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A Reuters poll of 28 economists showed that 22 of them expect the Reserve Bank of New Zealand to raise interest rates by 25 basis points on July 8, bringing the rate to 2.50%.A Reuters poll of 26 economists showed that 14 of them expect the Reserve Bank of New Zealand to raise interest rates by another 25 basis points by the end of September, bringing the final rate to 2.75%, following the July monetary policy meeting.Ukrainian President Zelensky: Intelligence indicates once again that Russia is preparing for a new large-scale attack. Please be aware of your safety and be on alert for any air raid warnings.July 6th - Since June, A-share trading activity has continued to increase, with margin financing funds accelerating their participation in the market via ETFs. Wind data shows that as of June 30th, the total margin financing balance of ETFs in Shanghai and Shenzhen reached 116.088 billion yuan, an increase of 5.258 billion yuan compared to the end of May. Semiconductor and communications-themed ETFs have become the focus of margin financing. However, gold ETFs still have the largest margin financing balance, indicating that while leveraged funds are actively positioning themselves for growth opportunities, they are also maintaining a certain level of hedging positions.A senior U.S. official stated that Trump believes the Russia-Ukraine conflict must end as soon as possible, as the frontline fighting has been deadlocked for months. The U.S. is expected to make progress in ending the conflict in Ukraine.

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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