EUR/USD 1.16754
-0.025%
Gold 4614.17
-0.058%
Oil 85.704
-0.679%
USD/JPY 158.980
-0.009%
GBP/USD 1.36451
-0.011%
GBP/JPY 216.935
-0.020%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Minmetals Resources (01208.HK): A fatal accident occurred at the Las Bambas mine in Peru on August 19. The company confirmed that the mine and ore processing plant resumed operations on August 21.The local governor stated that Russia is defending against drone attacks on the Nevinomysk industrial zone in the southern Stavropol region.On August 24th, following US President Trumps announcement of an "unprecedented" economic war against Iran, US Treasury Secretary Bessenter confirmed that the specific details of the "unprecedented economic isolation" measures against Iran would be officially announced on the 24th. Iran, on the other hand, played its "oil export countermeasure" card on the 23rd: if the US waged an economic war, there would be no more oil exports from the Strait of Hormuz or even the Persian Gulf region. Currently, there are less than 24 hours left before the US announces the details of the sanctions. Public opinion generally believes that this is a desperate move by the US given the current situation of a protracted war between the US and Iran and the failure of negotiations. Although the specific measures have not yet been announced, some analysts believe that this action may ultimately lead to a "lose-lose" situation.On August 24, Xiyin announced on the Hong Kong Stock Exchange that it plans to issue approximately 280 million Class B shares (subject to reallocation and the exercise of the over-allotment option) for its Hong Kong listing, with a pricing range of HK$47.60 to HK$49.50 per share. Trading is expected to commence on September 1.Alibaba (BABA.N) announced the pricing of its HK$80 billion share placement, with 710,000,000 new shares to be subscribed at HK$112.70 per share. The placement is expected to be completed on August 26, 2026.

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