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On August 20, a security guarantee proposal for Ukraine could take shape as early as this week, as US President Trump supports a potential peace plan involving the deployment of European troops. After a White House summit on Monday resulted in a clearer US commitment to security guarantees, European leaders are seeking to leverage Trumps proposal to strengthen Kyivs negotiating position ahead of a possible meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky. A meeting of European officials on Tuesday focused on a plan to deploy British and French troops to Ukraine as part of a peace agreement, including details on the size of the military personnel and their deployment locations, according to sources familiar with the matter. Sources indicate that approximately 10 countries are prepared to contribute troops to Ukraine. However, how the US would provide support remains unclear.Futures market data from August 20th: In the short term, precious metals are expected to fluctuate due to multiple factors, including fluctuating tariff and trade policies, adjustments to expectations for Federal Reserve rate cuts, and geopolitical conflicts. Recent US CPI data showed a modest increase, but PPI far exceeded expectations, primarily driven by rising service sector prices. Market expectations for a Fed rate cut rose before and after the data were released, then retreated. US tariff policies have repeatedly disrupted the market, with the US-China joint statement suspending tariffs for 90 days and the US-India negotiations at an impasse. Some countries have reached agreements but have yet to release implementation details, leaving uncertainty surrounding future tariff policies. Russia-Ukraine negotiations have made no substantial progress, and conflict is likely to continue until a peace agreement is reached. From a medium- to long-term fundamental perspective, the US economic policy uncertainty index remains historically high. US tariff and trade policies are not only fueling inflationary pressures in the US but will also have lasting and far-reaching impacts on other regions and countries around the world. As strategic assets, precious metals offer strong risk mitigation capabilities, and rising demand for safe-haven assets like precious metals is providing a floor for their prices. Against the backdrop of increasing downward pressure on the US economy and loose monetary policy, coupled with the continued central bank gold buying spree and strong investment in gold ETFs, precious metals still have upward driving opportunities in the future, and we recommend going long in the medium and long term.Japan is considering purchasing Turkish drones that have been combat-tested in Ukraine.On August 20, Mexican President Jose Maria Seinbaum stated on Tuesday that the Mexican government had not reached an agreement with the U.S. Drug Enforcement Administration (DEA) regarding an operation called "Project Botero" announced by the agency. In a statement on Monday, the DEA said it would launch a "bold bilateral initiative" with Mexico aimed at dismantling drug smuggling corridors. Seinbaum responded: "The DEA issued this statement, and we dont know the basis for it. We have not reached any agreement with the DEA through any security agency, and we dont know why they issued this statement."SF Express (09699.HK) announced on the Hong Kong Stock Exchange that the profit attributable to the owners of the company in the first half of 2025 is expected to increase by no less than 100% compared with the same period last year; the groups revenue is expected to increase by no less than 45% compared with the same period last year.

Trade Through 13583.75 Changes Minor Trend to Up in E-mini NASDAQ-100

Cameron Murphy

Apr 29, 2022 10:10

Investors followed the wave produced by excellent Meta Platforms results, sending June E-mini NASDAQ-100 Index futures up just after the mid-session on Thursday. The rally expanded to damaged technology and growth sectors, easing concerns about a U.S. economic slowdown in the first quarter.


June E-mini NASDAQ-100 Index futures are trading at 13399.75, up 390.75 or +3.00 percent, as of 18:04 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $327.55, up $10.79 or 3.41%.

News on the stock market

The parent company of Facebook surged 14.3% after reporting a better-than-expected earnings and seeing user growth on the social-networking site.


Apple Inc, the world's most valuable corporation, and Amazon.com Inc, the world's largest e-commerce firm, both surged more than 2% ahead of their results later in the day.

Economic News from the United States

After growing at a 6.9% annualized pace in the fourth quarter, gross domestic product declined at a 1.4 percent annualized rate in the first quarter, according to a report from the US Commerce Department. The economy was expected to expand at a pace of 1.1 percent, according to economists surveyed by Reuters.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the downturn will be signaled by a transaction through 12801.50. The major trend will turn to up if the price breaks over 14298.00.


The minor trend is similarly in the negative direction. The minor trend will be changed to up if a transaction is made through 13583.75. This will cause the momentum to move upward.


13583.75 to 12801.50 is the minor range. It is now trading around 13192.50, which represents support, on the strong side of its pivot.


15268.75 to 12801.50 is the short-term range. If the minor trend reverses, the retracement zone between 14035.25 and 14326.25 will be the next upward target.

Technical Forecast for the Daily Swing Chart

Trader response to 13192.50 will influence the direction of the June E-mini NASDAQ-100 Index into Thursday's closing.

Possibilities for Growth

The presence of buyers will be shown by a persistent advance over 13192.75. The minor peak at 13583.75 is the next goal. If this level is broken, the minor trend will shift to the upside, providing the impetus required to attack the short-term 50% level at 14035.25.

Scenario that is bearish

The presence of selling will be signaled by a prolonged move below 13192.75. This might lead to a retest of the low of the week, which was 12801.50. If this price fails, expect the selling to continue into the primary bottom at 12179.50 on March 5, 2021.