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The Israeli military says that since the start of the war, Iran has launched more than 400 ballistic missiles at Israel, 92% of which have been intercepted.On March 22, local time, Israeli Prime Minister Benjamin Netanyahu stated in the southern city of Arad that Israel is responding to Iranian attacks, but not targeting civilians. Netanyahu indicated that Israels targets are the current Iranian regime and the Islamic Revolutionary Guard Corps (IRGC), and the Israeli military will directly strike the IRGCs leaders, as well as their infrastructure and economic assets.On March 22, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, met with a delegation from the US-China Business Council in Beijing. He Lifeng stated that the China-US relationship is the most important bilateral relationship in the world today. He expressed hope that the US-China Business Council would continue to play its role as a bridge, promoting friendly exchanges and the steady and healthy development of China-US economic and trade relations. He also hoped that American companies would fully seize the opportunities presented by Chinas development, make good use of the potential of the Chinese market, and inject more stability and positive energy into China-US economic and trade relations.On March 22, Australian Climate Change and Energy Minister Chris Bowen announced that six fuel ships scheduled to arrive in Australia next month have had their voyages cancelled or postponed due to the Middle East conflict. In an interview with the Australian Broadcasting Corporation (ABC), Bowen stated that the six ships, originating from Malaysia, Singapore, and South Korea, were originally scheduled to arrive next month. He said that against the backdrop of the Middle East conflict, Australias fuel supply will experience "some fluctuations," and the government will "work with refiners and importers to mitigate the impact as much as possible." Bowen also stated that Australias current fuel reserves are slightly higher than pre-crisis levels, with gasoline reserves estimated at approximately 38 days and diesel and jet fuel reserves at approximately 30 days. Bowen ruled out the possibility of implementing fuel rationing measures in the short term.Israeli Prime Minister Netanyahu: Its time to get other world leaders into our war.

BTC Bulls Target $21,000 While ETH Breaks $1,500 Resistance

Oct 27, 2022 15:21

 截屏2022-10-27 下午3.12.06.png

 

During a breakout session on Tuesday, bitcoin (BTC) and ethereum (ETH) returned to $20,000 and $1,500, respectively. The breakout session was driven by a shift in market attitude towards the Fed, with economic indicators revealing fractures in the US economy. The technical indications have turned bullish, and the momentum supports a strong opening on Wednesday.

 

On Tuesday, bitcoin (BTC) gained 3.95 percent. BTC reversed a 1.25 percent decline from Monday to close the day at $20,104. Notably, BTC closed the day at $20,000 for the first time since October 5 while avoiding sub-$19,000 territory for the fourth session.

 

BTC fell to a morning low of $19,251 due to a negative morning. BTC rose to a late-afternoon high of $20,432 while avoiding the First Major Support Level (S1) at $19,138. BTC was able to surpass the Major Resistance Levels. BTC fell through the Third Major Resistance Level (R3) at $20,258 due to a late pullback.

 

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On Tuesday, Ethereum (ETH) rose 8.63%. ETH reversed Monday's loss of 1.47% to conclude the day at $1,460. Notably, ETH reached $1,500 for the first time since September's middle.

 

Due to a rocky start to the day, ETH fell to a low of $1,335 early on. ETH surged to a late-afternoon high of $1,525 after avoiding the First Major Support Level (S1) around $1,325. ETH surpassed the Major Resistance Levels for the day. The Third Major Resistance Level (R3) at $1,440 provided support late in the day.

 

On Tuesday, US economic figures bolstered wagers that the Fed will take a less aggressive stance in December. Mary Daly, a member of the Federal Open Market Committee, and a Wall Street Journal article published last Friday both referred to the Fed taking its foot off the throttle.

 

This week, economic statistics demonstrated the Fed's impact on the economy. The preliminary private sector PMIs for October revealed a more pronounced contraction in the services sector, along with a decline in consumer confidence.

 

The housing market was adversely affected by the impact of rising interest rates on mortgage rates, as home price growth slowed significantly.

 

There are currently no significant statistics for markets to consider. FOMC members are, however, unable to alter the narrative until November 3, due to the blackout period, which supports the bullish morning session.

 

As of this morning, the FedWatch Tool placed the likelihood of rate hikes in November and December at 95.1% and 47.2%, respectively. Prior to one week, the probability of a 75-basis-point increase in December stood at 77.0%.

 

Elon Musk's ambitions to acquire Twitter (TWTR) and news of CFTC Chairman Rostin Behnam classifying BTC and ETH as commodities are also contributing to the increase.

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