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On September 7, Russian Foreign Ministry spokeswoman Maria Zakharova issued a statement saying that the US deployment of a medium-range missile launch system in Norway is yet another serious destabilizing move by NATO countries. Zakharova said the MK-41 launch system deployed in Norway can launch multi-purpose missiles to strike land and sea targets. The system can launch Tomahawk long-range cruise missiles, and its deployment in the Nordic countries can cover large swathes of Russian territory, including Moscow. Zakharova stated that the US deployment of land-based medium-range missiles in Europe, which threaten Russia, "undermines the foundation for constructive dialogue between Russia and the US on strategic issues."On September 7, local time, Russian Presidential Press Secretary Dmitry Peskov stated that Russia does not rule out resuming trilateral talks with the United States and Ukraine, but the location and timing are still uncertain. Peskov also stated that it is possible that Russian President Vladimir Putin and US President Donald Trump may hold a telephone conversation after the US presidential envoys visit to Moscow and Kyiv. Furthermore, Peskov emphasized that the Kremlin currently has no information regarding the outcome of negotiations between US presidential envoy Sergei Witkov, US President Trumps son-in-law Jared Kushner, and the Ukrainian leadership. When asked about the extent of the differences between the new US proposal and the consensus reached by Russian and US leaders Anchorage, Peskov did not answer.September 7th - Research from the Federal Reserve Bank of New York indicates that the decline in the dollars share of foreign exchange reserves does not reflect a widespread reallocation of dollar holdings, but rather the actions of a few reserve managers. Last year, the dollar accounted for 56% of official currency reserves, down from 64% a decade ago. While this change is often cited as evidence of widespread de-dollarization, Fed researchers say their research shows that the number of countries increasing and decreasing their dollar holdings has been roughly equal over two distinct periods since 2015. Linda S. Goldberg and Sneha Parthasarathy wrote in a blog post last week, "There is little evidence of a widespread trend of official diversification and dollar reduction."On September 7, Iranian Foreign Ministry spokesman Baghae stated that a Qatari delegation visited Tehran on the 6th and held "good talks" with Iranian Foreign Minister Araghchi, discussing issues such as easing regional tensions. According to Irans Fars News Agency on the 7th, Baghae, in response to a question about the Qatari delegations visit, said that Iran hosted delegations from Oman, Pakistan, and Qatar last week. Irans engagement with some regional countries continues, and these countries have been committed to helping to ease tensions.Oman says it has evacuated 16 crew members from the Saudi SIDR vessel, which was attacked by Iran.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.