EUR/USD 1.07918
-0.011%
Gold 3117.87
0.119%
Oil 70.809
-0.086%
USD/JPY 149.730
0.084%
GBP/USD 1.29128
-0.070%
GBP/JPY 193.346
0.031%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Trader: Indias edible oil imports rose 9.3% month-on-month to 968,000 tons in March.On April 2, today, Hong Kong dollar interbank rates fell across the board. The one-month Hibor related to housing mortgages fell for five consecutive days, down 13.84 basis points to 3.4872%, the lowest since May 2, 2023, and reported 3.41071% on that day. Overnight Hibor fell to 2.88119%, the lowest since March 27; one-week Hibor fell to 3.1244%, the lowest since March 19; two-week Hibor fell to 3.22107%, the lowest since September 4, 2023. In early March and after the Feds interest rate meeting, Hong Kong dollar interbank rates had risen continuously. But now they have turned downward continuously. Today, it fell sharply on the eve of Trumps tariffs. Analysts believe that this is the markets response to global uncertainty. As risks increase, investors demand for funds may tend to decline, so interbank rates will decline.Frances government budget in February was -40.3 billion euros, compared with -17.3 billion euros in the previous month.Transneft: The company has suspended a berthing facility at the Black Sea port of Novorossiisk for 90 days following a surprise inspection by the transport regulator.Market News: Vietnam will send its deputy prime minister on a last-minute trip to the United States as tariffs loom.

US Stock Markets Continue to Get Hammered

Skylar Shaw

Apr 26, 2022 10:51


微信截图_20220421095432.png

S&P 500 Technical Analysis

The S&P 500 has dropped down to about 4200 points. The market may fall considerably lower, but we're a touch overextended right now, so a comeback makes sense. As a result, I am more than happy to jump all over a bounce, especially because there is still a lot of pessimism. If we break it down even further, the 4100 level is the next possible goal.


The 200 Day EMA is at 4400 and slanting lower on the upswing. I feel the market will struggle to break above that level, therefore if we can break above the 200 Day EMA, we may be able to turn things around. The Federal Reserve, on the other hand, remains quite hawkish, and this will continue to be one of the most important elements to consider.


Finally, this market seems to be in bad shape, so I'm waiting to see if we have a rebound that shows symptoms of tiredness that we may profit from. Traders will continue to be able to get engaged despite signs of weariness after a short-term rebound. In the end, I believe this is a market that is still quite loud but still favors the downside. Markets will not entirely turn around until we break over the 4500 level. Keep in mind that it's all about the Federal Reserve more than anything else.

Suggestion