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February 13th - On February 12th, Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, chaired a roundtable meeting with German-invested enterprises. Representatives from over 60 German companies and associations, including the German Chamber of Commerce and Industry Beijing Representative Office, the German Chamber of Commerce in China, BASF, BMW Group, and Bayer Group, attended the meeting. Relevant departments from the Ministry of Commerce, the National Development and Reform Commission, the State Administration for Market Regulation, the State Intellectual Property Office, and the Cyberspace Administration of China interacted with the German companies, actively responding to their concerns regarding government procurement, intellectual property protection, and optimizing the business environment.Switzerlands January CPI rose 0.1% month-on-month, compared to a forecast of 0% and a previous reading of 0.00%.Switzerlands January CPI rose 0.1% year-on-year, below the expected 0.10% and the previous reading of 0.10%.February 13 – Foreign Ministry Spokesperson Lin Jian held a regular press conference on February 13. According to reports, preliminary vote counts show that the Bangladesh Nationalist Party (BNP) won a majority of seats in the Bangladesh National Assembly elections, and its chairman, Tariq Rahman, son of former Prime Minister Khaleda Zia, is expected to become Prime Minister. A Bloomberg reporter asked about this at the conference. Lin Jian stated that China has noted the smooth and successful holding of the national elections in Bangladesh, with the BNP achieving a significant lead. China supports Bangladesh in advancing its domestic political agenda and is willing to work with Bangladesh to continuously advance the China-Bangladesh comprehensive strategic cooperative partnership.February 13 – Foreign Ministry Spokesperson Lin Jian held a regular press conference on February 13. A Bloomberg reporter asked, “Japan claims it has detained a Chinese fishing vessel and arrested its captain because the vessel attempted to evade inspection after entering Japan’s exclusive economic zone. What is the Foreign Ministry’s comment on this?” Lin Jian stated that the Chinese government consistently requires Chinese fishermen to operate in accordance with laws and regulations, while resolutely safeguarding the legitimate rights and interests of Chinese fishermen. He expressed hope that Japan would strictly abide by the China-Japan Fisheries Agreement, enforce the law impartially, and protect the safety and legitimate rights and interests of the Chinese crew members.

S&P 500 Price Forecast — Stock Market Looking for Footing

Florala Chen

Aug 24, 2022 15:54

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In the E-mini contract, the S&P 500 has gained a little bit of stability during the Tuesday trading session as we get closer to a critical support level.

Technical Analysis of the S&P 500

In the early stages of the E-mini contract, the S&P 500 has moved in a rather narrow range. Having said that, this week is the Jackson Hole Symposium, which is practically guaranteed to make a lot of noise. In this case, I believe the trading public will be paying great heed to central bankers' pronouncements, which, of course, may sometimes result in complete pandemonium.


In this case, I believe we could have a brief rebound followed by increased selling pressure. The 200-Day EMA is located around 4185, and there is considerable resistance at the 4300 level above. It's also important to pay attention to the 50-Day EMA, which is at 4082 and climbing below; it may provide dynamic support.


I do believe that it is extremely possible that traders will look to the 50-Day EMA to salvage the market upward, regardless of whether or not this turns out to be the case. If we break it down below that, the market is probably just trying to get to the 4000 level. Anything below the 4000 mark indicates that we have once again altered our mentality and that more downside is yet to come.


One thing you can certainly bet on, in my opinion, is a lot of noisy volatility, mostly as a result of the central bankers' ranting in Wyoming. They will almost certainly underline their resolve to battle inflation, which means that monetary policies will continue to tighten throughout the globe.

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