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On April 27, Huawei Qiankun Intelligent Automotive Solutions officially released the "Intelligent Assisted Driving Safety Initiative" today. In the initiative, a total of 11 auto brands executives signed, including GAC, SAIC, JAC, Audi, Dongfeng Mengshi, Lantu, Deep Blue Auto, BAIC, Avita, Seres, Chery Automobile, etc.On April 27, the official website of the State Financial Supervision and Administration showed that Xu Xiaozheng, deputy director of the Inclusive Finance Department, has been appointed as member of the Party Committee and deputy director of the Shenzhen Regulatory Bureau of the Financial Supervision Administration.On April 27, since February this year, the tariff increase policies issued by the United States have caused fluctuations in the cross-border e-commerce industry. Mai Li Ni, a senior practitioner in cross-border e-commerce, talked about the recent tariff policy of the United States with obvious helplessness in his tone. He said that his most personal feeling is that this directly hit the survival space of e-commerce companies, freezing the entire industry and even the supply chain. The price comparison platform "Smart Exploration" said that they monitored 930 Amazon products that have increased in price since April 9. With the sharp increase in tariffs, the average price increase of these products reached 29%, covering multiple categories such as clothing, household goods, electronic products and toys. There are also several e-commerce platforms that announced that due to the increase in operating costs caused by "recent changes in global trade rules and tariffs", price adjustments will be implemented from April 25. Commodity prices have soared, and consumers and companies are under double pressure. In this regard, Mai Li Ni said that it is difficult for the US government to achieve its desired "manufacturing return" so simply by imposing tariffs.Conflict situation: 1. According to the Ukrainian Pravda: Russia lost 1,110 soldiers in the past 24 hours. 2. The Russian Chief of General Staff said that the Kursk region has been completely recovered, and the Ukrainian side said that this statement is untrue. 3. The Ukrainian military: Our troops continue to operate in the Belgorod Oblast of Russia. 4. According to the Ukrainian National News Agency: The Russian army launched 414 attacks in the Zaporizhia region at night. 5. A Russian drone attacked a nine-story residential building in the industrial area of Dnipropetrovsk, Ukraine, killing one person and injuring at least three people, including a child. 6. According to the Polish Armed Forces, a Russian military helicopter crossed Polish airspace and entered the Baltic territorial waters. The nature of the incident shows that Russia is testing the defense readiness of Polands air defense system. Peace talks: 1. Ukraine said it still takes time to finalize the text of the Ukrainian-US mineral agreement. 2. Zelensky announced a meeting with Trump and emphasized the realization of a comprehensive and unconditional ceasefire. 3. Russian Foreign Minister: Russia will not disclose the progress of the negotiations before the conclusion of the Russian-US negotiations on Ukraine. 4. Ukrainian President Zelensky is reportedly scheduled to meet with European Commission President von der Leyen on Saturday. 5. Ukrainian Presidential Office: Ukrainian President Zelensky met with French President Macron. 6. According to Interfax: Russian President Putin confirmed during a meeting with US Special Envoy Vitkov that Russia is ready to negotiate with Ukraine without preconditions. April 27, a person familiar with the matter said on Saturday that the European Central Bank has set up a special task force led by Vice President Guindos, which will seek ways to simplify European banking rules. The source said that the central bank governors of Germany, France, Italy and Finland also participated in the working group. However, the European Central Bank has no right to amend the rules-this is the prerogative of the European legislature in Brussels, so any recommendations of the special task force must be submitted to Brussels for review. It is reported that this action stems from a letter jointly sent by the governors of the central banks of Germany, France, Italy and Spain to the European Commission this year, calling for the simplification of "overly complex" European banking rules.

Trade Through 13583.75 Changes Minor Trend to Up in E-mini NASDAQ-100

Cameron Murphy

Apr 29, 2022 10:10

Investors followed the wave produced by excellent Meta Platforms results, sending June E-mini NASDAQ-100 Index futures up just after the mid-session on Thursday. The rally expanded to damaged technology and growth sectors, easing concerns about a U.S. economic slowdown in the first quarter.


June E-mini NASDAQ-100 Index futures are trading at 13399.75, up 390.75 or +3.00 percent, as of 18:04 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $327.55, up $10.79 or 3.41%.

News on the stock market

The parent company of Facebook surged 14.3% after reporting a better-than-expected earnings and seeing user growth on the social-networking site.


Apple Inc, the world's most valuable corporation, and Amazon.com Inc, the world's largest e-commerce firm, both surged more than 2% ahead of their results later in the day.

Economic News from the United States

After growing at a 6.9% annualized pace in the fourth quarter, gross domestic product declined at a 1.4 percent annualized rate in the first quarter, according to a report from the US Commerce Department. The economy was expected to expand at a pace of 1.1 percent, according to economists surveyed by Reuters.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the downturn will be signaled by a transaction through 12801.50. The major trend will turn to up if the price breaks over 14298.00.


The minor trend is similarly in the negative direction. The minor trend will be changed to up if a transaction is made through 13583.75. This will cause the momentum to move upward.


13583.75 to 12801.50 is the minor range. It is now trading around 13192.50, which represents support, on the strong side of its pivot.


15268.75 to 12801.50 is the short-term range. If the minor trend reverses, the retracement zone between 14035.25 and 14326.25 will be the next upward target.

Technical Forecast for the Daily Swing Chart

Trader response to 13192.50 will influence the direction of the June E-mini NASDAQ-100 Index into Thursday's closing.

Possibilities for Growth

The presence of buyers will be shown by a persistent advance over 13192.75. The minor peak at 13583.75 is the next goal. If this level is broken, the minor trend will shift to the upside, providing the impetus required to attack the short-term 50% level at 14035.25.

Scenario that is bearish

The presence of selling will be signaled by a prolonged move below 13192.75. This might lead to a retest of the low of the week, which was 12801.50. If this price fails, expect the selling to continue into the primary bottom at 12179.50 on March 5, 2021.

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