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On March 13th, Apple announced adjustments to its App Store commission policy in mainland China. More importantly, Apple pledged to consistently provide Chinese developers with competitive commission rates no higher than those in other markets. Why did Apple lower its "Apple tax"? Apples official statement revealed a key piece of information: the adjustment was made "based on communication with Chinese regulatory authorities." Considering the magnitude and attitude of Apples adjustment, its easy to infer that Chinese regulatory authorities have effectively exerted pressure on Apple. In fact, the "Apple tax" is being reduced globally. In recent years, countless developers, regulatory agencies, user groups, and even governments have challenged Apples high commission rates. According to incomplete statistics, Apple has been sued, investigated, reported, and legally banned in at least 10 countries and regions worldwide due to allegations of monopolistic practices related to the App Store. Under anti-monopoly regulatory pressure, Apple has already lowered commissions in several countries and regions. This reduction in commissions for the Chinese App Store, "based on communication with Chinese regulatory authorities," not only improves the treatment of Chinese developers but also reflects the continuous improvement of digital market rules and the enhancement of regulatory authority in the process of deepening the normalization of anti-monopoly supervision.The yield on five-year Japanese government bonds rose 4.0 basis points to 1.665%. The yield on 20-year Japanese government bonds rose 3.0 basis points to 3.090%.Futures News, March 13th: Economies.com analysts latest view: Spot gold continued to rise in the latest intraday trading, benefiting from the stability of the key support level of $5100, providing positive momentum for its attempt to recover some of its previous losses. At the same time, prices are attempting to alleviate the oversold conditions indicated by the Relative Strength Index (RSI). Nevertheless, gold still faces downward pressure after breaking through the short-term uptrend line. Furthermore, the continued trading below the EMA50 is also creating dynamic pressure, which may limit the possibility of a full recovery for gold in the short term.March 13th - Hong Kong stocks opened slightly lower again, after a brief surge to turn positive. At midday close, the Hang Seng Index was down 0.48%, and the Hang Seng Tech Index was down 0.41%. Most large-cap tech stocks rallied, with Alibaba (09988.HK), Meituan (03690.HK), and JD.com (09618.HK) all rising over 1%. Energy stocks, affected by supply disruptions in the Middle East, remained active, fertilizer stocks rose, building materials and cement stocks generally increased, and telecommunications and high-speed rail infrastructure stocks saw some recovery. However, airline stocks continued their decline, while gold, shipping, and semiconductor stocks generally fell.On March 13, Maybank (Thailand) analyst Chak Reungsinpinya wrote in a research report that rising oil prices could benefit Thailands energy sector and lead to higher refining margins. The analyst stated, "The disruption to energy flows caused by the Iranian war is unprecedented." Even if the Middle East conflict is resolved within weeks rather than months, energy prices are likely to remain high. The bank upgraded its rating on Thailands energy sector from "neutral" to "positive."

S&P 500 Price Forecast — S&P 500 Rallies Before Jackson Hole

Alice Wang

Aug 26, 2022 16:48



As we wait for Chairman Jerome Powell's address on Friday morning, the S&P 500 gained a little during the trading session on Thursday in the E-mini contract.

Techniques for the S&P 500

The S&P 500 increased slightly throughout the trading session in the E-mini contract to cross the 200-day EMA on Thursday. You shouldn't be shocked to learn that we have once again found this to be interesting as the 200-day EMA is obviously an indication that many traders pay attention to. At the end of the day, even if we do rise from here, the 4300 level above may serve as a big resistance level.


The 50-day EMA might act as support if we go below the Wednesday candlestick's bottom. The S&P 500 drops significantly if it breaks down below that level. Additionally, you should pay particular attention to the fact that people will either believe that the Federal Reserve will change its stance or stay hawkish as a result of Jerome Powell's speech on Friday. It's probably better to wait and see how the week ends because, at this point, I believe it's quite risky to be in the market on Friday. You must also bear in mind that the market often responds in one manner, only to change its course the next trading session. Because we have the full weekend to discuss what Jerome Powell means, this will also be intriguing.


We are in the middle of the 50 and 200-day EMA indications, which does imply that we will be compressing before we can move in a more positive or negative direction. On Friday, I will just be watching; the danger is simply too great for me to do anything else.