EUR/USD 1.18263
0.142%
Gold 5191.77
0.535%
Oil 65.615
0.136%
USD/JPY 155.870
-0.319%
GBP/USD 1.35707
0.085%
GBP/JPY 211.531
-0.222%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 26 (KCNA) – The 9th Congress of the Workers Party of Korea concluded in Pyongyang on February 25, according to a report by the Korean Central News Agency (KCNA). In his summary report, General Secretary Kim Jong Un stated that continuously expanding and strengthening self-defense deterrence and war-fighting capabilities is North Koreas unwavering national defense policy and the most legitimate national defense strategy. Kim Jong Un said that in the Asia-Pacific region, the military activities of the US-led aggressor bloc seriously threaten the security of the Korean Peninsula and the region. Further expanding and strengthening the countrys nuclear forces and fully exercising its nuclear state status is North Koreas unwavering will. North Koreas nuclear state status plays a crucial role in deterring potential threats and maintaining regional stability; its nuclear forces are a fundamental guarantee of national security, interests, and the right to development, and a powerful security mechanism. He said that in order to enhance the military-technical capabilities of the North Korean armed forces during the new five-year plan, North Korea has raised the major issue of deploying new secret weapons and special strategic assets in the military, studied and formulated a new national defense development plan, and approved forward-looking plans.Bank of Japan board member Hajime Takada: Given the continued concern over the supply and demand situation, especially for ultra-long-term Japanese government bonds, the Bank of Japan must closely monitor the trend of long-term interest rates and communicate effectively with the market.Bank of Japan policy board member Hajime Takada: In special circumstances, the Bank of Japan may need to consider flexible measures, including purchasing Japanese government bonds.Bank of Japan board member Hajime Takada: Initial concerns about the impact of US tariffs have eased.Bank of Japan board member Hajime Takada: There is a broad consensus that the Japanese economy is no longer in deflation, and this seems to be fostering a general view that the price stability target is within reach.

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