EUR/USD 1.17286
-0.151%
Gold 4336.08
0.783%
Oil 56.120
1.962%
USD/JPY 155.444
0.475%
GBP/USD 1.33537
-0.488%
GBP/JPY 207.581
-0.008%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Federal Reserve Governor Waller: We can continue to cut interest rates, but it is unclear how much support there is for this within the Fed.On December 17, the European Commission announced adjustments to its Carbon Border Adjustment Mechanism (CBAM), proposing to expand its coverage and strengthen anti-circumvention measures. The relevant policies will be gradually implemented from January 1, 2026. The EUs Carbon Border Adjustment Mechanism, also known as the "carbon tariff," plans to tax cement, steel, and other products imported from countries and regions with relatively lenient carbon emission restrictions. The mechanism will enter a transition period from October 2023, providing transitional arrangements for businesses. According to the Commissions proposed adjustments, the CBAM will be extended from its current primary coverage of basic materials such as aluminum, cement, electricity, and steel to include steel and aluminum-intensive downstream products, adding a total of 180 downstream products, covering industries such as machinery, hardware and metal products, vehicle parts, household appliances such as washing machines, and construction equipment. Regarding anti-circumvention measures, the Commission proposes including pre-consumption aluminum and steel scrap in the CBAMs accounting and increasing the requirements for related reporting. Additional evidence will be required when data in reports is unreliable, to enhance the traceability of related goods and address issues such as misreported emission intensity. In addition, the European Commission plans to establish a "temporary decarbonization fund" to support EU-based producers, with some of the funding coming from the sales revenue of certificates held by member states under the 2026-2027 carbon border adjustment mechanism.Royal Bank of Canada: If assets are seized, Russia may target the European Bank for Reconstruction and Development and the Norwegian Oil Fund.Federal Reserve Governor Waller: We do not expect to see any more significant tariff increases.On December 17th, Federal Reserve Governor Waller stated on Wednesday that the Fed still has room to cut interest rates given market concerns about a weak job market. Waller said, "I still think we are probably 50 to 100 basis points away from the neutral rate." This implies that the Fed still has room to cut rates. Waller added that given the current economic outlook, "there is no need to rush into cutting rates," and in an economic environment where inflation is likely to moderate, "we can steadily lower interest rates to a neutral level."

Stock Markets Continue to Get Hammered

Skylar Shaw

Jul 06, 2022 14:55

微信截图_20220706144744.png

Technical Analysis of the S&P 500

During Tuesday's trading session, the S&P 500 attempted to rise a little at first before turning around and falling considerably. The market then began to weaken and broke down below the 3800 level. The 3750 level was then challenged, which has served as support over the last several days. However, I believe it will likely not take long for the price to break down from here and continue to decline. I believe it will only be a matter of time until we test and perhaps even break past the 3700 level since it is a strong area of support.


The 3950 level may act as barrier if we do reverse course and rally, as it did in recent weeks. The 50 Day EMA, the 3993 level, and falling come next. In the end, I believe that this market will continue to see a great deal of negative, therefore I'm watching for signals of tiredness to sell, similar to what we saw in the futures market early on Tuesday.


Both the Federal Reserve's continued tightening of monetary policy and the need for companies across the S&P 500 to write down results will work vehemently against this index. Because of this, I am not interested in investing in this market until a fundamental shift takes place, which I just don't believe will happen soon. Longer-term investors could see this as a chance to "pick up value," but I would exercise caution since there are so many factors now pushing against the stock market.

Suggestion