• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 21 (Observer) – British Prime Minister Keir Starmer is expected to resign and announce his departure timetable next Monday, but a government source says Starmer remains focused on his duties. Pressure on Starmers position has been mounting for months and intensified significantly on Friday after his political rival, Andy Burnham, won a seat in Parliament, enabling him to launch a formal leadership challenge. The Observer reports that Starmer is discussing the matter with his wife at his country residence, Chequers, and has not yet made a final decision, but several senior Labour Party members expect him to make a clear statement on his future as early as Monday. However, government sources emphasize that Starmer remains focused on fulfilling his duties as Prime Minister, citing his previous statements as evidence. More than 100 Labour MPs have publicly stated their desire for Starmer to resign or set a clear departure timetable, representing about a quarter of Labour MPs in the House of Commons.According to Reuters, British government sources say that Prime Minister Starmer is focused on fulfilling his duties.June 21st - According to the British newspaper *The Observer*, British Prime Minister Keir Starmer is preparing a timetable for his departure. This comes after Andy Burnham, who suffered a major defeat to the Reform Party in the Greater Manchester by-election and is scheduled to be sworn in as a Member of Parliament next Monday. His supporters claim that if Starmer does not resign, Burnham has secured the support of over 201 Labour MPs to challenge him for leadership. This number exceeds half of the Labour Party in Parliament, meaning Starmer can no longer demonstrate his confidence in the House of Commons to the King. It is reported that after several rounds of discussions with cabinet ministers, Downing Street advisors, union leaders, and party donors, Starmer has concluded that his position in power is no longer secure. Senior Labour figures believe that Starmer may issue a "clear statement" as early as Monday. A Labour MP close to Starmer said: “He has come to terms with reality. As he said, preventing ‘chaos’ is no longer possible by staying in office, so there is only one option left. I think he has seen it as a responsible choice for the country and the party.” Another senior Labour figure said that Starmer now appears to have “accepted” the reality of his resignation.June 21 – It was learned from Iran on the 21st that the Iranian negotiating delegation has arrived in Zurich, Switzerland. The Swiss Foreign Ministry also confirmed the arrival of the Iranian delegation. The Swiss Foreign Ministry stated on social media that it welcomed the Iranian delegations arrival in Switzerland, and that the delegation is en route to Bürgenberg as part of implementing the memorandum of understanding signed between the United States and Iran.On June 21, a symposium on the 9th China International Import Expo (CIIE) was held in Oslo, Norway, with representatives from approximately 40 Norwegian companies and institutions in attendance. Norwegian participants stated that all sectors in Norway highly value economic and trade cooperation with China. The CIIE, as a high-level platform for opening up to the outside world, provides Norwegian companies with a practical and efficient path to promote high-quality products, cutting-edge technologies, and professional services, and to cultivate the Chinese market. Norway will continue to pool resources and actively mobilize various Norwegian companies to participate in the CIIE, further strengthening the mutually beneficial ties between China and Norway and improving the quality and efficiency of bilateral trade cooperation.

Bitcoin (BTC) Remains Under Pressure with Fear

Jimmy Khan

Jun 20, 2022 14:25

微信截图_20220620141144.png


Bitcoin (BTC) gained 8.44 percent on Sunday. Bitcoin closed the week down 22.70 percent at $20,553, after a 7.23 percent loss on Saturday.


Bitcoin had a gloomy start to the day, falling to a low of $17,936 before making a rise.


Bitcoin rose to a late high of $20,777, staying clear of the Major Support Levels.


Before relaxing down to $20,550 levels, Bitcoin broke past the First Major Resistance Level at $20,584.

There were no external market factors steering bitcoin's course. With the US markets closed on Monday, dip-buyers provided much-needed assistance.


Despite risk aversion spreading from the US equities markets, investor appetite increased. The NASDAQ dropped 4.78 percent last week, owing to Fed monetary policy and worries of a worldwide recession.


Despite the fact that the trends were in sync, bitcoin's losses had escalated before to Sunday's recovery bounce.


The US markets are closed today in observance of Juneteenth National Independence Day, leaving the NASDAQ Mini in control. Investors should pay attention to any FOMC member discussion later today.

The Bitcoin Fear & Greed Index is Still Bearish

The Bitcoin Fear & Greed Index received some assistance from Sunday's relief surge. The Index increased from 6/100 to 9/100 this morning. Despite the rally, the Index was still stuck in the "Extreme Fear" zone.


The Index fell to 6/100 over the weekend, bringing it below March 2020 levels, when bitcoin was trading below $10,000.


Near-term obstacles include market perceptions of Fed monetary policy and worries of a worldwide recession.


Volatility will likely remain as markets analyze economic data and central bank forward guidance, barring a significant reduction in inflationary pressure.

Bitcoin Price Action (BTC)

BTC was down 2.14 percent to $20,113 at the time of writing.


BTC began the day with a mixed performance, reaching a high of $20,606 before sliding to a low of $20,031.


Early on, BTC did not test the Major Support and Resistance Levels.