EUR/USD 1.17879
0.048%
Gold 4981.70
0.113%
Oil 64.977
0.126%
USD/JPY 154.763
-0.037%
GBP/USD 1.34958
0.029%
GBP/JPY 208.869
-0.001%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 19th, the Russian Ministry of Defense issued a battle report on the 18th, stating that Russian forces had captured Kharkivka in the Sumy region and Krinichnoye in the Zaporizhzhia region, and had also attacked fuel depots, energy facilities, long-range drone launch sites used by Ukrainian forces, as well as temporary deployment points of Ukrainian armed forces and foreign mercenaries. The General Staff of the Ukrainian Armed Forces stated on the same day that, as of 10 PM local time on the 18th, a total of 201 battles had occurred in the front-line areas, including 16 attacks by Russian forces in the Konstantinovka direction, in which Ukrainian forces attacked Russian personnel and equipment.A Reuters poll shows that two-thirds of Japanese companies are concerned about Prime Minister Sanae Takaichis fiscal discipline.Dominic LeBlanc, Canadas Minister for Canada-US Trade: (When asked if Canada had discussed any contingency plans with Mexico should the US seek a bilateral agreement) No.Dominic LeBlanc, the Canadian Minister in charge of trade with the United States and Canada: I am reassured that the Mexican Minister of Economy has expressed his willingness to work with Canada and ensure that the review of the USMCA results in a trilateral trade arrangement.Conflict Status: 1. Ukraine reportedly recaptured 201 square kilometers of land in five days. 2. Russian troops have taken control of Krinichny in eastern Ukraine. 3. Russian Foreign Ministry: Dutch mercenaries flying Ukrainian aircraft will be legal targets. Peace Negotiations: 1. Russian media: No documents were signed at the Geneva talks. 2. Head of the Russian delegation: The negotiations lasted about two hours, difficult but pragmatic. A new round of talks on the Ukraine issue will be held soon. 3. White House Press Secretary: The latest round of trilateral contacts "made meaningful progress," and all parties agreed to continue negotiations. 4. Zelensky: Differences remain in current positions; European participation in peace negotiations is crucial. 5. Zelensky: The talks at the military level were substantive; political issues need further study. He hopes the next round of negotiations will be held in February. 6. Zelensky: Ukraine and Russia are "close" to forming a document on how to monitor the ceasefire; the United States will play a leading role in monitoring the ceasefire. 7. Russian Foreign Minister: Russia and the United States have agreed to establish a bilateral economic working group to discuss trade and economic issues separately. 8. Zelensky: The next round of talks with Russia will be held in Switzerland. Other developments: 1. Zelensky: Sanctions have been imposed on Belarusian President Lukashenko. 2. Hungary and Slovakia have announced a suspension of diesel exports to Ukraine. 3. The EU has adopted a comprehensive strategy to support member states bordering Russia and Ukraine. 4. Russian oil drilling activity is projected to fall to its lowest level in three years by 2025. 5. Data shows that India imported 1.1 million barrels per day of Russian oil in January, the lowest level since November 2022.

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