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European Commission President Ursula von der Leyen: We must ensure that the future is controlled and shaped by the Iranian people. At the same time, this moment also carries a real risk of instability, potentially pushing the region into a vortex of violence.European Commission President Ursula von der Leyen: With Khameneis death, the Iranian people have rekindled their hope.March 1 - OPEC+ representatives stated that OPEC+ has agreed in principle to increase oil production next month, as the potential conflict triggered by the US-Israeli attack on Iran could drive oil prices further up. Major OPEC+ members (who had previously suspended a series of production increases in the first quarter) will increase production by 206,000 barrels per day in April.March 1 – A small oil tanker under US sanctions for assisting Irans fuel exports was attacked off the northern coast of Oman. This is the first maritime attack since the outbreak of conflict in the Middle East on Saturday. According to Omans maritime security authorities, the tanker "Skylight" was attacked in an area north of the port of al-Haysab. Two ships with the name "Skylight" exist, but only one was present near the Omani coast. The ship was placed on the US sanctions list last year for its role in facilitating Iranian oil exports. Omani authorities stated that the 20 crew members were evacuated, and four were injured. It is unclear who attacked the Skylight off the Omani coast. US Central Command did not immediately respond to requests for comment.The UK Foreign Office has advised issuing warnings for all non-essential travel to Bahrain, Kuwait, Qatar and the UAE.

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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