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Frances April trade balance and industrial production figures will be released in ten minutes.French Transport Minister: France will not experience fuel shortages this summer.French Transport Minister: There are no major concerns about the supply of aviation fuel and gasoline in France.Futures News, June 5th: Since May, silver prices have risen and then fallen, with the price trending downwards within a narrow range. As of June 4th, the domestic spot price of #1 silver was 17,711 yuan/kg, a cumulative decrease of 4.41% compared to the beginning of May. In early May, the US and Iran signaled a willingness to negotiate, coupled with Perus initiation of an energy emergency decree, causing silver prices to fluctuate upwards. However, the resignation of dovish voting member Milan led to market expectations of interest rate hikes, putting downward pressure on silver prices. Looking ahead, the macroeconomic logic remains focused on the Feds interest rate decision and the US-Iran negotiations; silver prices are expected to lack a clear direction in the short term.Danske Bank: +4.2%; ABN AMRO: +4.3%; ANZ: +4.3%; BNP Paribas: +4.3%; Barclays: +4.3%; Bank of America: +4.3%; TICOM: +4.3%; Citigroup: +4.3%; Deutsche Bank: +4.3%; Allied Bank: +4.3%; Commerzbank: +4.3%; Daiwa Capital: +4.3%; Heleba Bank: +4.3%; DekaBank: +4.3%; Goldman Sachs: +4.3%; HSBC: +4.3% Morgan Stanley: +4.3%; ING: +4.3%; JPMorgan Chase: +4.3%; Mizuho Bank: +4.3%; Jefferies Group: +4.3%; Societe Generale: +4.3%; Nomura Securities: +4.3%; UBS Group: +4.3%; Sparta Securities: +4.4%; Capital Economics: +4.4%; Oxford Economics: +4.4%; Pansen Macro: +4.4%; Standard Chartered Bank: +4.4%; TD Securities: +4.4%; Wells Fargo: +4.4%; [Reuters forecast: +4.3%].

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.

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