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According to Iranian state media, Irans chief negotiator, Qalibaf, told US President Trump: "If you provoke us, we will fight back; if you treat us with reason, we will treat you with reason."According to Iranian state media, Irans chief negotiator, Qalibaf, stated regarding US President Trumps new threats that such threats have no effect on the Iranian nation.According to Iranian state media, Irans chief negotiator, Qalibaf, stated that Iran has put forward several positive initiatives that fully demonstrate its sincerity, and these initiatives have promoted progress in the negotiations.April 13th - According to the Financial Times, sources revealed that the UK will not participate in the US blockade of the Strait of Hormuz. On Sunday, US President Trump claimed in an interview with Fox News that the US Navy would blockade the vital Strait of Hormuz after the failure of US-Iran peace talks. The US will deploy more minesweepers to the Strait of Hormuz. NATO also "wants to help clear the strait," and according to the source, the UK and other countries are also sending minesweepers. A British government spokesperson stated that day: "We continue to support freedom of navigation and the openness of the Strait of Hormuz, which is crucial to supporting the global economy and alleviating the cost of living domestically. There must be no tolls on navigation in the Strait of Hormuz. We are working urgently with France and other partners to form a broad coalition to protect freedom of navigation."A British government spokesperson stated that no fees should be charged for passage through the Strait of Hormuz.

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.

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