EUR/USD 1.15498
0.164%
Gold 4065.45
0.360%
Oil 79.753
-4.073%
USD/JPY 157.157
-1.268%
GBP/USD 1.34951
0.141%
GBP/JPY 212.085
-1.130%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Domestic News: 1. The Peoples Bank of China held its 2026 second-half work conference: continuing to implement a moderately loose monetary policy. 2. The State Administration of Foreign Exchange held its 2026 second-half foreign exchange management work exchange meeting: continuing to steadily expand institutional opening-up in the foreign exchange field. 3. China Cotton Association: opposing US sanctions and suppression of Chinese cotton textile enterprises. 4. State Grid: electricity load in many areas hit record highs, taking multiple measures to ensure power supply. International News: 1. Brazils Workers Party officially confirmed Lula as its presidential candidate. 2. The immigrant crisis in the Spanish enclave of Ceuta has resulted in 72 deaths. 3. OPEC+ agreed to increase the September oil production quota by 188,000 barrels per day. 4. Japanese officials: Japanese Finance Minister Satsuki Katayama will officially announce on Monday a coordinated Japan-US action to curb the yens depreciation; the intervention is not yet over. 5. Middle East situation—① Trump: received a request from Iran and agreed to cancel the strikes against Iran; the Iranian military called this a "lie." (Trump calls off strikes against Iran for the eighth time) ② Iranian President: The memorandum of understanding with the United States will be the core of our future diplomatic relations. ③ Iranian media: Reports that Iran has agreed to reopen the Strait of Hormuz are fake news. ④ Iranian Foreign Ministry: Negotiations between Iran and Oman are nearing completion. The Strait of Hormuz will not return to its pre-war state, and the reopening issue is unrelated to the Oman negotiations. ⑤ Israel claims Netanyahu learned of the US call to halt strikes against Iran through Trumps social media. ⑥ Iranian Parliament National Security Committee: Mediators are assisting in restoring the memorandum of understanding between Iran and the United States, and all parties have exchanged views on all issues. ⑦ Trump: US-Iran negotiations will begin tomorrow (morning of the 4th Beijing time), and an agreement has been reached on the Strait of Hormuz.August 3rd - According to CMEs "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by September is 26.4%, and the probability of a cumulative rate hike of 25 basis points is 73.6%. The probability of the Federal Reserve keeping interest rates unchanged by October is 19.9%, the probability of a cumulative rate hike of 25 basis points is 62.1%, and the probability of a cumulative rate hike of 50 basis points is 17.9%.The UK Maritime Trade Operations Office reports an incident 20 nautical miles northeast of Sab in the Sea of Oman. The captain of an oil tanker reports hearing an explosion near his vessel.U.S. 10-year Treasury futures rose 13 points, and 30-year Treasury futures rose 22 points.Chart: Performance of major currency pairs on Monday, August 3, 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