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On December 18th, the overnight SHIBOR was 1.2730%, down 0.20 basis points; the 7-day SHIBOR was 1.4260%, down 0.20 basis points; the 14-day SHIBOR was 1.5820%, up 11.10 basis points; the 1-month SHIBOR was 1.5500%, up 0.90 basis points; and the 3-month SHIBOR was 1.6030%, up 0.20 basis points.On December 18th, silver prices broke through $66 per ounce for the first time on Wednesday, with a year-to-date increase of nearly 130%. A new round of price surge that began that day propelled its price up by more than 4%, bringing silvers total market capitalization to $3.75 trillion, surpassing AI giant Google to become the worlds fourth-largest asset, after gold, Nvidia, and Apple.Venezuelan President Nicolás Maduro said on Wednesday that Venezuela will continue its oil trade despite US President Donald Trumps order to block oil tankers entering and leaving the country.Sources say Qatar has lowered its February Al-Shaheen crude oil price to a premium of 53 cents per barrel over Dubai quotes.On December 18th, Japanese Chief Cabinet Secretary Minoru Kihara intensified his verbal warnings about market conditions, indicating increased government sensitivity to the yens movements and rising long-term interest rates, and a verbal intervention to combat the yens weakness. Kihara stated that the government is closely monitoring market developments, including changes in long-term interest rates. This statement was widely interpreted as a warning to the foreign exchange market. Although Kihara did not directly mention the yen, his emphasis on monitoring financial conditions underscores concerns that recent depreciation could destabilize the market. His remarks come as the yen remains under pressure due to persistent yield differentials between Japan and other major economies, despite growing expectations that the Bank of Japan will continue its gradual policy normalization.

E-mini NASDAQ-100 Index In Position to Challenge Next Main Top at 12973.75

Alice Wang

Jul 22, 2022 15:36



Late in the session on Thursday, September E-mini NASDAQ-100 Index futures are trading higher, putting the index in a position to notch its third consecutive gain and the fifth higher session out of six. As initially fluctuating between gains and losses, the technology-focused index gained momentum after Tesla jumped 9.78 percent after its quarterly reports.


September E-mini NASDAQ-100 Index futures are now trading at 12591.25, up 126.00 or 1.01 percent, at 18:45 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $307.43, an increase of $4.40 or 1.45%.


Tesla may have been the session's top gainer, but shares of NetEase Inc., ASML Holding NV, and CSX Corp. all increased significantly during that time, rising 6.16 percent, 5.41 percent, and 4.24 percent, respectively.


The weekly initial unemployment claims reached a new eight-month high in the United States, while a measure of manufacturing activity in the mid-Atlantic area for July fell to its lowest level in just over two years.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The uptrend will be confirmed if a transaction is made through the intraday high of 12621.00, with the next major peak objective being 12973.75. The primary trend will switch to down if a transaction is made through 11479.25.


The midpoint is between 14327.50 and 11068.50. Its retracement range, from 12698.00 to 13082.50, is the main region to aim for on the upside.


The immediate range is between 12973.75 and 11068.50. The index is now trading between 12246.00 to 12021.00, which is support, on the high side of its retracement zone.

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