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On March 26th, Benjamin Louvet, an analyst at Aofi Investment Asset Management, stated in a report that the Federal Reserve may face a dilemma regarding its dual mandate of employment and inflation: should it raise interest rates to combat inflation, or should it lower interest rates to support economic growth and employment? The head of commodities stated, "Since raising interest rates cannot mitigate supply shocks without harming economic growth, the Fed seems unlikely to choose to raise rates." Furthermore, declining incomes in Gulf states, major buyers of US Treasury bonds, could weaken US debt financing and force the Fed to lower interest rates or even resume bond purchases to support the economy.On March 26, Jiufang Smart Investment Holdings (09636.HK) announced that the Groups total order amount was approximately RMB 3.955 billion, an increase of approximately 12.8% compared to approximately RMB 3.506 billion in the same period last year. The Groups total revenue was approximately RMB 3.43 billion, an increase of approximately 48.7% compared to approximately RMB 2.306 billion in the same period last year. Adjusted profit for the year under non-Hong Kong Financial Reporting Standards was approximately RMB 1.022 billion, an increase of approximately 191.8% compared to approximately RMB 350 million in the same period last year. Profit attributable to shareholders was approximately RMB 922 million, an increase of approximately 238.5% compared to approximately RMB 272 million in the same period last year. The Board of Directors recommended a final dividend of approximately HKD 169 million, or HKD 0.36 per share (cash).According to Hong Kong Stock Exchange documents, Xiamen Ruwei Information Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.A senior Iranian official said: Diplomacy has not stopped. If the United States can return to realism, it may still be able to find a way forward.A senior Iranian official stated that Irans assessment of the "15-point proposal" is that the agreement is "one-sided and unjust," serving only the interests of the United States and Israel. The proposal lacks the minimum requirements for success.

E-mini NASDAQ-100 Index In Position to Challenge Next Main Top at 12973.75

Alice Wang

Jul 22, 2022 15:36



Late in the session on Thursday, September E-mini NASDAQ-100 Index futures are trading higher, putting the index in a position to notch its third consecutive gain and the fifth higher session out of six. As initially fluctuating between gains and losses, the technology-focused index gained momentum after Tesla jumped 9.78 percent after its quarterly reports.


September E-mini NASDAQ-100 Index futures are now trading at 12591.25, up 126.00 or 1.01 percent, at 18:45 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $307.43, an increase of $4.40 or 1.45%.


Tesla may have been the session's top gainer, but shares of NetEase Inc., ASML Holding NV, and CSX Corp. all increased significantly during that time, rising 6.16 percent, 5.41 percent, and 4.24 percent, respectively.


The weekly initial unemployment claims reached a new eight-month high in the United States, while a measure of manufacturing activity in the mid-Atlantic area for July fell to its lowest level in just over two years.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The uptrend will be confirmed if a transaction is made through the intraday high of 12621.00, with the next major peak objective being 12973.75. The primary trend will switch to down if a transaction is made through 11479.25.


The midpoint is between 14327.50 and 11068.50. Its retracement range, from 12698.00 to 13082.50, is the main region to aim for on the upside.


The immediate range is between 12973.75 and 11068.50. The index is now trading between 12246.00 to 12021.00, which is support, on the high side of its retracement zone.

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