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January 12th, Futures News: Economies.com analysts latest view: Brent crude oil futures prices fell during the session, with the market exhibiting volatile trading as it digests the clearly overbought condition on the Relative Strength Index (RSI), especially given the negative signals from related indicators. Currently, prices are accumulating bullish momentum, which may help prices rise again. Meanwhile, Brent crude oil futures remain under dynamic support, with prices trading above the 50-day EMA, further enhancing the likelihood of a price rebound in the near future.January 12th - According to sources, Federal Housing Finance Agency Director Jerry Pulte was a key figure behind the Trump administrations decision to subpoena the Federal Reserve. Some sources indicated that some of Trumps allies were concerned about the move, fearing that the legal action against Fed Chairman Jerome Powell would disrupt the bond market. They also worried that it would prevent Powell from leaving the Fed after his term expires in May. Powell could continue serving as a Fed governor until 2028, but he has not indicated whether he will leave as is customary. Some sources said that some of Trumps senior aides were only informed of the subpoena on Friday night when Powell received it.On January 12th, Google announced on the 11th that it will partner with major retailers such as Walmart to expand the shopping functionality of its Gemini AI model, upgrading the Gemini app from a "smart assistant" to a "virtual merchant" capable of directly completing transactions. The Gemini app will introduce an "instant checkout" feature, allowing consumers to purchase goods from select merchants within the chat interface, without needing to open any external interface. Walmarts incoming president and CEO, John Furner, stated that the shift from traditional web or app search to "agent-driven commerce" represents the next major evolution in the retail industry. Industry insiders believe that the application of AI in e-commerce and its impact on consumer behavior will be a key focus of the conference. Google stated that the shopping functionality of the Gemini AI model will initially be available only to US users, but will expand to international markets in the coming months.On January 12, Clover Biotech (02197.HK) announced that its Pre-F trimeric subunit recombinant protein respiratory combination vaccine candidates SCB-1022 (RSV+hMPV) and SCB-1033 (RSV+hMPV+PIV3), developed based on the companys self-developed Trimer-Tag vaccine R&D platform, have completed the first batch of subject enrollment in Australia and officially started Phase 2 clinical trials.On January 12th, Citigroup pointed out that Indonesias fiscal deficit this year may far exceed the statutory limit, as the government increases spending on the nationwide free meal program and reconstruction projects in flood-stricken provinces of Sumatra. In a report on Monday, Citigroup economist Helmi Arman revised his 2026 budget deficit as a percentage of GDP upward to 3.5% from the initial 2.7%. Citigroups base case assumption is that the government will amend the National Fiscal Law by the second half of this year to relax the long-standing 3% fiscal deficit cap. Arman stated that if the authorities choose to significantly cut spending to maintain fiscal discipline, they may avoid exceeding the limit. He predicts that by 2029, Indonesias debt-to-GDP ratio will rise from approximately 39% in 2025 to 42%.

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.