EUR/USD 1.17925
-0.114%
Gold 3337.85
-0.029%
Oil 64.795
-0.156%
USD/JPY 143.714
0.206%
GBP/USD 1.37407
-0.031%
GBP/JPY 197.480
0.218%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 2, Bank of Americas clients withdrew money from the U.S. stock market at the fastest pace in 10 weeks, reducing their risk exposure. As of the end of June, the S&P 500 index had its best quarterly performance since 2023. Bank of America quantitative strategists including Jill Carey Hall wrote in a report released on Tuesday that last week, all major client groups, including institutions, retail investors and hedge funds, withdrew a total of $1.3 billion from the U.S. stock market. Amid risk aversion in the market, there is growing uncertainty about whether the current rebound can continue. The current rebound has helped the S&P 500 rebound from its tariff-related lows in April and is currently hovering near its highest overbought level since July 2024.Futures July 2 news, 1. WTI crude oil futures trading volume was 579,344 lots, an increase of 58,645 lots from the previous trading day. The open interest was 1,989,281 lots, an increase of 23,959 lots from the previous trading day. 2. Brent crude oil futures trading volume was 96,803 lots, an increase of 3,188 lots from the previous trading day. The open interest was 196,066 lots, a decrease of 940 lots from the previous trading day. 3. Natural gas futures trading volume was 515,431 lots, a decrease of 94,589 lots from the previous trading day. The open interest was 1,499,809 lots, an increase of 8,841 lots from the previous trading day.HSBC: Lowered the target price of Hermès from 2,900 euros to 2,800 euros; lowered the target price of LVMH from 540 euros to 500 euros.Hong Kong-listed Kingsoft Software (03888.HK) plunged sharply in the afternoon and is now down more than 9%.Futures July 2, Economies.com analysts latest view today: In intraday trading, gold prices have fallen, which is a natural corrective trend. EMA50 remains an important technical support level for price movements in the short term. This decline is an attempt to get rid of the obvious overbought conditions on the (Relative Strength Index) RSI, especially with the emergence of negative signals, which may help prices accumulate new bullish momentum and support prices to resume their upward trend. It should be noted that the price has previously broken out of the bearish correction channel. As long as the price remains above the above support level and does not fall below the nearest support level, this will maintain the validity of the bullish view, otherwise it may weaken the expected bullish scenario.

E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Ready to Strike Next Main Top at 34011

Alice Wang

Aug 15, 2022 15:03

微信截图_20220815145533.png


Late in the Friday afternoon, September E-mini Dow Jones Industrial Average futures are trading substantially higher. Expectations of a less rapid pace of future interest rate increases beginning in September are the driving forces behind the rally. The present spending binge was spurred by earlier in the week's weaker-than-anticipated consumer and producer inflation numbers.


September E-mini Dow Jones Industrial Average futures are now trading at 33634, up 330 or +0.99%, at 18:58 GMT. Currently trading at $337.81, the SPDR Dow Jones industrial average ETF is up $4.10 or +1.23%.


Optimism was also fueled by statistics indicating that U.S. consumer confidence increased in August after hitting a record low this summer and that American consumers' expectations for inflation in the near term decreased once again as a result of falling gasoline costs.


The banking sector is up approximately 1.4% to continue its gain for a sixth consecutive week, according to stock market reports. JPMorgan Chase & Co. and Goldman Sachs Group Inc., two Dow components, are up 1.66% and 0.61%, respectively. Walt Disney and Merck & Co. are poised to record the session's biggest increases.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The rise resumed after the transaction passed 33625. The uptrend will be confirmed if a move is made through the next key top at 34011. When a transaction passes over 32342, the primary trend will turn downward.


35405 to 29639 is the primary range. The support that is dictating the short-term direction of the market is between 33202 to 32522, which is the strong side of the market's retracement zone.

Suggestion