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On August 27th, according to the Financial Times, Israel is considering expelling British and other European officials from the US-led Gaza Reconciliation Center in retaliation for their criticism of the Netanyahu governments policies on Palestinian territories. Sources indicate that the Israeli government has discussed expelling Britain from the International Gaza Support Center (IGSC) in recent weeks. This center is a multinational coordination headquarters established to monitor the US-brokered ceasefire agreement between Israel and Hamas. Israel has also considered similar measures against Italy and Germany. Headquartered in southern Israel, the IGSC is led by US military officials who work with the Israel Defense Forces and dozens of military and diplomatic officials from approximately 50 countries and international organizations. Israeli Foreign Minister Saar announced this week the expulsion of the Dutch representative from the center because the Netherlands decided to boycott products from Israeli settlements in the occupied West Bank, East Jerusalem, and the Golan Heights. Israel also expelled the Spanish representative from the IGSC this year, citing "persistent anti-Israel bias."On August 27th, Qantas Group released its 2026 fiscal year annual report, showing that its after-tax profit fell by nearly 20% year-on-year due to increased fuel costs driven by the Middle East conflict. The report showed that for the fiscal year ending June 30th, the groups pre-tax profit was A$2.06 billion (approximately US$1.40), a decrease of 13.8% year-on-year; after-tax profit was A$1.29 billion, a decrease of over 19% year-on-year. Qantas Group CEO Vanessa Hudson said that the groups fuel costs increased by A$610 million in the fiscal year due to higher fuel prices caused by the Middle East conflict.According to the Financial Times, Israel is considering expelling British officials from its post-war Gaza headquarters. The Israeli government has discussed removing Britain from the International Gaza Support Centre in recent weeks.According to the Financial Times, EU countries are restarting their plans to use frozen Russian assets to aid Ukraine.August 27th - From 8:00 AM on August 26th to 8:00 AM on August 27th, according to monitoring by the Guangxi Hydrological Center, heavy to torrential rain fell in parts of Beihai, Nanning, Yulin, Hechi, Fangchenggang, Qinzhou, and Chongzuo, with localized areas experiencing extremely heavy rain. The highest daily rainfall was recorded in Pingyang Town, Yinhai District, Beihai City, at 147.5 mm. As of 8:00 AM on the 27th, 16 stations on 10 rivers in Guangxi, including the Zuojiang River and its tributary Kelan River, the Mingjiang River and its tributary Pailian River, and the Yujiang River and its tributary Qinglongjiang River, were still above warning levels by 0.10 to 7.47 meters. The Guangxi Hydrological Center predicts that in the next 24 hours, the water level of the Yujiang River from Nanning city to Guigang city will continue to rise by 0.2 to 0.5 meters, with the Nanning city section of the Yujiang River (warning level 73.0 meters) expected to exceed the warning level by about 2.3 meters. The Qingshui River, Diaojiang River, and Beizhijiang River, tributaries of the Hongshui River, and the Mengjiang River and Liyujiang River, tributaries of the Yujiang River, may experience water level rises of 1 to 4 meters, with some sections potentially exceeding warning levels. Some small and medium-sized rivers in Nanning, Guigang, Laibin, Fangchenggang, Qinzhou, Beihai, and Hechi cities may also experience floods exceeding warning levels.

S&P 500 Price Forecast – S&P 500 Finds Its Footing Finally

Eric Stanberg

Dec 21, 2022 16:26

Technical Analysis of the S&P 500

The S&P 500 E-mini contract dropped somewhat during Tuesday's trading session, but it also found enough support close to the 3800 low to reverse course and begin to show signs of life. As a result, it seems that we will attempt to move in the direction of the 50-Day EMA and even make a push for even higher levels if the US dollar can continue to decline.


On the other side, if we go below the candlestick's bottom, it will unleash a wave of selling pressure.


When there are so many economic worries out there, I'm more than happy to fade rallies that are showing symptoms of tiredness, particularly since the market needs to factor in the possibility of a worldwide recession. Nevertheless, a recovery makes a lot of sense since we are a little oversold in the near term. I want to profit from that rebound, but I also understand that liquidity is going to be very scarce for the next week or two, so this may even be a setup that works out for me early in the next year.


Having said that, I would be more than prepared to short the market right now if we should break down on Tuesday below the day's bottom of the candlestick. You could make a good move by playing the bounce from here, but it would be dangerous to say the least, and I am more than willing to wait for a better chance.

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