• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
UN Secretary-General António Guterres strongly condemns the deadly attack by Houthi rebels on King Khalid International Airport in Riyadh. Attacks on Saudi Arabian civilian infrastructure violate international law and must stop immediately.On October 11, US President Donald Trump announced Saturday evening the appointment of Katie Bailey (a former Republican aide who previously worked in Congress) to head White House liaison and strategy with Congress. Bailey will succeed James Blaid as Director of the Office of Legislative Affairs, who left in September. This office is responsible for coordinating the nomination and confirmation process for cabinet positions, maintaining relations with Congress, and advancing the White Houses legislative priorities. Bailey has served as Deputy Director of the Office of Legislative Affairs since early summer. She previously served on the nominations of Republican Senators Mike Braun of Indiana and Tom Coburn of Oklahoma, and has served on several committees. Trump praised Bailey for her excellent work in assisting with the confirmation of Homeland Security Secretary Mullin, Director of National Intelligence Clayton, and Labor Secretary Keith Sanderling, stating that she has "achieved remarkable results." Trump posted, "Katie has worked on Capitol Hill before, and she understands how the executive and legislative branches can work together most effectively to achieve great success for the American people."1. Ukrainian military claims to have struck Russian oil depot in Samara. 2. Ukrainian sources say death toll from Russian attacks in Zaporizhia has risen to 20. 3. Sources: US envoy may visit Moscow within two weeks. 4. Trump: Ukraine should not attack oil refineries; suggests a change in the Ukrainian president. 5. Zelenskyy speaks with leaders of several European countries. 6. Kremlin: Putin expressed "understanding" of some of Trumps proposals regarding de-escalation of the conflict in Ukraine during the call.October 11th - The UK government has established a new task force to address extreme weather, including the risk of flooding this winter. Following a record-breaking summer of high temperatures, the task force will meet this week to assess the UKs preparedness for potentially wet, windy, and stormy weather in the coming months, which the Met Office has described as a "significantly increased" likelihood. Environment, Food and Rural Affairs Secretary Emma Hardy stated before the meeting: "We are facing extreme weather, with the risks of flooding and drought intertwined, but the government is taking decisive action." The Environment Agency warned that approximately 6.3 million homes and businesses in England remain at risk of flooding. Hardy said: "We will put communities and businesses at the heart of our work to ensure that the UK is prepared to handle any weather conditions that may arise in the future." The Met Office stated that current seasonal forecasts indicate an increased likelihood of above-average rainfall this autumn due to El Niño. The Met Office warned that this years El Niño could be the strongest in memory, expected to peak at the end of the year.The UN Special Envoy to Yemen strongly condemns the Houthi attacks on Saudi civilian infrastructure. The Houthi attacks represent a serious escalation and add complexity to the situation. The envoy reiterates the call for the Houthis to cease their attacks on Saudi civilian targets.

S&P 500 Price Forecast – Stock Market Continues to Rally Toward Jobs Figure

Skylar Shaw

Feb 03, 2023 15:31


Technical Analysis of the S&P 500

The S&P 500 has risen a little during Thursday's trading session as it seems we will aim to reach the 4200 mark. At this point, the market will almost certainly experience some selling pressure, but there is also the upcoming release of the Non-Farm Payroll report, which is something to keep an eye on. At this point, a pullback would probably be caused by high numbers, as people will start to worry once more about the Federal Reserve and whether or not they will be required to continue tightening the monetary policy.


As the round number is definitely going to draw a lot of attention, the 200-Day EMA is sitting just above the 4000 level, and that is certainly an area that a lot of people would pay special attention to.


The market may very easily challenge the 50-Day EMA if we go below the 200-Day EMA. Much of this depends on whether or not people think that the Federal Reserve will keep its monetary policy tight and cause the economy to grow slowly. The market doesn't seem to be particularly interested in what the Federal Reserve has to say right now, at least not after the announcement on Wednesday.


As we are in the middle of earnings season, there is a lot to keep an eye on, so it makes sense in a certain sense that volatility would likely increase rather than decrease. This will move quickly towards the 4300 level if we can remove the 4200 level following the jobs number.