EUR/USD 1.15853
-0.568%
Gold 4458.14
-3.118%
Oil 82.713
-0.301%
USD/JPY 160.075
0.430%
GBP/USD 1.35378
-0.402%
GBP/JPY 216.693
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 29, local time, Iranian President Pezechzian stated on August 28, regarding the current negotiations with Oman on the Strait of Hormuz, that Oman initially supported Iran, later reserved its position, but in recent meetings, both sides reached a consensus to reopen the straits navigation channel under a coordinated plan. He emphasized that Iran is currently working to ensure that if the navigation channel reopens under a specific framework, the United States must also fulfill its obligations. These obligations include: lifting the blockade and sanctions, unfreezing Iranian funds, and ceasing Israeli hostile actions in Lebanon. He also mentioned that Iran will open the Strait of Hormuz based on its own policies. "The opening of the Strait of Hormuz is within the framework stipulated in the Islamabad Memorandum of Understanding, and has been accepted by all parties and must be implemented." Furthermore, Pezechzian stated that Iran is reaching a consensus on how to interact with its neighbors and forming a shared vision.IMF Managing Director Kristalina Georgieva: Federal Reserve Chairman Walsh has performed an excellent job and expressed his views clearly.Former IMF chief economist Rogoff: The reason why US debt has ballooned so much is because academic economists were almost "religiously convinced" that interest rates would fall indefinitely.Former IMF chief economist Rogoff: The United States may need a "shock" to prompt the American public to demand that the government change its economic policies regarding debt.Iranian Revolutionary Guard: All ships attempting to pass through without Iranian coordination will be blocked from the Strait of Hormuz by full force and absolute authority.

S&P 500 Retreats As Traders Reduce Risks Ahead Of U.S. Inflation Reports

Jimmy Khan

Nov 10, 2022 17:43

微信截图_20221110164734.png


Disney Slumps as Quarterly Report Underperforms Expectations


The S&P 500 is facing significant pressure as traders assess the ambiguous midterm election results in the United States and fret over the significant sell-off in cryptocurrency markets.


Energy stocks, which are falling as a result of the sharp decline in oil prices, are driving the sell-off. In today's trading session, shares of Occidental Petroleum, Hess Corporation, and Devon Energy are down 5% to 7%.


Due to its quarterly report falling short of analyst forecasts, Disney is down 13%. The market is also dissatisfied with the company's short-term business outlook.


As a result of traders' reactions to Elon Musk's sales of the stock, Tesla is down 6%. Musk just sold over $4 billion worth of Tesla stock to raise money for his Twitter transaction.


NVIDIA is down 5% as investors fear that the decline in cryptocurrency markets may lower demand for the company's goods.


From a broad perspective, the sell-off is extensive, and all market segments have been under significant pressure.

Traders get ready for reports on US inflation


The United States will announce inflation figures tomorrow, so traders should be aware of this. Analysts anticipate that the inflation rate will have decreased to 8% in October from 8.2% in September. It appears that some market participants have made the decision to lower their risk exposure before this significant report.


The S&P 500 is currently attempting to settle beneath the 3760 support level. If successful, the S&P 500 will move in the direction of the next support level at 3725. A move below this point will allow for a test of the support level at 3690.


The S&P 500's closest upward resistance level is found at 3805. The S&P 500 will move in the direction of the 3835 resistance level if it rises again above this level. If the S&P 500 is able to hold above 3835, it will move toward the 3885 resistance level.

Suggestion