Last week, the Bank of Japan once again disappointed the market slightly, keeping interest rates unchanged while not releasing the signal of monetary policy shift. Although we have talked about this direction before, after Kazuo Ueda reconfirmed, the characteristics of yen returning to financing attribute have become obvious. In the future, the yen is expected to act as the vane of risk appetite. When the market panics, the yen will have a chance to strengthen obviously.The Bank of Japan announced that it will keep the target yield range of 10-year Japanese bonds unchanged at 0.5%, and at the same time, it will control the yield curve with greater flexibility, taking the upper and lower limits of the range as references in market operations, rather than rigid restrictions. Although this op

In $E-mini S&P 500 - main 2312(ESmain)$ hourly chart, I saw an interesting trading opportunity. There appears to be a breakout from a consolidation pattern, suggesting potential upward movement. I believe this breakout could have the potential to reach the resistance level in the range of 4394.25 to 4399.50 based on the hourly chart analysis. Hourly Chart However, it's essential to take a broader perspective by considering the daily chart as well. Just yesterday, there was a significant breakdown from the trendline support on the daily chart. This raises some caution flags. The current breakout on the hourly chart may be temporary and not necessarily sustainable in the long term. Daily Chart Despite this, this is

The trend of the US dollar first suppressed and then rose last week verified the effectiveness of its previous upward breakthrough. Although there are not many surprises in the news, the market sentiment is quietly changing. The U.S. stock index stagnated before the historical high, and crude oil will soon reach the real test area. On the premise of relatively low volatility, there is little chance of rapid market reversal, but the action of changing rhythm and direction seems to have started slowly.The expectation of oil price has been repeatedly mentioned in previous contents. As an important leading reference index, our observation of crude oil is continuous. After standing at the high point of last year's interval, the momentum of bulls looks fairly good. However, the real challenge of

In today's analysis, I am closely monitoring the $E-mini S&P 500 - main 2312(ESmain)$ to gauge market strength. Recent market moves have been noteworthy, as we witnessed a swift descent through two support ranges, ultimately finding temporary relief at the third support range of 4449.25-4463.25, where a bounce ensued. Currently, the market is consolidating between the first support range at 4491.75-4496.25 and the second support range at 4477.50-4485.50. 1 Hour Chart The pivotal question now is which range will yield first, as a break above could favor the bulls, while a break below could empower the bears. It's worth noting that individual stocks appear to be showing some deviation from the broader market, each exhibiting slightly differe

In today's analysis, I turn my attention to $E-mini S&P 500 - main 2312(ESmain)$, where an intriguing trade opportunity has emerged. The market has demonstrated remarkable resilience around the support range of 4491.75-4496.25, having tested this critical level three times without a break thus far. 1 Hour Chart The repeated successful tests of this support range indicate its robustness, and my opinion is that it now presents an attractive entry point for traders looking to capitalize on a potential bounce. The trade idea here is to go long at the current level, with the aim of anticipating a rebound that could retest the upper range between 4541 and 4536.50. This upper range represents a favorable target for potential gains. To safeguard t

The dollar index has gone through a long time correction in the past two weeks, but the final result seems to be that the bulls are stronger. With the breakthrough of 104.4/7 key resistance, the market completely got rid of the previous two rounds of rebound failure. Although the possibility of seesaw or repetition cannot be ruled out in the short term, in the medium-term trend, Going long dollar index may be the main direction for the rest of this year.The breakthrough of the US dollar is mainly reflected in two aspects, one is the downward trend line since the first quarter of this year, and the other is the recent weekly swing high point. Now the bulls are very close to the highest level of 105.88 in 2023. After standing higher, we can announce the launch of the new range. At present, i

In this latest market update, I will continue my analysis of the $Micro E-mini S&P 500 - Sep 2023(MES2309)$, which had been grappling with significant bearish sentiment, as previously discussed. The break above the resistance level at 4447.50 had piqued my interest, as it is sparking the possibility of a short-term bullish upswing. 1 Hour Chart The S&P 500 futures price displays remarkable resilience, consistently forming higher lows and navigating confidently within the confines of an ascending channel, signifying a robust and ongoing bullish momentum. The channel's unbroken continuity underscores the potential for the bullish sentiment to endure, contingent upon the price's ability to stay within this channel. Traders are strongly e

In today's market update, our focus remains on the $E-mini S&P 500 - main 2312(ESmain)$, which has recently grappled with a notable bearish sentiment, as discussed in previous analyses. The critical support level of 4496.25 was breached, indicating the potential for an extended bearish trend. 1 Hour Chart Current 1-Hour Chart Analysis Higher Low Formation Presently, the S&P 500 futures market is in a consolidation phase, showcasing signs of a potential shift in momentum. Notably, higher lows have been established, which is a positive development. To foster a short-term bullish outlook, it would be advantageous if the price successfully retests and maintains levels above 4447.50. Such a move would signal a higher low, raising the probab

In today's update, let’s continue to look at $E-mini S&P 500 - main 2309(ESmain)$ which has encountered a substantial bearish sentiment in recent sessions. As previously discussed, the market had breached the critical support level of 4496.25, indicating the potential for a prolonged bearish trend. 1 Hour Chart Current 1-Hour Chart Analysis Presently, the S&P 500 futures are consolidating within the range established during the previous trading session. For a potential bullish scenario to materialize, it would be favorable if the price successfully retests and holds above 449.23. Such a development would signify a higher low, increasing the likelihood of an eventual breakout to the upside. Conversely, if the price revisits the range of

The yield of the 10-year US Treasury Bond, known as the "anchor of global asset pricing", has been soaring recently. On August 22nd, the yield of the 10-year US Treasury Bond once rose to 4.364%, the highest level since November 2007, which also aroused the concern and worry of the global market. US Treasury Bond yield refers to the annualized rate of return of investors holding US government bonds, which reflects the market expectation and confidence in US economic and monetary policies. Rising yields in the US Treasury Bond mean lower bond prices and higher borrowing costs. So, why did the yield of the US Treasury Bond rise? What impact does it have on the global market? What will be the future trend?Reasons for the rise in the yield of the US Treasury BondUS economic recovery expectatio

In today's financial update, the $E-mini S&P 500 - main 2309(ESmain)$ has experienced a significant development, further emphasizing the prevailing bearish sentiment. As discussed in our previous analysis, the market had broken below the critical support level of 4496.25, indicating the potential for a sustained bearish trend. 1 Hour Chart Bearish Momentum Intensifies The market's price action has demonstrated the strength of the bearish sentiment as attempts to reclaim 4496.25 were unsuccessful. Instead, we witnessed a substantial decline, with the price reaching as low as 4447 before experiencing a brief bounce towards the range of 4466 to 4473. It's essential to note that this bounce should not be interpreted as a signal for a full-fled

In today's update, we continue to witness a bearish bias in the price action of the $E-mini S&P 500 - main 2309(ESmain)$. As we discussed in the previous analysis, the market encountered a breakout from the uptrend channel. This signals the potential emergence of a bearish trend. 1 Hour Chart Key Levels to Watch The price action currently stands at 4496.25, emphasizing the bearish sentiment observed recently. It's crucial to monitor this critical support level closely, as it plays a pivotal role in shaping the market's future direction. In the event of a breach below 4496.25, the next support zone to keep a close eye on is the range between 4477.50 and 4485.50. This range represents a significant support area, and