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Ukrainian President Zelensky: Putin may try to get rid of the deadline, which is his favorite move.Xpeng Motors (XPEV.N): Deliveries reached 271,615 vehicles in the first eight months of 2025.Futures market data from September 1st: In the short term, precious metals are expected to fluctuate due to multiple factors, including the independence of the Federal Reserve, US tariffs, and geopolitical tensions. Trumps recent dismissal of a Fed governor has undermined market confidence in the Feds monetary policy independence. The renewed escalation of the US-India tariff conflict will drive further capital flows into the gold market. Last weekends US-Ukraine talks, which discussed the possibility of peace talks between Russia and Ukraine, have reduced geopolitical tensions and eased risk aversion. From a medium- to long-term fundamental perspective, US tariffs and trade policies are slowly driving up inflationary pressures in the US, with tariff costs gradually being passed on to consumers. PCE inflation data is in line with market expectations, indicating that the tariff impact remains manageable. Market expectations remain high for a September interest rate cut. The continued expansion of US debt has raised international concerns about the sustainability of US fiscal policy. Precious metals are increasingly becoming a safe-haven asset for investors, with their financial and safe-haven attributes providing long-term support for their prices. We expect a volatile upward trend in the future, and recommend a medium- to long-term long position.Japans final manufacturing PMI for August was 49.7, compared with 49.9 in the previous month.Xpeng Motors (XPEV.N): In August, Xpeng Motors delivered a total of 37,709 smart electric vehicles, a year-on-year increase of 169% and a 3% increase from the previous month, setting a new record for monthly deliveries.

Price Action Suggests Momentum Shifting to Down

Steven Zhao

Jul 25, 2022 15:57



After the session's midpoint on Friday, September E-mini S&P 500 Index futures started to move down as the benchmark index was hampered by a poor performance in the technology sector. Poor results by Twitter and Snap were the main drivers of the sell-off, which sparked a wave of selling in social media companies.


September E-mini S&P 500 Index futures are now trading at 3949.00, down 52.25 or 1.31 percent, as of 17:53 GMT. The S&P 500 Trust ETF (SPY) is down $5.49 or 1.38 percent, trading at $393.30.


Early in the morning, the market suffered from Twitter and Snap's dismal quarterly sales. By mid-session, Twitter was down 1.2 percent, and Snap's shares had fallen about 40%.


Meta Platform Inc. and Alphabet Inc., two industry leaders in online advertising, saw their shares fall by 7.5% and 5.6%, respectively, hurting the NASDAQ.


According to Reuters, a poll released on Friday revealed that U.S. business activity fell in July for the first time in almost two years, adding to worries about an economy that is being stymied by high inflation, increasing interest rates, and declining consumer confidence.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The intraday price movement, however, indicates momentum could be swinging downward.


A move through 4016.25 will indicate that the uptrend has resumed. The primary trend will switch to down if a transaction is made through 3723.75.


The middle range is 4204.75 to 3639.00. The index is now challenging the 3821.75 to 3988.75 retracement range.


The minor range is 3723.75 to 4016.25. A possible objective on the downside is its 50 percent mark at 3870.00.


3639.00 to 4016.25 is the short-term range. The last possible support before the big bottom at 3639.00 is located in its retracement range, which runs from 3815 to 3773.50.

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