EUR/USD 1.18467
-0.032%
Gold 4973.44
-0.355%
Oil 63.534
-0.049%
USD/JPY 153.314
-0.130%
GBP/USD 1.36237
-0.040%
GBP/JPY 208.874
-0.157%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Reserve Bank of Australia will release the minutes of its February monetary policy meeting in ten minutes.US President Trump: I am not involved in the Saudi-UAE dispute, and I can resolve this matter.February 17th - According to foreign media reports, former Bank of Japan (BOJ) policy board member Seiji Adachi stated that the BOJ is likely to use the abundant new data available in April as an opportunity to raise interest rates, ignoring market speculation about a possible rate hike in March. Adachi said in an interview on Monday, "A March rate hike would be risky because it would be based on expectations rather than confirmation signals. April will provide a large amount of data to confirm improvements in underlying inflation." Adachis view aligns with the growing market expectation that the board, led by Governor Kazuo Ueda, might act in the spring—earlier than most economists predicted after the last rate hike in December. He stated that while there are concerns that Prime Minister Sanae Takaichi might hinder the BOJs policy normalization process, especially after her landslide victory in the election last week, she is unlikely to prevent rate hikes, as such action could be counterproductive. Adachi said, "Sanae Takaichi seems to have become very sensitive to market dynamics. If she tells the BOJ not to raise rates, the potential market reaction would be a depreciation of the yen."US President Trump: Iran has poor negotiating skills and hopes they will be more reasonable in negotiations.A Reuters poll of 29 economists showed that 27 of them believed the Indonesian central bank would keep its 7-day reverse repo rate unchanged at 4.75% on February 19.

Stock Markets Take a Break Ahead of Non-Farm Payroll

Cory Russell

Aug 05, 2022 15:46

微信截图_20220805154025.png


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.

Suggestion