EUR/USD 1.16818
0.033%
Gold 4521.41
0.051%
Oil 85.922
-0.001%
USD/JPY 158.994
-0.036%
GBP/USD 1.36341
0.032%
GBP/JPY 216.779
0.006%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Yomiuri Shimbun, the Japanese Prime Minister plans to reshuffle his cabinet in mid-to-late September.Conflict Status: 1. Kyiv Mayor: Russian airstrikes killed 8 people and injured 33 in Kyiv, Ukraine. 2. Russian Ministry of Defense: Russian forces attacked a drone parts manufacturing facility and an ammunition depot in Kyiv at night. 3. Ukrainian President Zelensky: Russia conducted a large-scale nighttime attack in the Chernihiv region of Ukraine, targeting gas infrastructure. 4. Ukrainian Prime Minister: Russia attacked food warehouses and Red Cross facilities in the Kyiv region. 5. According to TASS: An industrial complex in Nizhny Kamssk, Russia, experienced operational disruptions after a drone attack. 6. Ukrainian Military: Attacked the Taneko oil refinery and an oil terminal in the Krasnodar region of Russia. 7. Ukrainian President Zelensky: Ukraine will definitely respond to Russias large-scale attack, and the response will be through long-range strikes. Peace Negotiations: 1. Peskov: There are currently no preconditions for a peaceful resolution to the Russia-Ukraine conflict. Other Information: 1. Ukrainian Railways: Since August, the volume of grain transported by Ukraine for export has decreased by 68% month-on-month, to 342,000 tons. 2. Ukrainian Agriculture Minister: Ukraine hopes to export 600,000 tons of grain per month via Poland, 1.5 million tons via Romania, and the remaining 400,000 tons via other routes. 3. Grain exports from Russia and Ukraine to the Black Sea have almost come to a standstill.On August 21, the Federal Reserves reverse repurchase agreement (RRP) facility, open to foreign central banks and other monetary authorities, continued to see increased usage, with the balance rising for two consecutive weeks, reflecting that overseas official institutions are continuing to increase their dollar cash reserves. As of August 19, the amount of foreign entities holding funds in the Feds reverse repurchase pool rose to $373 billion, up from $357 billion a week earlier. Since August 5, the usage of this tool has increased by approximately $56 billion, marking the largest two-week increase since October 2022. The market is closely watching changes in the foreign reverse repurchase balance for signs that Japan is rebuilding dollar liquidity after intervening in the foreign exchange market last month to support the yen.Conflict Update: 1. US military updates casualty figures for the Iranian conflict: 18 dead, 757 wounded. 2. Iranian Revolutionary Guard: Houthi forces combat capabilities surge; new war will utilize "more ruthless" weapons. 3. Houthi forces: Successfully attacked Saudi Najran airport and Saudi Aramco facilities in the area. Strait of Hormuz: 1. Negotiations between Iran and Oman on a passage mechanism in the Strait of Hormuz are nearing completion. 2. Oman and Japan emphasize the urgency of opening the Strait of Hormuz. Peace Talks: 1. US officials: The White House believes talks between Iran and Oman broke down weeks ago. 2. Qatar states that current efforts are focused on mediating relations between the US and Iran. 3. Qatar seeks to join forces with Egypt to push for a US-Iran ceasefire, calling for ensuring unimpeded navigation in the strait. Other Matters: 1. Trump announces "the toughest economic action in history" against Iran. 2. Bulgarian Defense Minister: No direct threats from Iran seen. 3. US Treasury Department: The US issues new sanctions related to Iran. 4. Iranian Ambassador: Welcomes Russias assistance in improving relations between Iran and Gulf states. 5. Israeli Defense Minister: Erdogan is dragging Turkey into a dangerous adventure in Syria. 6. Iraq: Construction of new oil export pipelines may take 2-3 years. 7. Iran: The US says Iran is "on the brink of collapse," and those seeking help know who is truly in control. 8. According to CNBC: Irans inflation rate has soared to 89%, with food prices rising by 164%. 9. US Central Command says the USS George Washington aircraft carrier has been deployed to the Middle East. 10. According to CNN: Sources reveal that the USS Abraham Lincoln aircraft carrier has begun its return voyage, but remains within the Fifth Fleets operational area. 11. Six countries, including France, Germany, and Italy, issued a joint statement opposing Israels progress on the E1 settlement project. 12. Iranian Supreme National Security Council Secretary Rezaei: Faced with economic pressure from Trump, Iran should withdraw from the Treaty on the Non-Proliferation of Nuclear Weapons. 13. Iranian Foreign Ministry: Condemns the USs new economic and trade sanctions against Iran, stating that Iran will use "all tools and capabilities" to safeguard its national interests and the legitimate rights of the Iranian people. 14. Iranian Foreign Minister Araqchi: Many of Trumps remarks are intended to divert the American publics attention from the domestic financial crisis, namely the record US debt and the sharp rise in bank interest rates. 15. UK Maritime Trade Operations Office: A report has been received of an incident 136 nautical miles east of Mukalla, Yemen. An oil tanker was approached by an unauthorized vessel while transiting the western Gulf of Aden.On August 21st, sources revealed that artificial intelligence company Anthropic is planning to bring in Citigroup as a lead underwriter for its initial public offering (IPO). If the deal goes through, Citigroup will join Morgan Stanley, Goldman Sachs, and JPMorgan Chase as lead underwriters. Anthropic may file for listing with regulators as early as the end of this month. Lead underwriter status for a large IPO not only means substantial underwriting commission income but also helps improve an investment banks ranking in the equity financing market. Citigroup currently ranks among the top IPO underwriters in the US due to its participation in SpaceXs record-breaking $86.2 billion IPO. Sources indicated that Anthropics listing preparations are still underway, and the final underwriting syndicate list may be adjusted, with the possibility of adding other investment banks.

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