forecast – Stock Markets Run Into Resistance

Cory Russell

Dec 06, 2022 15:56


Technical Analysis of the S&P 500

The S&P 500 E-mini contract has had a rough start to the week as we have been testing a significant downtrend line. As a result, the market will continue to display a lot of erratic activity, particularly given that the 200-Day EMA is located just below. A move down to the 3900 level, which is essentially where the 50-Day EMA is at the moment, is possible if we break below the 200-Day EMA, which is likely to lead to even more negative price action.


The Federal Reserve meeting is in the middle of next week, and that will undoubtedly have a significant impact on how the market performs. It's probably wise to keep in mind that each rally that is predicated on what Powell may or may not say tends to be shorter. To put it another way, I ponder whether or not this market is at last taking the real economy into account. Not everything revolves on "Poppa Powell" and whether or not he is dispensing candy.


It's feasible that we may look at the 4200 level if we were to break above the highs from last week. The 4200 level courses are an area that obviously has a lot of prior action as well as a certain degree of psychology associated to it. Remember that the year is coming to a close, thus I believe it makes perfect sense that the famous "Santa Claus rally" has arrived. What really matters is if it endures for any period of time.

Suggestion