EUR/USD 1.16054
0.298%
Gold 4353.23
3.386%
Oil 79.175
-4.471%
USD/JPY 160.135
-0.041%
GBP/USD 1.34374
0.201%
GBP/JPY 215.185
0.160%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The UK Maritime Trade Operations Office has received reports of an incident 111 nautical miles southeast of Aden, Yemen, where an oil tanker reported that a small boat approached and fired on it.June 15th - XTBs Kathleen Brooks stated in a report that the US-Iran peace agreement aimed at ending the Middle East conflict and reopening the Strait of Hormuz is putting downward pressure on oil prices and easing inflation concerns. This development comes ahead of Thursdays Bank of England interest rate decision, with investors widely expecting the benchmark rate to remain unchanged at 3.75%. The market may focus on voting divisions and the Bank of Englands communication for clues about the future direction of the interest rate decision. Data from the London Stock Exchange Group shows that the market has already fully priced in the expectation of a 25 basis point rate hike by the Bank of England in December.June 15 – On June 15 local time, the U.S. Central Command issued a statement saying that the U.S. blockade of Iranian ports will remain in effect until the agreement reached with Iran on June 19 is formally signed. The statement said that ships affected by the blockade should not attempt to cross the blockade area without receiving “clear instructions.”June 15th - Tungsten hexafluoride (THF) is a key deposition material in the manufacture of memory chips and advanced logic chips, and is also a popular product in the current surge in demand for electronic specialty gases. Affected by factors such as the withdrawal of some overseas production capacity and the continued expansion of downstream memory chip production, the supply-demand gap has widened, directly driving product prices into an upward trend. Analysts stated, "Taking THF with a significant market price increase as an example, the average monthly price of 5N grade THF in June is expected to reach 1760 yuan/kg, a year-on-year increase of 236%. The surge in demand from memory chips is the core supporting factor." The head of a specialty gas production company in Shanghai stated that helium demand has recently surged, and even with the factory operating on double shifts, supply still cannot meet demand. The head explained, "The semiconductor industry has a very high demand for helium. Many customers are asking, and now the price changes daily. Its possible that todays price will be unavailable tomorrow."June 15th - As the artificial intelligence industry continues to boom, demand for AI chips and high-end memory chips is surging. The production of these chips relies heavily on a special consumable – electronic specialty gases. Electronic specialty gases are electronic-grade gases with a purity exceeding 99.99%, core materials in the field of electronic chemicals, and often referred to as the lifeblood of the semiconductor industry. Driven by strong downstream demand, many core products in the electronic specialty gas market are currently in short supply. Executives from several specialty gas manufacturers stated that their order backlogs have increased significantly, and production lines are operating at full capacity. These executives explained that many of these products ultimately end up in semiconductor wafer foundries, and because some electronic specialty gases are flammable, explosive, and highly hazardous chemicals, customers typically maintain zero inventory. According to these executives, the demand for electronic specialty gases from semiconductor wafer manufacturers has exploded this year, pushing their delivery schedules to near full capacity.

S&P 500 Price Forecast – S&P 500 Awaits Jerome Powell

Jimmy Khan

Sep 22, 2022 14:54


Techniques for the S&P 500

As the Federal Reserve announcement later in the afternoon approaches, the S&P 500 E-mini contract is marginally higher. A 75 basis point rate increase is anticipated in the end, but there are other factors at work as well. We must, after all, wait and see what the Federal Reserve will predict on its outlook.


People will need to pay great attention to it since the market will be impacted by its economic outlook. You should be aware that these days tend to create a lot of strange signals because I think it's probable that we will witness more noise than anything else at this time.


It is more probable than not that we will drop below the 3800 level if we break below the lows of the most recent few sessions. We are going to retest the lows if we can go below that level. Unless, of course, Jerome Powell specifically declares that the Federal Reserve is going to modify its general attitude, I would view any rally at this point with extreme skepticism. With inflation still raging and as he has previously said, pain would be felt, I simply don't see how that can happen.


It's possible that some analysts will start buying since he didn't hike 100 basis points, but before it's all said and done, it should merely provide a great selling opportunity. It's difficult to say because, quite simply, it seems like optimism is a virtue and that a large portion of Wall Street still has confidence that Jerome Powell will prevent more losses. Unfortunately, inflation is destroying the US economy on Main Street, and nobody seems to be paying attention to this.

Suggestion