EUR/USD 1.16488
0.374%
Gold 4566.13
1.285%
Oil 90.531
-4.971%
USD/JPY 158.884
-0.175%
GBP/USD 1.35036
0.477%
GBP/JPY 214.552
0.308%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 25th, Japanese media reported that the oil tanker "Idemitsu Maru," operated by a Japanese company, arrived at a port in Aichi Prefecture, central Japan. This is the first Japanese oil tanker to leave the Strait of Hormuz and return to its home port since the outbreak of hostilities with Iran. According to Kyodo News, citing sources, the "Idemitsu Maru" carried 2 million barrels of crude oil, equivalent to approximately 80% of Japans daily crude oil consumption. All crew members, including three Japanese nationals, are in good health. The crude oil will next be transported via undersea pipeline to a refinery in Aichi Prefecture.As geopolitical tensions between the US and Iran ease, international oil prices continue to decline. A quick overview of the pre-market conversion prices of crude oil between domestic and international markets is provided in this chart.Spot gold and silver are trending upwards; a chart provides a quick overview of the pre-market conversion prices of gold and silver between domestic and international markets.On May 25, President Xi Jinping held talks with Serbian President Aleksandar Vučić at the Great Hall of the People in Beijing. Xi Jinping emphasized that the ironclad friendship between China and Serbia is unique, with a profound historical logic and a solid foundation in reality. Both sides should continue to firmly support each other. China supports Serbia in adhering to a development path suited to its own national conditions and is willing to strengthen exchanges of experience in governance with Serbia. Chinas 15th Five-Year Plan comprehensively outlines high-quality development goals; both sides should strengthen the alignment of development strategies, implement the medium-term action plan for jointly building the Belt and Road Initiative, and continuously promote cooperation in areas such as transportation and energy infrastructure. Facing the new wave of technological revolution and industrial transformation, both sides should increase cooperation in emerging fields such as artificial intelligence, the digital economy, green energy, and advanced manufacturing to explore new growth points.On May 25, Iranian media reported that an Iranian delegation led by Parliament Speaker Mohammad Ghalibaf arrived in Doha, the capital of Qatar. The delegation will hold consultations with senior Qatari officials on issues related to ending the conflict.

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