EUR/USD 1.14502
0.159%
Gold 4175.47
1.256%
Oil 68.125
-0.428%
USD/JPY 161.112
0.005%
GBP/USD 1.33605
0.110%
GBP/JPY 215.259
0.130%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Chery Automobile will produce the Jaecoo J5 model at its new factory in South Africa.On July 3, Guangdong-Hong Kong-Macau Greater Bay Area Intelligent Computing (01396.HK) announced that in the first half of 2026, the Group had accumulated new AI computing power cloud service intended orders exceeding RMB 15 billion, corresponding to an AI computing power scale of approximately 35,000 PFLOPS (FP16 dense). Among them, as of June 30, 2026, the Group had delivered new AI computing power cloud service orders worth over RMB 2 billion, corresponding to a new delivered and operational AI computing power scale of approximately 6,000 PFLOPS (FP16 dense). The Group is actively constructing and delivering the remaining orders.July 3 – Under revised disclosure requirements, European asset management companies are no longer required to report ESG data for all assets they hold. The European Commission stated that asset management companies with a “fiduciary duty” to clients and managing portfolios under a “mandate with clients” are exempt from providing such information. This is part of the revised EU sustainability reporting standards published on Friday. These requirements, officially known as the European Sustainability Reporting Standards (ESRS), detail how companies should comply with the EU’s Corporate Sustainability Reporting Directive. The Commission conducted a public consultation on its proposed “authorization bill,” the initial draft of which was published in May and received over 400 responses. EU authorities have spent months revising the ESRS as part of a broader EU initiative to simplify reporting requirements and enhance competitiveness. In a statement, the European Commission said the revised standards reduce the number of data points companies must report by more than 60%.German Chancellor Merz: I cannot criticize Lithuanias move to end the nuclear weapons ban.Indias Trade Minister: Merchandise exports are expected to grow by 16% to 17% this year.

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