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The Bank of Japans meeting minutes revealed that one member stated it wasnt too late to pay closer attention to some hard data during the process of normalizing interest rates. Another member stated that conditions for raising interest rates were gradually being met, but a rate hike should not be implemented now to avoid surprising the market.Bank of Japan meeting minutes: One member stated that the Bank of Japan should support the economy with monetary policy, as the Japanese economy may temporarily stagnate due to the impact of US tariffs.Bank of Japan meeting minutes: The committee members unanimously agreed that there is considerable uncertainty regarding the development of trade policy and its impact on the economy.Bank of Japan meeting minutes: Committee members unanimously agreed that current real interest rates are very low, and the Bank of Japan may continue to raise interest rates if its economic and price forecasts are realized.Gold prices edged higher on November 5th, driven by a potential technical rebound. A research report from Bart Melek, head of commodity strategy at TD Securities, stated that gold consolidating in the lower trading range of $3,800-$4,050 per ounce is not surprising. The ideal environment for a gold bull market has been eroded by recent uncertainty surrounding the prospect of a Fed rate cut and concerns about buying interest. However, after consolidation, the average gold price could reach a new quarterly high above $4,400 per ounce in the first half of 2026.

S&P 500 Price Forecast – S&P 500 Futures Pulled Back

Skylar Shaw

May 17, 2022 10:29

Analysis of the S&P 500

During Monday's trading session, the S&P 500 dipped slightly as the futures market remained very volatile. It's understandable that we'd prolong the broader slump by pulling back in this manner. After all, inflation, a weakening economy, and, of course, contagion from other markets are still major worries. Large funds are being forced to sell other holdings to compensate losses, which has a "knock-on" impact.


I expect a lot of resistance between 4100 and 4150. The commotion continues all the way to the 4300 level, where the 50 Day EMA is now trading. To put it another way, we have a lot of potential opposition to overcome in order to shift the general trend, and I honestly don't see myself buying this market anytime soon. On the downside, we might soon turn our attention to the 3900 level, which has previously provided some support.


Breaking through the hammer just below there would open the floodgates to further lower prices, which, to be honest, wouldn't surprise me at this point. It's worth noting that the Friday candlestick was bullish, but with minimal volume, and was most likely a "short covering rally" going into the weekend. Only volatility can be predicted.

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