• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The UKs BRC shop price index rose 1% year-on-year in October, compared with 1.40% in the previous month.Market news: Nvidia CEO Jensen Huang will meet with Samsung and Hyundai executives on October 30.1. All three major U.S. stock indices closed higher, with the Dow Jones Industrial Average up 0.71%, the S&P 500 up 1.23%, and the Nasdaq up 1.86%. Nvidia rose nearly 3%, and Apple rose over 2%, leading the Dow. The Wind S7 Index rose 2.4%, with Tesla up over 4%, Google up over 3%, and Qualcomm up over 11%, reaching a new high since July 2024. Most Chinese concept stocks rose, with Daquan New Energy up over 14% and Xpeng Motors up over 6%. The temporary easing of international trade tensions boosted market confidence. This week, investors focused on the earnings reports of several tech giants and the Federal Reserves interest rate meeting. 2. All three major European stock indices closed slightly higher, with Germanys DAX up 0.28%, Frances CAC 40 up 0.16%, and the UKs FTSE 100 up 0.09%. The basic consensus reached in Sino-U.S. trade negotiations boosted market risk appetite. 3. U.S. Treasury yields fell across the board, with the 2-year Treasury yield down 0.64 basis points to 3.482%, the 3-year Treasury yield down 1.40 basis points to 3.480%, the 5-year Treasury yield down 1.92 basis points to 3.595%, the 10-year Treasury yield down 3.46 basis points to 3.976%, and the 30-year Treasury yield down 5.02 basis points to 4.549%. Market expectations of a Fed rate cut, coupled with a lack of economic data due to the government shutdown, have intensified safe-haven demand. 4. International precious metal futures generally closed lower, with COMEX gold futures down 3.40% to $3,997.00 per ounce and COMEX silver futures down 3.61% to $46.83 per ounce. Expectations of a Fed rate cut have intensified, but easing international political tensions have reduced safe-haven demand. The increasing U.S. government debt burden provides long-term support for gold. 5. The main contract of U.S. oil closed up 0.08% at $61.55 per barrel; the main contract of Brent crude oil fell 0.25% to $65.04 per barrel.On October 28th, Pony.ai announced on the Hong Kong Stock Exchange that it plans to issue 41,955,700 shares (subject to the exercise of the Offer Size Adjustment Option and the Over-allotment Option) for its Hong Kong listing. Unless otherwise announced, the offer price will not exceed HK$180 per share. Trading of the shares on the Hong Kong Stock Exchange is expected to begin on November 6th (the same date as competitor WeRide).According to Japans Asahi Shimbun: Japan and South Korea are coordinating arrangements to hold the first summit meeting between Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae-myung on October 30 during the APEC summit in South Korea.

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.