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On September 17, Indias Ministry of Commerce and Industry said after another round of bilateral talks in Delhi on Tuesday that India and the United States have decided to intensify efforts to reach a trade agreement as soon as possible. The Indian Ministry of Commerce and Industry said in a statement: "The talks were positive and forward-looking, covering all aspects of the trade deal. The two sides decided to intensify efforts to reach a mutually beneficial trade agreement as soon as possible." The Indian Ministry of Commerce and Industry also noted that a delegation of officials from the Office of the United States Trade Representative, led by Brendan Lynch, the chief negotiator for the India-US bilateral trade agreement, visited India.Market News: CrowdStrike (CRWD.O) and Nvidia (NVDA.O) have partnered to build, advance and protect the proxy ecosystem.The US dollar fell 1.00% against the Swiss franc USD/CHF on the day and is now trading at 0.7864.Market News: The IAM union has instructed Boeings 837 members in St. Louis to vote on Friday. Workers in Boeings defense division will vote on the unions proposed contract. Defense workers will remain on strike until Boeing accepts the unions negotiation proposal.On September 17, ECB board member Escriva said that although inflation is under control, uncertainty still exists, so the ECB must be ready to take action on interest rates. "We need to be very flexible and ready to act in any direction on monetary policy," Escriva said. "Even if our core assumptions are becoming a reality, it does not mean that uncertainties have been eliminated." The ECB has hinted that after eight interest rate cuts in a year, it is not inclined to cut interest rates further. The increase in consumer prices is roughly in line with the 2% target, and the visibility of the eurozone economy has improved after Brussels reached a trade agreement with Washington. "Anti-inflation is successful," Escriva said. "Two or three years ago, the situation was complicated. The current interest rate of 2% is reasonable for us."

S&P 500 Continues to Threaten a Breakout

Alice Wang

Jul 20, 2022 14:50

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As we continue to pose a serious danger of a large breakthrough, the S&P 500 has surged pretty considerably throughout Tuesday's trading session.

Technical Analysis of the S&P 500

Due to the continued loud behavior, the S&P 500 has shown its bullishness throughout Tuesday's trading session. Given that the 3900 region runs all the way to 3950, this market will likely continue to be highly loud. Additionally, the 50 Day EMA is also nearing this region, and earnings season is already underway. Or, to put it another way, it's a jumble of issues waiting to happen.


Short-sellers will almost certainly seize on signs of tiredness because, to be honest, the economics does not indicate that this market should rise. Additionally, there are significant issues with liquidity, so you must pay great attention to it as well. Even if the economy does have some impact on the stock market, it really really comes down to liquidity, thus the Federal Reserve's restrictive monetary policy will also have some negative effects.


Wall Street has been pretending for a while now that the US economy has improved, so when it genuinely struggles, it should not come as a major surprise that they are trying to drive the market higher. Keep in mind that Wall Street and the economy are unrelated in any way. Having said that, we have a chance to advance all the way to the 4200 level if we do break over the 4000 level. I believe the trend has shifted above that point.


Alternately, if we go below the 3700 level, it's likely that we will reach the 3640 level, which previously served as a support zone.