EUR/USD 1.16971
-1.000%
Gold 5300.04
0.698%
Oil 70.169
4.457%
USD/JPY 157.378
0.773%
GBP/USD 1.34049
-0.534%
GBP/JPY 210.967
0.234%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Danish Defense Minister: Nuclear cooperation with France does not include the deployment of French nuclear weapons in Denmark.March 3 – Member states of the Shanghai Cooperation Organisation (SCO) expressed serious concern over developments in the Middle East and the armed attack on the Islamic Republic of Iran. The SCO member states consider the use of force unacceptable and support that resolving the current conflict through dialogue, mutual respect, and consideration of the legitimate interests of all parties, based on international law and the purposes and principles of the UN Charter, is the only way forward. The SCO member states emphasized the need to ensure Irans national sovereignty, security, and territorial integrity, and supported all parties in exercising restraint and immediately ceasing actions that could further escalate the situation. The SCO member states strongly urged the United Nations and its Security Council to take immediate measures to address actions that undermine international peace and security.The U.S. Treasury Department announced sanctions related to the Democratic Republic of Congo.French President Emmanuel Macron spoke with the leaders of Qatar, the United Arab Emirates, and Oman about Iran and the situation in the Middle East.March 3 – According to the Financial Times, SpaceX expects its Starship rocket to be ready to launch its next-generation Starlink satellites by mid-2020. Meanwhile, the company is preparing for a crucial test ahead of its IPO, which could value the company at up to $1.5 trillion. At the Mobile World Congress in Barcelona, executives from Musks rocket company gave the clearest timeline yet for the commercial debut of its next-generation rocket. Michael Nichols, senior vice president of SpaceXs Starlink business, stated that Starship will be ready in time to launch the next-generation, upgraded Starlink mobile satellite constellation by mid-2027. SpaceX President Gwen Shotwell said on the sidelines of the congress that Starships test flight is expected to take place within the next four to six weeks. Musk had previously hinted in a January social media post that Starships 12th test flight would take place in early March.

Following the GDP Miss, the E-mini S&P 500 Has Given Up Some of Its Earlier Gains

Skylar Shaw

Apr 29, 2022 10:19

微信截图_20220429094622.png


Following a good earnings announcement from Meta Platforms, June E-mini S&P 500 Index futures are trading higher immediately after the cash market opens, as the benchmark index seeks to recoup from this month's sell-off.


The June E-mini S&P 500 Index is now trading at 4194.75, up 14.50 points or 0.35 percent, at 14:28 GMT. The SPDR S&P 500 Trust ETF (SPY) is now trading at $418.48, up $1.21 or 0.29 percent.


Following a beat on results, Meta's stock jumped roughly 16 percent, indicating that investors may be seeing indications of reprieve in the battered tech industry. Prior to the announcement, the stock was down 48% year to date.

Increased Wages Sentiment in the Market

In addition to Meta's gains, Qualcomm gained more than 8% on the basis of good results, while PayPal gained over 5% despite providing disappointing second-quarter outlook.


Following their quarterly releases, McDonald's, Merck, Eli Lilly, and Southwest were all up on Thursday.


Despite a positive earnings surprise, Caterpillar's stock dropped roughly 5%. After posting weaker-than-expected earnings, Teladoc's stock dropped by more than 44%.


Traders are unconcerned by the US GDP shortfall.


In economic news, the United States' Gross Domestic Product (GDP) unexpectedly fell by 1.4 percent in the first quarter from the previous year, contrary to the 1 percent rise projected by experts polled by Dow Jones. Some investors dismissed the economic downturn, citing the rise in prices and the trade imbalance as the primary causes.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through 4136.75. The major trend will turn to up if the price breaks through 4509.00.


The minor trend is similarly in the negative direction. A trade through 4303.50 will shift momentum to the upside and turn the minor trend to up.

Swing Chart for the Day Technical Prognosis

Trader response to 4220.00 is expected to decide the direction of the June E-mini S&P 500 Index on Thursday.

Possibilities for Growth

The presence of buyers will be shown by a prolonged advance over 4220.25. Taking out the intraday high of 4258.75 would signal that the buying is becoming more powerful. Look for a burst through the resistance cluster around 4299.25 – 4303.50 if this generates enough upward momentum.

Scenario that is bearish

The presence of selling will be signaled by a persistent move below 4220.00. Look for the selling to continue towards 4136.75 if this move creates enough bearish momentum.


Taking out 4136.75 indicates that the selling pressure is increasing. This might lead to a break through the next key bottom at 4129.50, then the year's low at 4094.25.

Suggestion