EUR/USD 1.18601
0.326%
Gold 5009.84
1.142%
Oil 62.652
-1.025%
USD/JPY 156.668
-0.272%
GBP/USD 1.35972
-0.154%
GBP/JPY 213.029
-0.425%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Central Bank of Uganda has kept its key lending rate at 9.75%.On February 9th, the Shanghai Stock Exchange (SSE) issued a notice soliciting public opinions on the "Shanghai Stock Exchange Issuance and Listing Review Rules Application Guidelines No. 6 – Standards for Identifying Light Assets and High R&D Investment (Draft for Comment)". The notice proposes two points: First, it establishes negative scenarios. Specifically, if a listed companys stock is subject to delisting risk warnings or other risk warnings, the proportion of funds raised through refinancing used to supplement working capital and repay debts shall not exceed 30% of the total funds raised.February 9th - Vitol, the worlds largest independent oil trader, stated that peak oil demand will arrive later than previously expected due to the slow pace of electric vehicle adoption. In a report released Monday, Vitol predicted that oil demand will peak sometime in the mid-2030s, reaching approximately 112 million barrels per day globally. The groups previous forecast placed the peak at the beginning of the next decade. The report also noted that by 2040, global oil demand will be approximately 5 million barrels per day higher than current levels.The Kremlin: The US attempt to contain Cuba is creating difficulties, and we are discussing solutions with Havana. Cuba faces a serious aviation fuel supply situation.The Eurozones Sentix investor confidence index came in at 4.2 in February, the highest level since July 2025.

S&P 500 Price Forecast – Stock Markets Run Into Resistance

Cory Russell

Dec 06, 2022 15:56


Technical Analysis of the S&P 500

The S&P 500 E-mini contract has had a rough start to the week as we have been testing a significant downtrend line. As a result, the market will continue to display a lot of erratic activity, particularly given that the 200-Day EMA is located just below. A move down to the 3900 level, which is essentially where the 50-Day EMA is at the moment, is possible if we break below the 200-Day EMA, which is likely to lead to even more negative price action.


The Federal Reserve meeting is in the middle of next week, and that will undoubtedly have a significant impact on how the market performs. It's probably wise to keep in mind that each rally that is predicated on what Powell may or may not say tends to be shorter. To put it another way, I ponder whether or not this market is at last taking the real economy into account. Not everything revolves on "Poppa Powell" and whether or not he is dispensing candy.


It's feasible that we may look at the 4200 level if we were to break above the highs from last week. The 4200 level courses are an area that obviously has a lot of prior action as well as a certain degree of psychology associated to it. Remember that the year is coming to a close, thus I believe it makes perfect sense that the famous "Santa Claus rally" has arrived. What really matters is if it endures for any period of time.

Suggestion