EUR/USD 1.16067
-0.038%
Gold 4320.74
0.099%
Oil 99.112
-1.408%
USD/JPY 154.497
0.053%
GBP/USD 1.35028
-0.058%
GBP/JPY 208.619
-0.008%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 11, it was reported that, to strengthen the source governance of portable power bank products, the State Administration for Market Regulation revised and released a new version of the "Implementation Rules for Compulsory Product Certification: Portable Power Banks, Lithium-ion Batteries, and Battery Packs" on May 25. Recently, relevant certification bodies have issued the first batch of 32 3C certification certificates in accordance with the new implementation rules.Tip: US President Trump concludes his speech at the Republican National Convention.US President Trump: We control the Strait of Hormuz, which I call the "Trump Strait".US President Trump: We have taken over Venezuela’s oil – 65 billion barrels of oil.September 11 - A Reuters poll indicates that the impact of Middle East conflict on rising oil prices is being offset by government subsidies, and Japans core inflation rate is expected to remain stable in August. Japans national CPI is projected to rise 1.8% year-on-year in August, while core CPI is expected to remain flat compared to July, still below the Bank of Japans 2% inflation target. Ryohei Ikeda, an analyst at Mizuho Research Institute, stated that rising crude oil and naphtha prices are increasingly being passed on to consumer prices, especially for daily necessities, which will push up inflation. However, subsidies for electricity and gas bills will act as a factor in suppressing inflation. Japans Ministry of Internal Affairs and Communications will release CPI data on Friday, September 18, and the Bank of Japan will announce its interest rate decision a few hours later.

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