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The Reserve Bank of New Zealand proposed a significant reduction in the minimum capital requirements for deposit-taking institutions, lowering the minimum capital requirement to NZ$5 million. This proposal reflects the current higher risk tolerance than in 2019.According to Japans Yomiuri Shimbun: Polls show that Japans cabinet approval rating soared 17 percentage points to 39%.The Reserve Bank of New Zealand is launching a consultation on the capital requirements framework for New Zealands deposit-taking institutions. This assessment is exploring whether current prudential capital requirements are set at an appropriate level.The three major U.S. stock index futures opened slightly higher on Monday.Data released on August 25th indicated that 2.077 trillion yuan in reverse repos will mature in the open market this week (August 25-29), along with 300 billion yuan in medium-term lending facilities (MLFs) and 900 billion yuan in outright reverse repos. Wang Qing, chief macroeconomic analyst at Orient Securities, calculated that as of August 22nd, the central banks net injection of medium-term liquidity reached 600 billion yuan, double the previous months level and the largest net injection since February 2025. Wang Qing believes the central bank is likely to continue injecting medium-term liquidity into the market by increasing the amount of MLFs and combining them with outright reverse repos. Market liquidity is expected to remain stable but slightly loose, with limited room for upward movement in market interest rates.

S&P 500 Price Forecast – Stock Market Rallies Heading Toward CPI

Steven Zhao

Jan 12, 2023 15:42


Technical Analysis of the S&P 500

Even though the critical CPI statistic is out on Thursday, the S&P 500 has surged pretty substantially in the early hours of Wednesday. To be very honest, it seems that many traders are actively attempting to "front run the Fed," which is nothing new. However, given where we are on the chart, it could be challenging to go through this threshold. Given that the 200-Day EMA is barely above, there will undoubtedly be some attention given to this scenario. A significant downtrend line and the 4000 level are both possible tangles after a break above the air.


Keep in mind that Wall Street, which is seeking for low-cost financing, seems to be depending on the notion that the Federal Reserve would provide some kind of relief. For the last 14 years or more, that has been the whole game: making quick, easy money. Because the Federal Reserve is to blame, they will inevitably have to adopt an extremely hostile and pessimistic tone. Although it seems that everyone is ready to disregard it for the time being, it is coming near to the inflation level, which will almost certainly startle the market once again.


Having said that, we have a good chance of reaching 4200 if we manage to break above the downtrend line. The Wall Street traders are really skilled at creating stories, so as soon as they receive the shot, there will be some other tale to listen to. That is an area where I would also anticipate seeing a lot of opposition.

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