EUR/USD 1.13992
-0.107%
Gold 4044.34
-1.497%
Oil 74.104
2.907%
USD/JPY 162.533
0.274%
GBP/USD 1.33337
-0.186%
GBP/JPY 216.722
0.104%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Germany will approve a €12 billion defense contract.Qatari Cabinet: We demand that Iran cease these dangerous practices and reserve the right to take appropriate action to protect its own interests.July 8th - Equita Sim analyst Paola Carboni stated that Gucci should benefit from LOréals early acquisition of its beauty product licenses. Kering Group announced that, following an agreement with existing licensor Coty, it will transfer the licenses to sell Gucci-branded beauty products to LOréal a year ahead of schedule. Carboni stated that the faster transition should allow Gucci to benefit from LOréals expertise and scale, pointing to the French beauty companys marketing firepower and global distribution network. "A positive impact on Guccis brand visibility and appeal is expected in the medium term."The MBA 30-year fixed mortgage rate in the United States was 6.58% for the week ending July 3, compared with 6.57% previously.On July 8, the Monetary Policy Committee of the Peoples Bank of China held its second quarterly meeting of 2026. The meeting emphasized the need to be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, the Central Economic Work Conference, and the National Peoples Congress and the Chinese Peoples Political Consultative Conference, and follow the decisions and deployments of the CPC Central Committee and the State Council. It stressed the importance of firmly grasping the primary task of high-quality development, solidly advancing Chinese-style modernization, fully and accurately implementing the new development philosophy, and accelerating the construction of a new development pattern. The meeting also emphasized the need to coordinate the relationship between aggregate supply and aggregate demand, focusing on expanding domestic demand and optimizing supply, improving incremental growth and revitalizing existing assets, enhancing the endogenous driving force of economic development, further strengthening the domestic economic cycle, optimizing the domestic and international dual circulation, and continuously consolidating and expanding the positive momentum of steady economic growth.

The US Stock Market Continues to Pull Back

Skylar Shaw

Apr 02, 2022 11:25

微信截图_20220402091730.png

S&P 500 Technical Analysis

On Friday, the S&P 500 sought to climb in the futures markets but gave back gains, indicating weakness. As a result, the market currently threatens the 4500 level in the futures market, which has previously been a key sector. As a result, it'll be fascinating to watch whether we can pull back much farther, possibly to the 50 Day EMA.


The candlestick's magnitude isn't particularly impressive, but it appears like the 4500 goal I suggested before will be tested. If we break it down further, the 50 Day EMA, which is at the 4400 level, makes a lot of sense, followed by the 200 Day EMA, which is also at that level. 


The market is still highly loud, and I believe it will continue to be so in the future. After all, there are a slew of confusing signals at the present, not least in the bond market, where many traders anticipate we'll see as many as eight interest rate hikes, while others say it's impossible.


Find a reason to go higher, but this is due to the fact that it is unconcerned about the underlying economy. Keep in mind that stock markets are about liquidity more than anything economic. If it were the case, the latest straight-up-in-the-air photo would not have taken place. 


That said, savage rallies are common in bear markets, so, while hope springs eternal, I'll be betting on the downside through options rather than directly in the market.


Suggestion