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According to South Korean media reports, the margin requirements for South Korean leveraged chip ETFs may be increased fivefold.July 15th - The market widely expects the Bank of Canada to keep its overnight interest rate unchanged at 2.25% when it announces its interest rate decision on Wednesday. This would be the sixth consecutive time the rate has remained unchanged, following a combined 50 basis point cut in September and October of last year. Royal Bank of Canada stated that the surge in oil prices over the past month has not yet shown clear signs of developing into a broader, sustained inflationary shock. The bank further noted that, at the same time, Canadian economic growth and labor market data have improved compared to previous periods. While first-quarter GDP growth unexpectedly fell short of expectations, second-quarter economic momentum strengthened, and the labor market showed further signs of stabilization in May and June. Consumer spending data remained resilient. The bank believes that overall, although the Canadian economy remains weak, per capita economic growth is expected to gradually improve. Against this backdrop, it believes the Bank of Canada is likely to maintain its interest rate unchanged throughout 2026.July 15th - According to State Grid Inner Mongolia East Electric Power, as of 24:00 on July 12th, Inner Mongolias annual ultra-high voltage power transmission reached 114.6 billion kilowatt-hours, exceeding the 100 billion mark.July 15th - According to Beijing Capital International Airport, since the start of the summer travel season, passenger throughput at the airport has increased by over 5% year-on-year, with international and regional passenger traffic maintaining a year-on-year growth rate of over 10%. It is predicted that during this summer travel season, the airport will handle over 73,000 flights and more than 12 million passengers, with the peak travel period expected in early August, reaching over 230,000 passengers per day on peak days. Since the start of the summer season, passenger traffic to and from Moscow, Paris, Dubai, Rome, Stockholm, and other destinations has increased rapidly. It is projected that by July 18th, the airports annual cumulative international and regional passenger throughput will surpass 10 million, 19 days earlier than last year.Chairman of the Petroleum Association of Japan: We will study how Japan can participate in the plans of Middle Eastern oil-producing countries to increase exports by taking routes that bypass the Strait of Hormuz, such as expanding the transport capacity of oil pipelines.

Crypto Market Daily Highlights – BNB and SOL Buck the Top Ten Trend

Cory Russell

Oct 31, 2022 15:41

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The crypto top 10 had a choppy Sunday session. The top ten trend was defied by solana (SOL) and binance coin (BNB). BTC saw its first negative session in three sessions despite avoiding the sub-$20,000 level for a fifth straight day.


The Sunday dip was probably caused by profit-taking as there was no cryptocurrency event for investors to consider.


Although the week was positive due to expectations of a December Fed turnaround, market jitters may develop before of Wednesday's FOMC interest rate decision and the crucial press conference by Fed Chair Powell.


The markets continued to factor in a 75-basis point Fed rate increase this morning. Nevertheless, there is still ambiguity about the Fed's December intentions. Labor market conditions, personal spending, and Q3 GDP data imply greater front-loading whereas private sector PMIs, housing data, and consumer confidence data indicate a less hawkish Fed.


The likelihood of rate increases in November and December, according to the FedWatch Tool, are 80.3% and 44.3%, respectively. The probability of a 75-basis point increase in December was 45.6% a week ago.


The NASDAQ 100 and cryptocurrency markets' sensitivity to US economic data and the FED maintains their short-term link. The NASDAQ 100 Mini was down 52.5 points this morning.


Bitcoin Market Declines As investors lock up profits, there is a shortfall of $1 trillion.


The cryptocurrency market increased to a mid-morning high of $996.5 billion after a rocky start to the day. The crypto market, however, dropped to a low of $962.3 billion following a downturn in the late morning and a negative afternoon.


Late support reduced the shortfall to $9.2 billion as the cryptocurrency market cap concluded the day at $972.4 billion. The crypto market increased by $74.1 billion over the course of the week despite the Sunday drop.