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As of 10:23 on August 24, in terms of capital inflows into domestic futures main contracts, Shanghai Gold 2610 saw an inflow of 1.004 billion yuan, Shanghai Copper 2610 saw an inflow of 933 million yuan, and Lithium Carbonate 2701 saw an inflow of 856 million yuan. In terms of capital outflows, CSI 1000 2609 saw an outflow of 7.601 billion yuan, CSI 2609 saw an outflow of 4.226 billion yuan, and CSI 2609 saw an outflow of 3.337 billion yuan.Gold prices rose to their highest level in over three months on Monday, supported by a weaker dollar, as market focus shifted to key US inflation data and Federal Reserve Chairman Warshs speech later this week. Tim Waterer, chief market analyst at KCM Trade, said gold started the week strongly, regaining buying support, primarily driven by a weaker dollar. The market is also paying closer attention to signals that rising yields may signal underlying economic pressures and policy uncertainty. The market will be watching the July PCE price index and Warshs speech at the Jackson Hole symposium this week for new clues about the interest rate outlook. "Traders will be closely watching for any changes in his tone regarding the policy path and how that rhetoric resonates with recent bond market movements. A balanced or cautious tone, leaving room for policy flexibility, could open the door for further gains in gold prices."August 24th - US long-term interest rates are rising, currently at levels roughly equivalent to those before the 2008 global financial crisis. Moodys Analytics chief economist Mark Zandi stated that the Iran war is the primary reason driving up long-term interest rates. However, he added that the Federal Reserve is also a contributing factor. Fed Chairman Warsh seems to believe that the Fed should not comment on forward guidance or even its policy response function, which is also pushing up long-term interest rates. Because this approach increases uncertainty, bond investors are demanding higher yields as compensation.Data from the UK National Grid shows that the Hisham 2-7 nuclear reactors have been restored to grid operation after being shut down.On August 24th, it was reported that the State Administration for Market Regulation (National Standardization Administration) has released over 2,800 national standards this year, of which over 1,400 are for emerging industries, accounting for more than 50%, effectively supporting the vigorous development of new productive forces. Specifically, the new generation information technology industry and the new materials industry each released over 300 national standards. Standards such as "Multimodal Data Format for Brain-Computer Interface" and "Intelligent Classification of Artificial Intelligence Terminals" have set cutting-edge benchmarks for the development of the information technology industry; standards such as "High-Strength Crack-Arresting Steel Plate for Marine Use" and "Polyacrylonitrile-Based Oxidized Fiber" have promoted the industrialization of new materials. The new energy industry and the energy conservation and environmental protection industry each released over 100 new national standards. The "Safety Requirements for Electric Vehicles" and "Safety Requirements for Power Batteries for Electric Vehicles," dubbed the "strictest ever," promptly addressed public concerns about the safety of new energy vehicles. In addition, a number of important standards were released, such as "Requirements for Mechanical Interface of Flat-Plate Stacked Satellites and Rockets" and "Specifications for Flight Management and Service Information Interaction of Unmanned Aerial Vehicles," effectively meeting the urgent needs of emerging industries such as aerospace and low-altitude economy.

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.

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