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On October 30th, the Bank of Japan (BOJ) voted 7-2 to keep its short-term interest rate unchanged at 0.5%, with board members Hajime Takada and Naoki Tamura voting against a rate hike. The BOJs inflation expectations remained stable, while economic growth expectations rose moderately, demonstrating its patience in the face of trade and global uncertainties. In explaining their dissent, Takada stated that Japan had "moved out of deflationary norms" and had largely achieved its price stability target, while Tamura pointed out that "upside risks to prices" brought policy closer to a neutral level. However, the majority chose to remain patient, emphasizing the need for clearer confirmation that wage growth and inflation are sustainably aligned. Policymakers described exports and output as stagnant, with consumption remaining robust despite external headwinds. In its quarterly report, the BOJ stated that underlying inflation may stall in the near term amid slowing economic growth but should gradually stabilize to a level consistent with its 2% target for fiscal year 2027. The board considered economic risks to the downside, while inflation risks were broadly balanced. Uncertainty surrounding trade policy and its potential spillover effects on global prices and markets were key risks requiring vigilance.On October 30th, the Bank of Japan (BOJ) paused its interest rate hikes on Thursday but reiterated that it would continue to increase borrowing costs if the economy performs as it expects. As widely anticipated, the BOJ kept its short-term interest rate unchanged at 0.5%. BOJ board members Naoki Tamura and Hajime Takada opposed the decision, reiterating their September recommendation to raise the rate to 0.75%.The Bank of Japan: There are risks to the future trends of exchange rates and import prices, including international commodity prices.Bank of Japan: Trade policies announced so far may trigger a shift in globalization trends.Bank of Japan: It is worth noting that recent fiscal expansion measures, especially in the United States and Europe, may increase global economic risks.

S&P 500 Price Forecast – Stock Markets Run Out of Momentum

Skylar Shaw

Jun 28, 2022 14:50

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Initial attempts at a rebound by the S&P 500 in the futures market on Monday failed due to the overbought state on Friday stalling.

Technical Analysis of the S&P 500

The S&P 500 attempted to rebound early in the Monday session in the futures market, but has encountered a little bump on the road because to the ongoing commotion. As a result, there is a good chance that the market will continue to experience trepidation and maybe a retreat. Even if the Friday session was quite volatile, we are still very much in a downturn. You might perhaps make a weak case for portfolio rebalancing on Friday or, to be honest, merely short-covering as we go into the weekend.


Nevertheless, the 50 Day EMA is rapidly approaching the 4000 mark, therefore I believe it is also speaking. I've been seeking for a chance to short this market when it shows indications of weariness, and I think I'm about to. At least until we break over the 4200 barrier, I have no interest in purchasing the S&P 500. It's important to be patient and select your locations in the meantime. If it begins to move in my way, I will add to my initial little position. It is not always possible to quantify short selling, making it something of an art form. Risk management, emotion, and fear are all important factors.


It should be emphasized that I usually take around half as much risk when shorting a company or an index as when I would be purchasing it. They are not intended to fall for extended periods of time, which is the reason.

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