EUR/USD 1.16014
-0.739%
Gold 5266.46
-1.036%
Oil 74.804
5.784%
USD/JPY 157.706
0.226%
GBP/USD 1.32849
-0.895%
GBP/JPY 209.515
-0.665%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 3rd - According to the Ministry of Transport, it is estimated that on March 3, 2026 (the 30th day of the Spring Festival travel rush, the 15th day of the first lunar month), the total cross-regional passenger flow will reach 181.99 million person-times, a decrease of 1.9% compared to the previous day, and an increase of 0.8% compared to the same period in 2025. Railway passenger volume is estimated at 10.7 million person-times, a decrease of 19.0% compared to the previous day, and an increase of 5.8% compared to the same period in 2025.March 3 (Reuters) - Kazakhstans largest oil field, Tengiz, saw its production plummet by about 30% in early March compared to Februarys average, according to two industry sources. Exports from its Black Sea port of Novorossiysk are also facing obstacles. Tengiz accounts for 40% of Kazakhstans total oil production. The field has been attempting to resume production since a fire at power facilities on January 18 caused a large-scale shutdown. Sources indicate that Tengizs current production is far below the previously planned 950,000 barrels per day. Reuters calculations suggest that current production is 44% lower than forecast.On March 3rd, Sanjay Raja of Deutsche Bank stated in a report that if energy prices remain at current levels, the Bank of Englands pace of interest rate cuts will slow. He indicated that a rate cut in March would be uncertain, with a major consideration for policymakers being that rising energy prices could lead to more sticky inflation expectations. The next rate cut to 3.5% could be delayed until sometime in the second quarter of this year, and the final rate cut might not occur until the fourth quarter. Raja believes that if energy prices surge to $100 per barrel, the next rate cut might not occur until the second half of 2026, and the target rate could be pushed up to 3.5%. However, he also mentioned that if the surge in commodity prices reverses, the Bank of England might maintain Deutsche Banks baseline expectation of reaching the target rate of 3.25% through two rate cuts.Traders have increased their bets on a rate hike by the European Central Bank, expecting a 20% chance of a rate increase by June.Sources say India has cut gas supplies to its industrial sector due to disruptions in gas supplies from Qatar.

S&P 500 Price Forecast – Jobs Number Leads to Nothing

Cory Russell

May 07, 2022 10:52


微信截图_20220507101947.png


Technical Analysis of the S&P 500

During Friday's trading session, the S&P 500 dropped down somewhat, dipping below the 4100 barrier. We're attempting to create a hammer by spinning around to demonstrate our support. If we break through the bottom of the hammer, we'll almost certainly go considerably lower. However, if we break over the top of the hammer, the market is likely to go above the 4300 level. Although there is a lot of commotion right above us, it would make sense if we went back and forth and tried to consolidate even more.


The market seems to be deciding whether to break down any deeper, but I believe that a rebound at this time will more than likely show indications of tiredness, allowing us to resume shorting. If we were to break through the 4300 level, we may aim for the 4400 level.


At this point, I believe the market is just trying to figure out what to do next, given the tightening of the Federal Reserve, as well as high inflation and an economic downturn. In other words, it's a tremendous mess right now, and we're going to see a lot of erratic behavior that will continue to sway the market. Because we are effectively in a range-bound scenario, it should be traded accordingly.

Suggestion