EUR/USD 1.17359
0.003%
Gold 3644.12
0.279%
Oil 62.263
0.402%
USD/JPY 147.580
0.248%
GBP/USD 1.35611
-0.088%
GBP/JPY 200.144
0.176%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
WHO: Ebola vaccination has begun in the Democratic Republic of the Congo. The International Coordinating Group on Vaccine Provision has approved the shipment of approximately 45,000 additional doses of Ebola vaccine to the region.On September 14, according to reports from the British newspaper The Guardian and other media outlets, the Pakistani military said on the 13th local time that Pakistani security forces raided two hideouts of the Pakistani Taliban. Fierce clashes broke out between the two sides near the Pakistan-Afghanistan border, killing 35 militants and 12 soldiers. The report said that Pakistani security forces killed 22 militants in the first raid in the Bajaur district of northwestern Khyber Pakhtunkhwa province. Another 13 militants were killed in another raid in the South Waziristan district of Khyber Pakhtunkhwa province.September 14th news: On September 14th local time, China and the United States held talks on economic and trade issues in Madrid, Spain.On September 14, according to Deutsche Presse-Agentur, Andre Tillich, head of Teslas German factory, said that more electric vehicles will be produced than previously planned because "sales data is very ideal." Tillich said that the factory has raised its production plan for the third and fourth quarters, and added that Teslas German factory still expects "positive signals from all markets we supply." However, he did not disclose specific production targets. However, this optimistic statement contrasts with recent sales data. Teslas new car registrations in Germany fell by 39% last month, and the cumulative drop in the first eight months of this year was 56%. In France, Belgium, Denmark and Sweden, Teslas sales in August also fell sharply. Norway is an exception, with registrations increasing by 21% last month and a cumulative increase of 26% so far this year.German Geoscience Research Center GFZ: A 5.71 magnitude earthquake occurred in northeastern India.

S&P 500 Price Forecast – Stock Markets Wait for Jerome Powell

Alice Wang

Feb 01, 2023 15:58

S&P 500 Technical Analysis

The S&P 500 initially pulled back during the trading session on Tuesday to reach to the 200-Day EMA. The 200-EMA is of course an area where a lot of people pay close attention to, especially as it is near the 4000 level. The 4000 level is obviously a large, round, psychologically significant figure that people will pay close attention to. If we break down below there, we could break down to the 50-Day EMA, but the fact is that we have so much in the way of noise out there and events over the next couple of days, it’s difficult to get overly enthusiastic about anything.


At this point, we have to think about the FOMC Meeting that is going on over the next 48 hours. The market will have to wait to see what Jerome Powell has to say, and whether or not he squashes risk appetite. I think he will try to do so, but it’s worth noting that the market has completely ignored him for the most part. On the other hand, and if they do something to really spook the market, we could see a significant selloff.

The bullish case scenario is they completely ignore him and break above the 4100 level. Breaking above the 4100 level opens up the possibility of a move to the 4200 level. Either way, I think there is going to be a lot of choppy volatile markets. With that being the case, I think you get a situation where you need to be cautious and nimble, and probably wait until after the press conference on Wednesday as there will be a lot of shenanigans played between now and then by options traders pushing the market around.



Suggestion