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Hang Seng Index futures opened 0.82% higher at 26,408 points, a premium of 171 points.November 10th - The latest summary of the Bank of Japans policy meeting indicates that the next interest rate hike could be implemented as early as December, consistent with the expectations of many market participants. At its two-day policy meeting, which concluded on October 30th, the Bank of Japans board of directors voted 7-2 to maintain the current interest rate. The minutes released on Monday (November 6th) showed that one member noted that "the conditions for further normalization of the policy rate are likely largely in place," while emphasizing the need to examine potential inflation trends. These minutes suggest that the nine-member board of directors is increasingly inclined to believe that the next interest rate hike is imminent, consistent with Governor Kazuo Uedas recent statements that "action may be taken in the coming months." With almost all market observers expecting the bank to raise borrowing costs no later than January next year, the focus has shifted to whether the rate hike will occur on December 19th or in January of the following year.Japanese Prime Minister Sanae Takaichi: We will review the goal of achieving a primary fiscal surplus and will issue instructions in January next year.Euro Stoxx 50 futures rose 1.3%, and German DAX futures rose 1.3%.On November 10th, it was reported that SanDisk, a leading flash memory manufacturer, significantly raised its NAND flash memory contract prices by as much as 50% in November. This price increase has shaken the entire storage supply chain, leading module manufacturers such as Transcend, Innodisk, and Apacer Technology to suspend shipments and reassess their pricing. Transcend, in particular, suspended its quotations and deliveries starting November 7th, citing "expectations that market conditions will continue to improve," implying that "prices may rise further."

BTC Fear & Greed Index Sends Bullish BTC Signals From the Greed Zone

Cory Russell

Feb 03, 2023 15:06


Bitcoin's (BTC) price dropped by 0.98% on Thursday. BTC finished the day at $23,491, somewhat erasing a gain of 2.54% on Wednesday. Although the period was negative, BTC managed to stay over $23,000.


BTC climbed to an early high of $24,240 after the day's positive start. The First Major Resistance Level (R1) was breached by BTC at $24,106 before it fell to a late low of $23,385. BTC instead returned $23,586 before easing down, avoiding the First Major Support Level (S1) at $23,049 instead.

A Record NASDAQ Index Session is Overshadowed by Crypto News Wires

On Thursday, there was a lot going on, including central bank activity, business results, and US economic indices. Initial unemployment claims that were better than anticipated kept worries of a harsh landing at bay. Importantly, if inflation keeps falling, strong labor market conditions could not push the Fed to pursue a more aggressive interest rate trajectory.


In a positive NASDAQ session, Meta Platforms Inc. (META) helped investors react to Fed Chair Powell's press conference more strongly. META grew by 23.28% as a result of strong quarterly results and the $40 billion repurchase announcement.


The NASDAQ Index rose 3.25 percent. The NASDAQ mini, on the other hand, fell 173.25 points this morning.


The bitcoin news updates challenged the buying interest despite the high NASDAQ session. Investor mood was negatively impacted by news that Kraken was closing its Abu Dhabi office as part of continuous cost-cutting measures, as well as the beginning of a US DoJ inquiry into Silvergate Bank and bank connections with FTX and Alameda research.


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