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On February 3, the Securities Association of China launched a summary and evaluation survey of the three-year improvement plan (2023-2025) for securities companies network and information security, requiring all securities companies to submit survey questionnaires by February 15. This evaluation survey covers six main tasks: continuously improving the level of technology governance, establishing a scientific and reasonable technology investment mechanism, enhancing the ability to plan and control information system architecture, strengthening system R&D and testing management capabilities, consolidating system operation and maintenance capabilities, and improving the information security protection system. The aim is to comprehensively verify the implementation effectiveness of the three-year improvement plan and provide a basis for decision-making for the continuous optimization of the industrys network and information security capabilities. This is the first systematic review of the industrys network security construction achievements by regulators since the plan expires in 2025.February 3 – The Fourth Session of the 16th Shanghai Municipal Peoples Congress opened on the morning of February 3 at the Shanghai World Expo Center. Shanghai Mayor Gong Zheng delivered the Government Work Report. The report showed that in the past year, Shanghai continued to strengthen its efforts to stabilize foreign trade and investment. Foreign trade achieved growth against the trend, the "four-quadrant" differentiated policy approach was further deepened, and trade diversification yielded significant results. Total imports and exports to ASEAN and countries participating in the Belt and Road Initiative increased by 10.4% and 12.1% respectively. Efforts to attract foreign investment were further intensified. An action plan to promote foreign investment was formulated and implemented, the new round of comprehensive pilot programs for expanding the opening-up of the service sector was accelerated, foreign-invested enterprises were encouraged to reinvest in China, and the overseas investment promotion coordination mechanism was strengthened. A number of major foreign investment projects in fields such as new energy vehicles and biomedicine were accelerated. Significant progress was made in work related to Hong Kong, Macao, Taiwan, and overseas Chinese affairs.February 3rd - The Fourth Session of the 16th Shanghai Municipal Peoples Congress opened on the morning of February 3rd at the Shanghai World Expo Center. Shanghai Mayor Gong Zheng delivered the "Government Work Report." The report showed that by 2025, the well-being of Shanghai residents will continue to improve. Per capita disposable income will reach 92,000 yuan, an increase of 4.1%.The most active palladium futures contract rose more than 6.00% intraday, currently trading at 440.00 yuan/gram. The most active platinum futures contract rose 2.00% intraday, currently trading at 564.55 yuan/gram.February 3rd - Crude oil prices rose slightly in early Asian trading, influenced by the US-India trade agreement. US President Trump stated on Monday that the US had agreed to reduce tariffs on India to 18%. Trump noted that Indian Prime Minister Modi "has agreed to stop buying Russian oil and instead increase purchases of US and Venezuelan oil." Analysts at ANZ Research noted in a report that, as part of the agreement, "Trump indicated he would remove the 25% additional tariff previously imposed on Indias purchases of Russian crude oil." The analysts added, "This could trigger more aggressive purchasing behavior from Indian refiners."

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.