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June 5th - Lindsay Rosner, Head of Multi-Sector Fixed Income Investments at Goldman Sachs Asset Management, commented on the US non-farm payrolls: Recent data suggests we are increasingly confident that the Federal Reserve does not need to worry about labor market issues. The Fed will "focus on inflation, and ultimately, what will determine the Feds next move will be how long this (Iran) war lasts."June 5th - According to foreign media reports, Mays non-farm payroll data far exceeded market expectations, causing the US interest rate futures market to significantly increase its bets on a Federal Reserve rate hike at its December meeting. According to LSEG data, the interest rate futures market currently projects a 65% probability of a Fed rate hike in December, up from 48% before the jobs report was released. For the June meeting, the market still widely expects the Fed to keep interest rates unchanged in the 3.50% to 3.75% range. The stronger-than-expected jobs data indicates the continued resilience of the US labor market and further weakens market expectations for a near-term rate cut, while strengthening investors assessment that the Fed may resume rate hikes in the future to address inflationary pressures.Market news: Hillhouse Capital is about to complete its acquisition of a stake in LRQA Group, which is backed by Goldman Sachs.June 5th - Analyst Jersey commented on the US non-farm payrolls: Its difficult to describe the job market as weak. For the interest rate market, the risk leans more towards rate hikes, while the likelihood of rate cuts decreases. Kevin Warsh will find it difficult to persuade other members of the Federal Reserves Monetary Policy Committee to lower interest rates. We dont believe a rate hike is imminent, but if we see several more job increases like this, several rate hikes will become our baseline scenario.On June 5th, at the 2026 Qualcomm Automotive Technology and Cooperation Summit, Qualcomm Technologies, together with ecosystem partners including Chemmax Technology, CarLink, Banma Smart, Desay SV, Magnatec, and ThunderSoft, announced the Claw ecosystem plan for automotive AI. Through this plan, Qualcomm Technologies and its ecosystem partners are committed to directly deploying AI agents and multimodal large models to vehicles.

E-Mini Dow: Expecting Choppy Trade Ahead of Apple Earnings

Cory Russell

Apr 28, 2022 10:28

Following yesterday's sharp sell-off, which was fuelled by fears of an economic slowdown, June E-mini Dow Jones Industrial Average futures are creeping up early Wednesday. Microsoft is assisting in reducing the impact of Tuesday's drop. After the bell, the business released results that topped expectations.


June E-mini Dow Jones Industrial Average futures are up 260 points, or 0.78 percent, at 06:23 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) closed at $332.29 on Tuesday, down $8.27 or 2.43 percent from its previous close.

On Both the Top And Bottom Lines, Microsoft Exceeded Expectations

Microsoft's stock soared as much as 6% in extended trading on Tuesday after the software giant reported fiscal third-quarter profits that above analysts' estimates and provided an upbeat forecast for the current quarter.


The Dow's Components Will Be More Volatile in the Future On Wednesday, Apple and Boeing will release their profits. Investors will also be looking for the latest information on weekly mortgage applications, foreign trade, and pending house sales on the economic front.

Technical Analysis of a Daily Swing Chart

According to the daily swing chart, there is a downward trend. The return of the decline will be indicated by a trade through 33081. The primary trend will shift upwards if 35413 is crossed.


There is a little downward tendency. The minor trend will be reversed if 34038 is crossed. The momentum will change to the upward as a result of this.


32086 to 35413 are the short-term ranges. The E-mini Dow is now trading near resistance from 33357 to 33750, which is the lower end of its retracement zone.

Technical Prediction on Daily Swing Chart

Early Wednesday, market response to 33357 will likely influence the direction of the June E-mini Dow Jones Industrial Average.

Possibility of Growth

The presence of buyers is shown by a persistent advance over 33357. Look for a burst through the short-term 50 percent mark at 33750 if this move is able to produce enough upward momentum. The E-mini Dow will be able to test the minor high at 34038 if it can break through this level.

A Pessimistic Prospect

The existence of sellers will be shown by a persistent advance beneath 33357. This might result in a retest of the 33081 low from yesterday.


The sellers have returned if you take out 33081. This might set the stage for a rapid drop to 32578, the next major low.

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