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On July 10th, GivTrade analyst Waleed commented that the outlook for gold remains optimistic. He noted that gold is currently caught in a complex mix of safe-haven demand and interest rate pressures. He stated, "The broader outlook for gold continues to be supported by geopolitical hedging, central bank asset diversification, and portfolio protection needs." However, he added that further gains could require weaker US labor market data, declining real yields, or rising geopolitical risk premiums.Japanese Chief Cabinet Secretary Minoru Kihara: The specific details of monetary policy will be decided by the Bank of Japan.On July 10, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A foreign journalist asked about the 10th anniversary of the Permanent Court of Arbitrations ruling on the South China Sea arbitration case, which determined that Chinas maritime claims in the South China Sea are inconsistent with international law. The Philippines stated today that it will continue to push for a "Code of Conduct in the South China Sea" and will use the arbitration ruling as an unshakable foundation. What is Chinas comment on this? Mao Ning stated that China has repeatedly clarified that the so-called "ruling" is illegal, invalid, and has no binding force. China does not accept or recognize it, and we will not accept any claims based on this ruling. She emphasized that formulating a "Code of Conduct in the South China Sea" is an important measure to implement the Declaration on the Conduct of Parties in the South China Sea and an important consensus between China and ASEAN countries. China is always committed to accelerating consultations with ASEAN countries to strive for an early conclusion of the Code and jointly maintain peace and stability in the South China Sea. The so-called "ruling" has nothing to do with the Code, and the Philippines should not use the so-called "ruling" to create obstacles to the conclusion of the Code.July 10th - At a press conference held by the Ministry of Culture and Tourism on July 10th regarding the crackdown on forced shopping in the tourism market, it was announced that the Ministry has strengthened cooperation with public security, market supervision, and cyberspace administration departments to further intensify case investigations. In the first half of 2026, the number of cases filed increased by 49.3% year-on-year, with cases involving forced shopping increasing by 86.9% year-on-year. This has created a more powerful deterrent against illegal and irregular activities that harm the legitimate rights and interests of tourists and affect the fair competition market order.July 10th Futures News: On July 10th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 297,216 tons, an increase of 3,428 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 1,557 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,640 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 33... 6. Petroleum asphalt futures warehouse receipts: 9,310 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 12,970 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.

S&P 500 Prices Forecast – Stock Markets Pull Back on Thursday

Alice Wang

Nov 18, 2022 17:27


Technical Analysis of the S&P 500

The S&P 500 E-mini contract experienced a significant decline during Thursday's trading session, approaching the 3900 mark. Considering that the 200-Day EMA has also provided some resistance, it's important to note that our pullback occurred exactly where you would anticipate it to. On the other side, it opens the door to a move to the 4150 level if we turn around and remove the top of the shooting star from Tuesday.


The market is likely to go in the direction of the 50-Day EMA and possibly even the 3800 level if we remove the 3900 level below. In the end, this market will suffer as long as the VIX remains in a very choppy range, resulting in, to put it mildly, loud behavior. The size of the candlestick does indicate that there might be some follow-through, so if we do drop below the 3900 mark, I'll be looking to start selling again.


However, given the choppy nature of volatility, it's possible that there will be some noise. This is especially true given that the markets are oscillating between the possibility of the Federal Reserve loosening or tightening monetary policy, since everyone seems to have a different take on the matter. A recession is another issue we need to be concerned about because it is just a matter of time until it enters the scene as well. How we proceed after 3900 will be crucial.