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On August 29th, local time, continuous gunfire and explosions were reported in several areas of Niamey, the capital of Niger, starting in the early hours of the morning. Sources stated that militants attacked Diori Hamani International Airport and attempted to breach the security perimeter around the presidential palace. Local residents reported intense gun battles and explosions near the Niamey 101 Air Force Base, which is closely connected to Diori Hamani International Airport. Diori Hamani Airport was attacked twice this year by extremist groups and militants in January and June. Bana Ougana Ibrahim, a member of parliament from the Sahel National Union and a member of the National Transitional Council of Niger, stated on social media that the attackers targeted the 101 Air Force Base, but Nigerien security forces have brought the situation under control. The Nigerien government and military have not yet confirmed these reports.On August 29, the Russian Ministry of Defense announced on Saturday that Russian forces had struck a transshipment point at the port of Mykolaiv, Ukraine. The Ministry stated that the berthing area for refueling ships and the unloading point for fuel and lubricants were also targeted.Authorities say three people have been killed in a Ukrainian attack on Russia’s Belgorod region.On August 29th, Baidu AI Cloud announced a recent organizational restructuring of its product and R&D departments. The original Platform Products Business Unit was renamed the Intelligent Agent Business Unit, with its MaaS business, Qianfan brand, and related MaaS products transferred to the Infrastructure Business Unit. The Data Platform Department was renamed the Data Intelligence Department and transferred to the Intelligent Application Business Unit, formerly the Application Products Business Unit. Following the restructuring, the three business units of Baidu AI Cloud are now headed by Hou Zhenyu, Yin Dawei, and Ruan Yu, respectively: Hou Zhenyu is responsible for the Infrastructure Business Unit, managing AI Infra and Agent Infra; Yin Dawei is responsible for the Intelligent Agent Business Unit, focusing on Agent products such as Baidu Dazi, Miaoda, and Famou; and Ruan Yu is responsible for the Intelligent Application Business Unit, managing Baidu Yijian, Hogee, Shengsuan, and industry applications in transportation and finance. All three report directly to Shen Dou, Executive Vice President of Baidu Group and President of the Intelligent Cloud Business Group.On August 29th, at the site of the Gyirong landslide disaster in Shigatse, Tibet, the G216 National Highway was blocked due to the landslide, severely hindering the progress of rescue and relief work. On the 29th, the China Anneng Engineering team dispatched by the Ministry of Emergency Management continued its road clearing operations. It is understood that China Anneng has deployed 60 technical and skilled personnel and mobilized 28 sets of engineering rescue equipment, including excavators and loaders, to work tirelessly to clear the damaged sections of the G216 National Highway, allowing subsequent personnel and heavy machinery to enter and expedite rescue efforts. Rescue personnel are scientifically assessing disaster risks and monitoring surrounding hazards in real time to ensure the efficient implementation of subsequent rescue and relief work. According to on-site rescue personnel, after days of continuous road clearing operations by multiple engineering rescue teams, 2.5 kilometers of road have been cleared, with 1.8 kilometers remaining to the Gyirong border crossing.

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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