EUR/USD 1.15248
-0.732%
Gold 4318.68
-3.497%
Oil 88.549
-2.697%
USD/JPY 160.177
0.098%
GBP/USD 1.33372
-0.643%
GBP/JPY 213.636
-0.547%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hong Kong Financial Secretary Paul Chan Mo-po announced today (June 7) that the "AI+ and Industrial Development Strategy Committee," established as announced in the budget, has been successfully formed. Members include experts, academics, and representatives from chambers of commerce, businesses, and industrial parks. The committee will hold its first meeting this month. Given the broad scope of AIs potential applications, the committee will initially focus not only on life sciences and empathic intelligence but also on strategies for applying AI to various sectors, such as transportation, culture and creative industries, and sustainable development.On June 7, according to the Islamic Republic News Agency (IRNA), Iranian First Vice President Ariff stated that all senior officials are completely aligned on Irans negotiating strategy and refuted any claims of disagreement regarding the negotiating text or agenda. Ariff stated that Tehran has adopted a clear and coordinated approach in the negotiations. He said, "Iran has developed a clear strategy in the negotiations, and all officials are implementing it in a fully coordinated manner." He added that officials "have no disagreement on the negotiating text and agenda." He was referring to the ongoing indirect negotiations between Iran and the United States, aimed at permanently ending the war waged by the United States and Israel against Iran. Ariff also emphasized Irans experience in dealing with two wars, stating that Iran has drawn valuable crisis management experience from them.June 7th - According to Nikkei, while major cities worldwide are expanding their tree cover to curb rising summer temperatures related to climate change, the number of street trees in Japan has plummeted from its peak, with a shift towards planting species with limited canopy growth. According to statistics from the University of Tokyo, Tokyos canopy cover (the percentage of land area covered by branches, trunks, and leaves) has decreased from 9.2% in 2013 to 7.3% in 2022. This means that approximately 12 square kilometers of shaded area disappeared during this period, roughly equivalent to 250 large baseball fields. Even Phoenix, the capital of Arizona, a desert-surrounded city, has a higher tree cover than Tokyo, reaching 11% in 2024.British Airways CEO said that if fuel costs remain high, airfares will rise again.June 7th - According to recent news from Japan, due to the deteriorating situation in the Middle East, aviation fuel prices continue to rise. All Nippon Airways (ANA) and Japan Airlines (JAL) have basically decided to significantly increase fuel surcharges for international routes booked in July and August. The one-way fuel surcharge for North American and European routes booked in May and June has already reached 56,000 yen (approximately 2,363 yuan), and is expected to increase further, potentially breaking the record and reaching 65,000 to 70,000 yen (approximately 2,743 to 2,954 yuan). The specific increase is currently being coordinated with the Ministry of Land, Infrastructure, Transport and Tourism and other departments, and will be finalized soon. It is understood that ANA and JAL have already significantly increased their international fuel surcharges for June, with an increase of over 70% compared to April and May.

E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis

Cory Russell

Aug 18, 2022 14:42



August E-mini Early on Thursday, the Dow Jones Industrial Average futures are edging down after the previous session ended their five-day winning run. The price movement indicates that the current boom could be waning.


Deflating Target earnings news caused the blue chip average to fall early in the session on Wednesday. Despite the fact that the stock is not a part of the Dow, the news had a depressing effect on market mood.


A mixed data on U.S. retail sales later in the afternoon failed to excite investors since it increased the likelihood that the Fed will raise interest rates by 75 basis points in September.


However, the transaction was impacted by the Fed minutes. Trading lowered the likelihood of a 75 basis point rate rise and boosted the likelihood of a 50 basis point rate hike since it was seen as less hawkish. The E-mini Dow was able to rise over its intraday low thanks to this.


September E-mini Dow Jones Industrial Average futures are now trading at 33937, down 26 or -0.08%, as of 04:54 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) finished Wednesday's trading session at $340.21, down $1.53 or -0.45%.

Looking Forward

Following the Wednesday Closing Bell, Dow component Cisco increased by more than 3% as a consequence of the publication of its fiscal fourth-quarter earnings. This action may have provided a little floor for the market, but it wasn't noteworthy enough to raise prices.


A deluge of U.S. economic data, including the Philly Fed Manufacturing Index, Weekly Unemployment Claims, Existing Home Sales, and the Conference Board's Leading Index, will be available for traders to respond to later today.


The Philly Fed data may be the most important, particularly if it is far worse than expected, as the Empire State Manufacturing Index was on Monday.


Technically speaking, the Dow may be running a bit too hot, which might give the Fed cause to try to aggressively raise interest rates in an effort to bring it down.

Suggestion