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August 23 - US President Trump posted late at night: "Canada wants the benefits of being a state, but doesnt want to actually be one! For years, theyve also been imposing huge tariffs on our great farmers. Enough is enough!"US President Trump: Canada has also imposed heavy tariffs on our farmers for many years.August 23 – According to the Financial Times, Indias oil purchases from Russia have reached a record high due to supply shortages caused by the Gulf conflict, making it even harder for New Delhi to shake off its dependence on Moscow. Sumit Ritolia, chief analyst at trade consultancy Kpler, said that New Delhi imported more than 2.6 million barrels of Russian oil per day in June and July, up from a low of 1 million barrels per day in February, accounting for more than half of the countrys crude oil imports. With a peace agreement between Washington and Tehran still far off, the small outflow of oil from the Strait of Hormuz has forced India to turn back to Russia to meet its oil needs. To mitigate the impact of the Gulf crisis, Trump approved partial exemptions allowing India to purchase Russian oil. With Middle Eastern gas supplies disrupted by the war, India, like many other Asian countries, has also returned to coal-fired power generation. In the decade since March 2015, Indias annual coal production has surged by 70% to 1.04 billion tons.Alibaba (09988.HK) announced its plan to place new shares in Hong Kong, with a total placement amount of HK$80 billion.Sources say Israel is in secret contact with Türkiye to prevent conflict.

BTC Fear & Greed Index Signals Steady Session Despite Bearish Mood

Skylar Shaw

Dec 29, 2022 14:15

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0.97% less bitcoin (BTC) was traded on Wednesday. BTC finished the day at $16,558 after losing 1.33% on Tuesday. Notably, BTC fell below $16,500 for the first time in eight sessions while failing to reach $17,000 for the eighth straight session.


After a rocky morning, BTC increased to a high of $16,797 in the middle of the afternoon before going backward. BTC declined to a late low of $16,444 after falling short of the First Major Resistance Level (R1) at $16,932. At $16,562, BTC breached the First Major Support Level (S1) before closing the day at $16,558.

Recession and the Fed Geopolitics and phobias transacts in NASDAQ and BTC South

Investor mood was negatively impacted by Russia's embargo on oil shipments to nations with price ceilings and China's continued relaxation of COVID-19 restrictions. The possibility of a hard landing is increased by worries that a spike in raw material demand would drive up commodity prices and force the Fed to continue raising interest rates.


A sharp increase in new COVID-19 cases throughout China, however, was equally unfavorable. The possibility of further COVID-19 versions and yet another global border closure increased the pessimistic feeling. Governments are placing restrictions on visitors from China in response to the most recent COVID-19 revelations.


Riskier assets suffered losses of 1.35% and 1.20% on the NASDAQ Index and S&P 500, respectively, as a result of the adverse attitude.


The US economic calendar is quite quiet today. However, curiosity will be piqued by US unemployment claims data. Better-than-expected results would encourage the Fed hawks given the US unemployment rate of 3.7% and the Fed's aggressive interest rate trajectory.


Investors should also keep an eye on any FOMC member discussion and the cryptocurrency news wires. Talk of the hawks would exacerbate the negative feeling. BTC is most likely to follow the NASDAQ Index throughout the afternoon session, barring any significant crypto happenings. This morning, early support came from the NASDAQ mini, which was up 18 points.


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