EUR/USD 1.13886
0.018%
Gold 4041.44
-0.739%
Oil 69.469
0.120%
USD/JPY 161.795
0.027%
GBP/USD 1.32067
0.066%
GBP/JPY 213.684
0.095%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The South Korean government expects to invest 81 trillion won in the chip packaging cluster in Chungcheong Province.The South Korean government plans to build four chip factories in the southwest, with an investment of approximately 800 trillion won. Samsung Electronics will build two new semiconductor factories, and SK Hynix will build two new factories. The government expects to invest at least 30 trillion won in the chip sector over the next 15 years, including next-generation memory, edge AI, and defense.June 29th - Toyota Motor Corporation recorded its fourth consecutive month of sales decline, impacted by the turmoil in the Middle East and intense market competition. Toyota stated on Monday that its global sales in May (including those of its subsidiary Daihatsu) fell 7.4% year-on-year to 885,207 vehicles; global production declined 5.8% to 857,765 vehicles. Despite the US-Iran agreement to end the conflict, the Strait of Hormuz is only gradually reopening to navigation, and attacks on ships continue to occur. This highlights the continued heavy reliance of Toyota and other global automakers on the regions logistics corridors and energy-intensive supply chains. For Toyota, which has long held a leading global sales position, these risks are threatening its record profit levels achieved in the past fiscal year.South Korean President Lee Jae-myung: We will invest in a chip manufacturing base in the southwest region of the country.South Korean President Lee Jae-myung: The construction of the chip production facility must be completed as soon as possible.

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

Florala Chen

Aug 24, 2022 15:54

微信截图_20220824155053.png


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.

Suggestion