EUR/USD 1.18690
-0.011%
Gold 4987.02
1.327%
Oil 62.593
-0.245%
USD/JPY 153.108
0.246%
GBP/USD 1.36198
-0.015%
GBP/JPY 208.534
0.240%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 13th, Futures News reported that regarding refining costs, crude oil prices rose due to geopolitical risk premiums, resulting in high refining costs. Gasoline wholesale prices rebounded before the holiday, leading to a corrective improvement in the gasoline refining spread. Diesel demand remained weak, with wholesale prices hovering at low levels, causing the diesel refining spread to continue declining. As of the crude oil closing price on February 11th: the domestic gasoline refining spread was 791.74 yuan/ton, a rebound of 63.23 yuan/ton compared to the end of January; the domestic diesel refining spread was 214.31 yuan/ton, a decrease of 51.54 yuan/ton compared to the end of January. The high crude oil costs are unlikely to diminish their suppressive effect on gasoline and diesel refining spreads in the future.February 13th - The National Hydrogen Energy Storage and Transportation Equipment Quality Inspection and Testing Center (Guangdong) has recently received formal approval from the State Administration for Market Regulation for its establishment. The Guangdong Provincial Special Equipment Inspection and Research Institute (Guangdong Provincial Special Equipment Accident Investigation Center), under the Guangdong Provincial Administration for Market Regulation, is responsible for its construction. The establishment of this center is an important measure by the State Administration for Market Regulation to promote the construction of a manufacturing powerhouse and a quality powerhouse, marking a new stage in the high-quality development of the hydrogen energy industry in South China. Located in Foshan, a hydrogen energy industry cluster, the center will provide crucial support for the safe development, technological innovation, and standard setting of the hydrogen energy industry in the Guangdong-Hong Kong-Macao Greater Bay Area and even nationwide.Japanese Finance Minister Satsuki Katayama: The next fiscal budget is likely to be very different from previous budgets.Japanese Finance Minister Satsuki Katayama: (in response to comments from Japanese Prime Minister Sanae Takaichi regarding past policies being overly restrictive) Previous budgets did not take into account rising prices and labor costs.Hong Kong-listed AI application stocks showed divergent trends again. Haizhi Technology (02706.HK) surged over 224% on its first day of trading, Zhipu (02513.HK) rose over 13.5%, accumulating a 125% gain this week, and MINIMAX-WP (00100.HK) rose over 10%, accumulating a 42% gain this week. Both stocks total market capitalization exceeded HK$210 billion, and MicroPort Robotics (02252.HK) rose over 9%. On the other hand, Tencent Music (01698.HK) fell over 9.5%, Mobvista (01860.HK) fell over 5%, Meitu (01357.HK) fell over 4%, and Baidu (09888.HK), Meituan (03690.HK), and Kingsoft Cloud (03896.HK) all fell over 3%.

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.

Suggestion