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On September 5th, according to Irans SNN news agency, an Iranian oil tanker near Kharg Island was attacked by a missile. No casualties have been reported so far. Earlier, another Iranian media outlet, Fars News, reported an explosion near Kharg Island, but no smoke or fire was seen in the Gulf, and the cause of the explosion remains unclear. Kharg Island is crucial to Irans oil industry, accounting for 90% of Irans crude oil exports. Trump had previously threatened to seize the territory.According to Irans SNN news agency, an Iranian oil tanker near Kharg Island was attacked by a missile, but there are no reports of casualties so far.September 5 - According to Irans Fars News Agency, an explosion was heard near Kharg Island, Iran, but the cause is still unclear.September 5th - Many countries worldwide are accelerating the adjustment of their gold reserve storage strategies to reduce reliance on the single custody system in Europe and the United States. Since 2013, many countries have successively initiated the repatriation of their overseas gold reserves. The World Gold Councils 2026 Central Bank Gold Reserve Survey shows that in the past 12 months, 19% of central banks have increased the proportion of their domestic gold reserves or diversified their reserve locations, compared to only 7% a year ago. The number of central banks storing their reserves in New York and London vaults continues to decrease.On September 5th, a conference on the authorized operation of national satellite navigation and positioning reference station network service data, jointly hosted by the Ministry of Natural Resources and the National Data Administration, was held in Beijing. At the conference, it was announced that the national satellite navigation and positioning reference station network service data has been officially authorized for operation. This marks the first time at the national level that public data in the field of spatiotemporal information infrastructure has been authorized for operation. This will transform the reference station networks public data from a public resource whose value has not yet been fully realized into data assets that can be compliantly circulated and used, signifying a new stage in the market-oriented operation of BeiDou high-precision spatiotemporal data elements.

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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