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ECB board member Kocher: Interest rates may move in either direction next.Macquarie warned that the oil market is heading for a 3 million barrels per day surplus.On September 12th, the balance of domestic and foreign currency loans reached 273.02 trillion yuan at the end of August, a year-on-year increase of 6.6%. The balance of RMB loans reached 269.1 trillion yuan at the end of the month, a year-on-year increase of 6.8%. In the first eight months, RMB loans increased by 13.46 trillion yuan. By sector, household loans increased by 711 billion yuan, of which short-term loans decreased by 372.5 billion yuan and medium- and long-term loans increased by 1.08 trillion yuan. Loans to enterprises and public institutions increased by 12.22 trillion yuan, of which short-term loans increased by 3.82 trillion yuan, medium- and long-term loans increased by 7.38 trillion yuan, and bill financing increased by 877.8 billion yuan. Loans to non-bank financial institutions increased by 122.7 billion yuan. At the end of August, the balance of foreign currency loans reached US$551.7 billion, a year-on-year decrease of 7.1%. Foreign currency loans increased by US$9.6 billion in the first eight months.The central bank reported that RMB loans and deposits increased by 13.46 trillion yuan in the first eight months of the year, while RMB deposits increased by 20.5 trillion yuan.ECB board member Kocher: At the last Monetary Policy Committee meeting, no one discussed what action we will take at the next meeting. We will make decisions based on the data.

S&P 500 Weekly Price Forecast – Stock Market Stall After Momentum Runs Out

Alice Wang

Nov 21, 2022 15:09


Weekly Technical Analysis for the S&P 500

Since the S&P 500 has been fluctuating a lot this week, I believe that this candlestick is quite informative. After all, the previous week had witnessed a significant increase due to the lower-than-expected CPI statistics. But there was no action taken in response. The weekly candlestick reversed direction exactly at the 50-Week EMA. In the end, we are still constructing a descending triangle, so it will be fascinating to see how it develops.


Hopes that the Federal Reserve may back down on tightening and perhaps even start considering turning have contributed significantly to the recent rise. Quite honestly, James Bullard has said it more than once, but the word that keeps coming to mind for me is "higher for longer." This indicates that even if the market succeeds in convincing the Federal Reserve to stop rising rates, those rates will likely remain high for a considerable amount of time.


Of course, the other option is that we surpass the trend line I've drawn on the weekly chart, in which case it's possible that we'll reach the 4250 level. In the end, it appears that purchasers are having less and less of an impact on the market, and with all the potential downside that's coming, I believe it's quite likely that it's simpler to short this market, even though sometimes it seems like things are a little rough around the edges. The US currency and interest rate markets should be closely monitored because there is a negative association between them.

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