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MINIMAX-W (00100.HK) fell by more than 10%.Iranian Foreign Ministry spokesman: Those parties that provided territory, bases and infrastructure in Europe to the US and Israel for military operations cannot escape their responsibility for complicity and its consequences.Iranian Foreign Ministry spokesman: NATO Secretary General Rutte has repeatedly acknowledged the involvement of European countries in the military aggression against Iran, which once again confirms that Europe is not neutral in this war.July 9th - Goldman Sachs predicts that if the 60-day negotiations continue and Iranian oil waivers are reinstated, oil flows in the Persian Gulf will recover by the end of July, requiring an additional 6.6 million barrels per day to be transported through the Strait of Hormuz. However, if negotiations break down, tanker attacks escalate, and the US may impose a blockade on Iranian oil, Persian Gulf flows could decline further.On July 9, Irans Permanent Representative to the United Nations, Illavani, sent a letter on July 8 to UN Secretary-General António Guterres and the Security Councils President for the month, Zenon Ngai Mukongo, Permanent Representative of the Democratic Republic of Congo to the UN, condemning in the strongest terms the United States repeated acts of aggression and its continued violations of the UN Charter and other norms of international law. The letter stated that the latest round of US aggression blatantly violates relevant provisions of the UN Charter and contravenes the provisions of the Islamabad Memorandum of Understanding. The USs repeated and deliberate violations of its commitments fundamentally betray the Memorandum of Understanding and must bear full international responsibility for all legal and political consequences arising from its illegal actions and the dangerous escalation of the situation. Given the seriousness of the situation, Iran reiterated the responsibilities entrusted to the UN Secretary-General and the Security Council by the UN Charter, particularly in cases involving aggression and threats to international peace and security. Iran urgently called on the Secretary-General and the Security Council to take immediate, effective, and decisive measures to compel the United States to cease its continued illegal acts of aggression and prevent further escalation.

S&P 500 Price Forecast – S&P 500 E-mini Contract Sits on 50-Day EMA

Alice Wang

Dec 13, 2022 17:28


Technical Analysis of the S&P 500

Since a few days ago, the S&P 500 E-mini contract has been trading on the 50-Day, and Monday was no exception. We are currently squeezed between the 200-Day EMA above and the 50-Day EMA below. You can see from this chart that the 50-Day EMA might enter the picture and provide some support, but we still need to get through a few big announcements in the coming days.


The Consumer Price Index, which will be released on Tuesday, will be the first one. Inflation is monitored closely by the central bankers in the United States, making it a highly significant indicator. Following that, we have the Federal Reserve meeting on Wednesday, which will undoubtedly have an impact of its own. The ECB must now be taken into consideration, even if it will have less of an impact than the Fed at this stage.


We must now begin to worry about liquidity at this stage. Fund managers may use some window dressing at the end of the year to attempt to convince all of their customers that they possess the proper assets, but there will also be buyback blackouts, which will prevent businesses from repurchasing their own stock. In that case, a significant stock buyer may have just left.


Because of this, I believe that the possibility of a move lower than higher is greater than it is for a move higher. However, as of right now, I don't believe that there will be a significant move between now and New Year's Day.

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