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[Armed conflict hits domestic industrial system hard, Sudans trade deficit reaches 4.8 billion US dollars in the first quarter] According to Sudanese media reports on the 19th local time, Sudans Minister of Trade and Supply Yusuf said that Sudans trade deficit in the first quarter of this year reached 4.8 billion US dollars. Among them, the total export volume was 3.8 billion US dollars and the total import volume was 8.6 billion US dollars. It is understood that Sudans ongoing armed conflict has destroyed the countrys industrial system, and 85% of Sudans factories have been damaged. This has forced the Sudanese government to import large amounts of daily necessities such as sugar, tea, milk, and flour from overseas to meet domestic demand. Yusuf said that the influx of Sudan also includes uncontrolled imported goods, which has led the Sudanese Ministry of Trade and Supply to implement stricter import and export control measures.According to the Times of Israel: Azmi Abu Daqqa, a senior Hamas operative, was killed in an Israeli airstrike.[The Dow Jones Industrial Average closed above 40,000 points for the first time, and US stock analysts continue to be bullish] The US blue-chip stock index Dow Jones Industrial Average closed above 40,000 points for the first time in its 128-year history, a milestone reached as the bull market continues to advance. After the inflation report rekindled the markets hope that the Federal Reserve would cut interest rates, the stock market hit its longest weekly positive cycle since February this year. Strong corporate earnings also drove the stock market higher. "We maintain our bullish stance." Blue-chip stock analyst Larry Tentarelli said. He pointed out that "if this situation continues," it will lay the foundation for the Dow Jones Index to stand above 42,500 points by the end of this year. Mark Newton, an analyst at the US "Fund Strategy" global consulting firm, said: "The bullishness is correct, and the market consolidation will make the S&P 500 more attractive to further rise and stand above 5,400 points. It is a difficult choice for investors to choose to wait for the possible consolidation. But I think the facts will prove that any weakness is temporary."Ukrainian sources: Ukraines Security Service used military drones to hit an oil refinery and an airport in the Krasnodar region in southern Russia in a nighttime attack.According to the Times of Israel: Israeli troops operating in Jabaliya in northern Gaza have discovered several weapons caches, as well as rocket launchers and a weapons manufacturing plant in the area.

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

Florala Chen

Aug 19, 2022 15:19

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Because we are pressing into significant barrier, stock markets have been a little apprehensive throughout Thursday's trading session.

Technical Analysis of the S&P 500

One must now consider whether or not we are running out of momentum or whether we are merely anticipating a signal to go higher after the S&P 500 shown some hesitancy at the 4300 mark. I believe that in the long run, a temporary decline is probably advantageous for both buyers and sellers, thus I believe that it does make sense. The 4186 level, where the 200 Day EMA is located, would be a good target.

However, it's conceivable that we would move considerably higher if we were to break above the highs of the previous several days. It then becomes possible for a migration to occur to the 4500 level. Frankly, it's fascinating to see that not much has been accomplished since the FOMC Meeting Minutes were made public. The could be the strongest message from that show by itself.


The 4100 level would be a good place to start if we were to break down, which may increase selling pressure significantly. We must, of course, keep a tight eye on the bond market. We have a big struggle on our hands since many traders in the Eurodollar futures think the Federal Reserve will need to start easing monetary policy sooner rather than later. I believe that the majority of traders just don't know what to do with themselves right now. That shouldn't come as a great surprise given that the majority of the financial media rely on confusion to generate revenue, and given that the noise is at an all-time high right now. The US economy has many drawbacks, but that was also true 500 points ago.

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