EUR/USD 1.15678
0.343%
Gold 4376.09
0.578%
Oil 81.485
1.319%
USD/JPY 159.356
-0.090%
GBP/USD 1.35343
0.362%
GBP/JPY 215.682
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 16th, it was reported that the Fujian Provincial Government recently issued the "Fujian Province 15th Five-Year Plan for Emerging Industries and Future Industries Development," outlining the promotion of nine future industries. Among these initiatives is the promotion of AI+ application demonstrations, the in-depth implementation of the "Artificial Intelligence+" leading demonstration action, the acceleration of Fujians artificial intelligence industry development, and the deep integration of AI with various fields such as industry, healthcare, education, and human resources. Support will be provided for the application and innovation of AI technology across the entire process, from R&D and design to pilot testing, manufacturing, marketing, and operational management. The plan also includes improving AI infrastructure construction, accelerating the construction of a province-wide integrated computing network, promoting the construction of public intelligent computing centers in Fuzhou, Xiamen, and Zhangzhou, and rationally allocating edge computing nodes; strengthening and expanding artificial intelligence pilot-scale bases, and collaborating with national strategic scientific and technological forces to create the AI for Science platform; and implementing the "Data Element ×" action, building high-quality datasets that meet AI-Ready requirements in key areas such as government affairs, healthcare, and marine sectors, promoting the construction of provincial data annotation bases, and building a data resource development service system. To foster an AI development ecosystem, we will build high-quality provincial-level AI industrial parks and AI industrial clusters in Fuzhou, Xiamen, and Quanzhou, and cultivate "AI+" enterprises in a tiered manner; support the joint construction of innovation platforms to tackle key technologies such as intelligent chips and core algorithms; support AI-native entrepreneurship and promote AI-native organizational innovation; and encourage various regions to explore the construction of low-cost, open OPC1 innovation communities to provide services such as prototype development for vertical fields.August 16 - According to announcements from the Chiba Prefectural Government and police on the 16th, as of now, the torrential rains that began in Chiba Prefecture on the 13th have resulted in 9 deaths and flooded more than 1,000 houses.U.S. Central Command: The USS Abraham Lincoln, homeported in San Diego, set sail last November for its deployment mission and arrived in the Middle East in January. The strike group has successfully carried out thousands of combat sorties to support Operation Epic Fury, regional security missions, and the current U.S. naval blockade of Iran.U.S. Central Command: Admiral Brad Cooper stated that the USS Lincoln Carrier Strike Group is a powerful and accomplished American team, and they are rightfully proud of everything they have accomplished. History will record this deployment as one of the most intense and far-reaching deployments in modern history.U.S. Central Command: While at sea, Admiral Brad Cooper met with sailors and Marines aboard the USS Abraham Lincoln for the second time this year.

S&P 500 Price Forecast – Stock Markets Running Out of Momentum

Steven Zhao

Oct 28, 2022 15:41


Technical Analysis of the S&P 500

During the trading session on Thursday, the S&P 500 E-mini contract fluctuated back and forth as it seemed that momentum was beginning to wane. As we ended up producing a significant shooting star during the previous session, the market is now expected to continue to receive a lot of inquiries regarding the probable direction of the stock market. It's probable that we will keep moving down and that the long-term downtrend will continue if we break back down below the 50-Day EMA. I would anticipate losing 3800 at that time and moving on to the 3600 level.


On the other hand, it's possible that the upside will be challenged further into the 4000 level if we were to break above the top of the shooting star from the Wednesday session.


However, I do believe that this is a situation where you should be looking for shorting opportunities as the Federal Reserve will have to continue tightening monetary policy. Of course, there is also the possibility that the market could receive a shock next week as the Federal Reserve returns to the scene with its monetary policy statement and of course the press conference that follows.


Wall Street continues to believe that the Federal Reserve will save it, despite the fact that the Fed has repeatedly said that it wants lower stock prices and to reduce demand.

Suggestion