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Futures Commentary by Everbright Futures: Overnight, international gold prices were mixed. London spot gold fluctuated narrowly, COMEX gold futures rose 0.18%, and SHFE gold fell 0.16%. The Federal Reserve will hold its March interest rate meeting early Thursday morning Beijing time. This meeting will focus on three key areas: 1. Whether monetary policy will shift. The meeting will release the latest dot plot. At the December meeting, officials were divided, with the median expectation being one rate cut (25 basis points) this year. The focus this time is whether further rate cuts are possible. 2. The Summary of Second Quarter Forecasts (SEP). Fed officials will make predictions on inflation and economic trends, especially the actual impact of the March oil price surge on inflation. 3. The Fed Chairmans post-meeting remarks. This is the first Fed meeting since the Middle East conflict. Facing rising oil prices, weak employment, and legal investigations, Chairman Powells statements at the press conference are worth watching, especially how he assesses the "two-way risk" of the oil price surge triggered by the Middle East conflict on inflation and growth. Gold may experience increased volatility after the meeting; cautious trading is advised. 4. Geopolitically, the US-Iran conflict remains unresolved. Trump stated that most NATO allies have indicated their unwillingness to be involved in US military action against Iran, and that the US "does not need anyones help." Israel stated that two senior Iranian officials have been "eliminated." 5. The US-Iran conflict remains the focus of gold trading. A buy-on-dips strategy is recommended. Regardless of future inflation or stagflation expectations, golds strategic allocation position will increase. Liquidity concerns have actually provided investors with an opportunity to buy and hold at lower prices. (This content and opinion are for reference only and do not constitute any investment advice.)S&P Global: Middle East wars will exacerbate volatility for South Korean oil refining companies.South Korean envoy: We have successfully avoided the worst-case scenario in the oil sector.March 18 – The State Council Taiwan Affairs Office held a regular press conference on March 18. The Fourth Session of the 14th National Peoples Congress reviewed and approved this years Government Work Report. How will the State Council Taiwan Affairs Office implement the Taiwan-related content in the Government Work Report? Spokesperson Chen Binhua stated that this year marks the beginning of the 15th Five-Year Plan. The Taiwan-related content in this years Government Work Report comprehensively elaborates on the major policies, principles, positions, and objectives of current Taiwan-related work, and is of great guiding significance for carrying out this years Taiwan-related work. With the successful conclusion of the 14th Five-Year Plan, my countrys economic strength, scientific and technological strength, national defense strength, and overall national strength have reached new heights, and Chinese-style modernization has taken new and solid steps, laying a more solid foundation for advancing the great cause of national reunification. The implementation of the 15th Five-Year Plan will undoubtedly provide broader development opportunities for Taiwan compatriots and enterprises.Samsung Electronics: The TV market will see slight growth this year.

ADA Price Prediction: Bulls Target $0.450 after Return to $0.400

Jimmy Khan

Oct 26, 2022 15:20

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ADA was one of the leading cryptocurrencies during the bullish Tuesday session. For the first time since September, $0.50 becomes relevant due to a change in mood.


Tuesday saw a 12.04% increase in ADA. ADA finished the day at $0.400, reversing a loss of 1.38% from the previous day. ADA avoided sub-$0.35 for the second time in seven sessions and finished the session at $0.40 for the first time in fifteen sessions.


ADA dropped to a morning low of $0.357 due to range-bound trading. ADA soared to a late high of $0.417 while avoiding the First Major Support Level (S1) at $0.352. For the first time since October 10, ADA crossed through the Major Resistance Levels to close the day at $0.400.


The breakout session was driven by a broad-based cryptocurrency surge and a persistent change in public opinion toward the Cardano network.


Cardano's investor sentiment portrays a more positive ADA outlook.


The mood of cryptocurrency investors regarding the Cardano network has significantly changed recently. Although the weekly Input Output HK (IOHK) figures did not show much promise, ADA has been able to catch up to the larger crypto market thanks to expectations of an uptick in activity.


As of Monday, October 24, ADA has decreased 22.05% since the Vasil hard fork. The cryptocurrency market, in contrast, fell 1.85%. The gap, however, started to close during Tuesday's breakout session as a result of a change in market perception of the Fed's monetary policies. The cryptocurrency market increased by a relatively moderate 4.49%, while ADA increased by 12.04%.