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Regarding the foreign exchange swap issue with the United States, South Koreas Finance Minister said, "We believe the United States is considering this matter."On September 15, the UK Department for Business and Trade announced that Citigroup has confirmed a £1.1 billion investment in its UK operations, including further expansion in Northern Ireland. The statement said Citigroup is already one of the largest employers in Northern Ireland, with over 4,000 employees.Hyundai Motor shares fell 3.1%.South Koreas Trade Minister: There will be no further market opening in the agricultural sector.Futures News, September 15th: London spot gold prices fluctuated higher on September 15th, reaching a new all-time high, up 1.59% on a weekly basis to $3,643.06 per ounce. Gold prices fluctuated at high levels during the week. While inflation data prompted a rate cut, the cut was already largely priced in. Meanwhile, US inflation remained contained, with no reflationary expectations. With the Federal Reserves interest rate cut expected next week, the market may react with caution, with increased short-term volatility and a degree of uncertainty surrounding the market. However, the macroeconomic logic for golds upward trend remains intact, and with renewed geopolitical uncertainty, buying on dips may remain the primary strategy. US Treasury Secretary Bensont stated that the US economy inherited by Trump is in worse shape than reported, and that the Federal Reserve should recalibrate interest rates. Fed Chairman Powell has again become a target of criticism from the Trump administration, with Trump again calling for a swift rate cut. The US August CPI was in line with expectations, while the PPI unexpectedly fell sharply. Combined with the dismal employment data, market expectations of a renewed US recession are swirling, making a 25 basis point interest rate cut by the Federal Reserve almost certain. Market focus is on whether the combination of low inflationary pressures and poor employment conditions will lead to more rate cuts, and the market is awaiting comments from Fed officials. Geopolitically, Israel attacked Hamas targets in Qatar this week. Russian government spokesman Dmitry Peskov stated on the 12th that peace talks between Russia and Ukraine have been suspended, but negotiators from both sides remain open to communication through existing channels.

Stock Indices Recover on Tuesday

Skylar Shaw

Apr 13, 2022 10:41

S&P 500 Technical Analysis

Early on Tuesday, the S&P 500 dropped below the 200 Day EMA, and the futures market showed hints of falling down again, but we have since turned around and slammed into the 50 Day EMA. Because this is a highly watched signal, it's not surprising that we're bouncing about here. If we can break over the 4500 mark, the S&P 500 futures might attempt to reclaim the critical 4600 level.


When you look at the chart, it seems to be in a wonderful position to rebound, but the key issue is how will we react after the bounce? I believe that, at this time, we are more likely than not to see sellers return to the market, particularly if inflation continues to rise. As a result, I'm not particularly enthusiastic about purchasing S&P 500 futures, but I do know that a short-term rebound is more likely than not the result of the previous few days.


Keep your position size minimal since we're trading on the recent panic or freak out, which always makes trading harder. The topic of whether or not the Federal Reserve would bail out Wall Street is still on everyone's mind, so it will be fascinating to watch how things play out in the coming weeks.


Unfortunately, this implies that volatility will increase rather than decrease. At the present, this is a highly risky market to be engaged in.

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