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, the Communist Party of Cuba issued a statement on its official website on the 20th, condemning the US governments escalation of aggression against Venezuela in the strongest terms and accusing the US of its recent actions in Venezuela of being a deliberately planned and dangerous act.SpaceX: Public safety is always our top priority during flight tests. We will continue to ensure that public safety is maximized.On December 21, six sources familiar with U.S. intelligence said that a U.S. intelligence report continues to warn that Russian President Vladimir Putin has not abandoned his goal of occupying the whole of Ukraine and reclaiming the European parts of the former Soviet Union. This report contrasts sharply with the account given by U.S. President Donald Trump and his Ukrainian peace negotiators, who claim Putin wants to end the conflict. According to one of the sources, the latest report was dated late September. This intelligence also contradicts Putins denial of posing a threat to Europe. According to the sources, this intelligence is largely consistent with the views of European leaders and intelligence agencies that Putin covets the entire territory of Ukraine and former Soviet states, including some NATO member states.December 21 - According to the Japan Meteorological Agency, a 5.5-magnitude earthquake struck off the eastern coast of Aomori Prefecture, Japan, at approximately 10:29 a.m. local time on December 21. The maximum tremor was felt as a 4, and the epicenter was 50 kilometers deep.On December 21, the United States intercepted another oil tanker off the coast of Venezuela, which the Venezuelan government called an act of piracy. Jeremy Paner, a partner at the Washington-based law firm Hughes Hubbard and a former investigator with the Office of Foreign Assets Control (OFAC), said the ship was not subject to U.S. sanctions. “The seizure of a vessel not sanctioned by the United States marks a further increase in pressure on Venezuela by Trump,” Paner said. “This also contradicts Trump’s statements that the U.S. will blockade all sanctioned oil tankers.”

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