EUR/USD 1.15557
0.026%
Gold 4670.41
0.071%
Oil 97.660
0.191%
USD/JPY 158.733
0.013%
GBP/USD 1.32274
0.009%
GBP/JPY 209.894
0.020%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US President Trump: An agreement is possible before this (US withdrawal from Iran).According to Syrian state television, the explosions heard throughout Damascus were caused by the Israeli air defense system intercepting Iranian missiles.According to the Las Vegas Review-Journal, an F-35 fighter jet crashed in rural Clark County, Nevada, on Tuesday, but the pilot ejected safely before the crash.A Reuters/Ipsos poll released on April 1st found that two-thirds of Americans believe the United States should end its war with Iran as soon as possible, even if it means failing to achieve the goals set by the Trump administration. In the survey, conducted from Friday to Sunday, approximately 66% of respondents expressed this view, while 27% said the U.S. should strive to achieve all its objectives in Iran, even if the conflict is protracted. 6% of respondents did not answer the question. Among Trumps Republicans, 40% support ending the conflict as soon as possible, even if it fails to achieve U.S. objectives, while 57% support a prolonged involvement. In the survey of 1,021 people, 60% of respondents disapproved of a U.S. military strike against Iran, while 35% approved. Two-thirds of respondents said they expect gasoline prices to worsen further over the next year, with 40% of those Republicans expecting this.On April 1st, Dubai-based Emirates Airlines announced on Tuesday that Iranian citizens are prohibited from entering or transiting through the UAE. The company did not specify the reason in a notice posted on its website. A previous notice stated that Iranians holding golden visas, senior professionals, athletes, and family members of UAE citizens were permitted entry.

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