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Ukrainian Foreign Minister: Russian-controlled towns are a death trap, with residents facing starvation.On October 18th, local time, Romania claimed to have shot down two drones within its territorial waters. This is the latest incident related to Russias escalated attacks on the Black Sea shipping lanes off Ukraine. The Romanian Ministry of Defense stated that on Saturday evening, after radar detected drones violating the countrys airspace, two Romanian Air Force F-16 fighter jets were scrambled and intercepted and shot down the two drones within minutes of each other. The Romanian Ministry of Defense stated that the downed drones were jet-powered Geran attack drones, a type of drone that Russia has been using in the conflict in Ukraine. Previously, a series of drone attacks targeting merchant ships occurred off the Black Sea coasts of NATO members Romania and Bulgaria, resulting in the sinking of several vessels, multiple deaths, and some missing crew members. Both countries accused Russia and demanded that their NATO allies provide more air defense and counter-drone equipment.October 18th - According to Sputnik News, Russian Deputy Prime Minister Alexander Novak stated during Russian Energy Week that oil prices will rise significantly further if the situation in the Strait of Hormuz continues. Novak said, "Currently, we are still observing that supplies through the Strait of Hormuz have not yet recovered... volatility is very high, the market is waiting for the situation to improve, while prices remain high. But if this situation continues, in my view, oil prices will surge further."US President Trump: (Regarding Iran) We utterly crushed them.On October 18th, Mercedes-Benzs AMG brand launched its first fully self-developed all-electric SUV, hoping to stand out in the increasingly competitive luxury car market with its high performance. The AMG GT SUV, starting at €113,050 (approximately US$127,060), will officially go on sale next Tuesday, with two higher-spec models planned for release next spring. This model directly competes with Porsches all-electric Cayenne, launched last November. To attract performance-oriented consumers, the AMG GT SUV boasts slightly superior power. It features three axial flux motors and an 800-volt battery system, delivering a maximum output of 1169 horsepower. The base model offers a maximum range of 668 kilometers (415 miles), while the top-spec model boasts a range of up to 700 kilometers on a single charge. The top-spec version accelerates from 0 to 100 km/h in just 2.5 seconds. This vehicle is primarily targeted at consumers who prioritize driving performance, and it will also compete with Jaguar Land Rovers upcoming first all-electric Range Rover, as well as Bentleys recently launched all-electric SUV.

S&P 500 Price Forecast – Stock Markets Pulled Back After Strong Jobs Demand

Florala Chen

Nov 02, 2022 16:51

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Technical Analysis of the S&P 500

The S&P 500 E-mini contract initially rose during Tuesday's trading session to display symptoms of FOMO once again. Having said that, the market later handed up the gains when the number of job openings in the United States turned out to be 1 million more than expected. This demonstrates how difficult it will be to begin loosening monetary policy, and Wall Street had a little wake-up call during the day. It seems that we are prepared to go lower at this time, maybe endangering the 50-Day EMA. Additionally, we must bear in mind that Wednesday's Federal Reserve pronouncement will have a significant impact on what occurs next.


We are likely to drop much farther if we break down below the 3800 level. On the other side, if we turn around and break above the day's high for Tuesday, then makes a goal of 4,000 possible. Remember that Wall Street had been expecting the Federal Reserve to potentially tone down its hawkish tone, so if they do sound as aggressive as I anticipate, it's probable that we will have a little decline.


Even if there has been a great rebound over the last several weeks, we are still most definitely in a downturn. Although there has been speculation over the last two weeks that the Federal Reserve would let the Canadians and Australians tell them what to do, the economic situation does not seem to be good, and, to be very blunt, nothing has changed.

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