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Australian Treasurer Charles Chalmers has issued orders to six shareholders to divest their stakes in Northern Minerals. This decision is entirely in line with the recommendations of the Treasurer and the Foreign Investment Review Board, aimed at protecting national interests and ensuring compliance with Australias foreign investment framework.On May 18, US President Trump stated in an interview that he still believes Iran is willing to reach an agreement and expects Iran to submit an updated proposal in the coming days. Trump reportedly declined to reveal a deadline for the negotiations but indicated that the US would take stronger military action if Iran did not meet US demands regarding its nuclear program.① Iran 1. Iranian military: If the US launches another military operation, it will face an offensive response. 2. Iranian Foreign Ministry: The US and Israel are using "maintaining energy stability" as a pretext to justify the war against Iran. 3. Iranian Vice President: Iran will no longer allow enemy military equipment to pass through the Strait of Hormuz. 4. Iran: Iran says it is prepared to respond to a potential escalation of the situation by the US. 5. Iran: The US has presented Iran with five key conditions, including that the US will not pay any war reparations and that Iran will only be allowed to maintain one operational nuclear facility. ② US 1. US Energy Secretary: The Strait of Hormuz will reopen no later than this summer. 2. Two US officials revealed that Trump is expected to meet with his national security team in the Situation Room on Tuesday to discuss military options. 3. Sources: Trump met with senior members of his national security team on Saturday to discuss the next steps in the war with Iran. 4. Trump stated on social media on Sunday that if Iran does not act swiftly, it will have nothing. ③ Israel 1. Following the "extension of the ceasefire," Israel launched a large-scale airstrike on southern Lebanon. 2. Sources: Israel has secretly established at least two military outposts in Iraq. 3. Israeli media: Netanyahu and Trump spoke by phone to discuss the possibility of resuming hostilities in Iraq. If military operations against Iraq resume, it is expected that Israel and the United States will launch joint airstrikes. 6. Other situations: 1. The Israeli military claims to have killed a commander at the Hamas operations headquarters. 2. Lebanon claims the Israeli attack caused approximately $2 billion in economic damage. 3. NATO intelligence agencies believe Iran still retains most of its missile stockpile and facilities. 4. A generator outside the Barakah nuclear power plant in the UAE was attacked by a drone and caught fire. 5. The International Atomic Energy Agency: The UAE stated that radiation levels at the Barakah nuclear power plant are normal and that no casualties were reported after the drone attack. 6. The International Criminal Court denies issuing new arrest warrants for several Israeli officials. On May 18, Kyrgyz President Sadil Japarov called on world leaders to vote for Kyrgyzstan as a non-permanent member of the UN Security Council on June 3. Japarov emphasized, "Choosing Kyrgyzstan will reflect the world communitys political will to restore historical justice and ensure that all countries are elected equally to the highest organs of the United Nations."The UAEs nuclear regulator stated that no radioactive leaks occurred following the Barakah nuclear power plant incident, and there is no risk to the public.

S&P 500 Price Forecast – Stock Markets Recover From Extreme Oversold Conditions

Lorna Divakar

Dec 22, 2022 16:15

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Technical Analysis of the S&P 500

Due to the fact that it seems as if we are approaching the 50-Day EMA, the S&P 500 has increased a little in the E-mini contract during the trading session on Wednesday. In the end, I believe that this market is attempting to reach some kind of balance between this point and the year's conclusion.


 After all, this is the year's worst period for liquidity, and there have undoubtedly been many worries lately. Even if Wall Street was waiting for a giveaway, Jerome Powell has been sure to underline the concept that the Federal Reserve was going to remain tight for a while.


A significant flush down might occur if we close below the hammer from the Tuesday session, but I don't believe it will happen straight away. Since this market has been overdone, in my opinion, we are merely rebounding until we see an exhaustion candle. I won't hesitate to start selling on that exhaustion candle since, to be honest, I believe it would be a really bearish indicator. In the end, I do believe that we will decline because, very honestly, a severe recession is imminent and it is clear that Wall Street is now beginning to concur with all of the forecasts.


To consider this a prospective market worth purchasing, we would need to at the very least knock out the top of the 200 day EMA. I just don't see how that could occur, therefore I believe you are watching for a chance to go short once again. You just don't know; it may happen in January or it might happen right now.

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