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Google: Introducing the "Skills" feature in Chrome to save AI-generated suggestions.April 15 (Reuters) – Two U.S. government officials said on Tuesday that the Trump administration will allow a 30-day sanctions waiver for Iranian seaborne oil to expire later this week, as the U.S. currently blocks shipments from Iranian ports. The waiver, issued by the U.S. Treasury Department on March 20, allowed approximately 140 million barrels of oil to enter the global market and eased energy supply pressures during the war with Iran. U.S. Treasury Secretary Bessant stated last month that the waiver would expire on April 19. This move comes amid criticism from lawmakers of both parties for temporarily easing sanctions on Iran and Russia amid the ongoing U.S.-Israel war and the Russia-Ukraine conflict. One U.S. official said Washington has several tools at its disposal to target entities that purchase Iranian oil, including “secondary sanctions.” The source added, “Furthermore, with the reinstatement of UN sanctions on Iran and Iran’s history of attempting to cover up its illegal activities with seemingly legitimate ones, any transaction with Iran could trigger additional sanctions.”Market news: Two U.S. officials said the U.S. will allow temporary sanctions waivers targeting Iranian oil at sea to expire this week.Federal Reserve officials Paulson, Barkin, Collins, and Governor Barr will participate in a fireside chat at the Federal Reserve Boards working forum in ten minutes.Claude: Routines in Claude Code are now in research preview. A routine (including prompt words, code repository, and connectors) only needs to be configured once to run on a schedule, be triggered by API calls, or execute automatically based on events. Routines run on web infrastructure, so theres no need to keep your local computer powered on.

Stock Markets Take a Break Ahead of Non-Farm Payroll

Cory Russell

Aug 05, 2022 15:46

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As we swing back and forth between the Friday news, the S&P 500 has been trading a little sideways throughout the day.

Technical Analysis of the S&P 500

The S&P 500 fluctuated throughout the session on Thursday since we are barely below the 200 day moving average and, of course, we have to be concerned about the employment report on Friday.


Given that circumstance, I believe an explosive move is most likely only a matter of time. If everything remained the same, one may believe that this barrier should hold, but the S&P 500 might really take off if we were to break over the 4200 mark. Although that is not my worst-case situation, I must have it in the back of my mind when I trade this.


The 4100 level, in my opinion, is critical. A far deeper correction may be seen if we were to drop below that level. We drop another 100 points or so at that moment and start looking at the 50 Day EMA.


Unfortunately, whether or not the Federal Reserve will tighten monetary policy any more forcefully depends entirely on perception. While the Fed adamantly maintains its capacity to do so, the market does not believe it. It's highly likely that the stock markets will see a little decline if the American employment report on Friday is hotter than expected. Traders will view this as yet more justification for the Federal Reserve to closely monitor its monetary policy, perhaps leading it to tighten further. In any case, I believe we are a bit overdone in the near future, but always keep an eye out for the opposite side.

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