EUR/USD 1.14778
0.226%
Gold 4693.07
-2.600%
Oil 96.262
-2.630%
USD/JPY 159.117
-0.462%
GBP/USD 1.32827
0.198%
GBP/JPY 211.355
-0.204%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The working lunch between US President Trump and Japanese Prime Minister Sanae Takaichi was canceled, and the summit talks were extended accordingly.Pfizer announced that the Talzenna study met its primary endpoint.In one study, Eli Lillys (LLY.N) diabetes injection caused subjects to lose an average of 15.3% of their body weight.On March 19th, it was announced at a press conference held by the General Administration of Customs that, in order to further improve the level of supervision over imported food safety and facilitate trade in imported food, the General Administration of Customs recently revised and issued the "Regulations on the Registration Management of Overseas Production Enterprises of Imported Food of the Peoples Republic of China" and supporting implementation announcements. The relevant policies and measures will officially take effect on June 1, 2026. Li Jinsong, Director of the Import and Export Food Safety Bureau of the General Administration of Customs, stated that the new regulations place greater emphasis on implementing the "strictest standards" for food safety, strengthening source management and full-process supervision. At the same time, they fully consider the continuity with existing registration systems; currently registered enterprises worldwide will not only be unaffected in their imported food trade but will also receive greater convenience through the new regulations. Specifically, for registered enterprises other than those producing meat and meat products and birds nest and birds nest products, the validity period will be automatically renewed upon expiration.Libyas National Oil Corporation (NOC) said the fire at the Sharara oil field pipeline has been extinguished.

S&P 500 Weekly Forecast – Stock Markets Threaten Breakout

Alice Wang

Nov 28, 2022 14:24

微信截图_20221128141700.png

Weekly Technical Analysis for the S&P 500

Throughout the trading week, the S&P 500 E-mini contract has climbed a little to test the 50-Week EMA. 


Although the previous week's candlestick indicates that there is considerable resistance just above, it is highly doubtful that things will get any easier from here on out. 


After all, a lot will depend on the jobs report that will be released on Friday as people try to predict what the Federal Reserve will do next. Wall Street has recently been anticipating a slowdown in interest rate increases, but the truth is that they will continue to remain tight for a considerable amount of time.


When examining the chart, you need also keep in mind that Thursday and Friday would have seen, to put it mildly, very little trade, so you can only infer so much from the candlestick. As we wait for the Federal Reserve statement in December, the course of the next few sessions will almost probably define where we go for the following few weeks.


Although I don't believe the market is about to be given the "all clear," there may be a chance for the mythical "Santa Claus rally" at this time, so you should be extremely cautious about the size of your positions. 


Money managers will then exert every effort to begin acquiring assets that will allow them to appear to have performed better than they actually did at the end of the year. With this, we might obtain that tiny bomb, but I have a feeling the merchants will be back in no time.

Suggestion