EUR/USD 1.18710
0.418%
Gold 5012.01
1.186%
Oil 63.627
0.515%
USD/JPY 156.431
-0.423%
GBP/USD 1.36391
0.153%
GBP/JPY 213.361
-0.270%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 9th, KSTAR announced that its controlling shareholder, Ningbo KSTAR Venture Capital Partnership (Limited Partnership), plans to reduce its holdings of the companys shares by no more than 5.8222 million shares, representing 1% of the companys total share capital, within three months after 15 trading days from the date of the announcement, through block trades or centralized bidding. The reason for the reduction is its own funding needs; the shares are from shares issued before the initial public offering and shares transferred through equity distribution.TD Cowen: Lowered its target price for Estée Lauder (EL.N) from $130 to $115.AMC Theatres (AMC.N) has filed for listing hybrid securities.February 9th - Morgan Stanley strategists stated that the hype surrounding artificial intelligence (AI) supports a strong sales outlook, and US tech stocks are poised for further gains. The team, led by Michael Wilson, noted that revenue growth expectations for large-cap tech stocks have reached "decade-high levels," while valuations have declined following recent market volatility. Meanwhile, the plunge in software stocks has created "attractive entry points" for companies like Microsoft and Fiat Group. The report stated, "Situations like last week are not uncommon during major investment cycles. Nevertheless, the fundamental tailwinds for AI-enabled sectors remain, and we believe the value of AI application stocks is still not fully recognized by the market."On February 9th, GivTrade strategist Hassan Fawaz noted in a report that given recent signs of a cooling US job market, any significant deviation from expectations in the January non-farm payroll data could trigger sharp fluctuations in the foreign exchange and bond markets. He stated, "If the data is weaker than expected, it could reignite market concerns about labor market momentum, strengthen expectations of monetary policy easing later this year, and thus put downward pressure on the dollar." He also pointed out that strong data could challenge these expectations, supporting the dollar and pushing up yields.

Despite Bearish BTC Session, BTC Fear & Greed Index Avoids Sub-30

Daniel Rogers

Nov 08, 2022 16:18

 截屏2022-11-08 下午4.10.25.png

 

Bitcoin (BTC) declined by 1.54% on Monday to end the day below $21,000 for the second consecutive session. BTC and the broader market dissociated from the NASDAQ Composite Index, as crypto investors await the US CPI report this week. The Bitcoin Fear & Greed Index decreased from 33/100 to 31/100 as the bearish BTC session weighed on the index.

 

Bitcoin (BTC) decreased by 1.54% on Monday. Sunday's closing BTC price was $20,609, following a 1.79% fall. Notably, Bitcoin closed the day for the second consecutive session below $21,000.

 

BTC reached a day's early high of $21,083 despite a shaky start. BTC reached a late-day low of $20,421 after failing to surpass the First Major Resistance Level (R1) at $21,240. Before partially recovering to $20,609, BTC fell through the First Major Support Level (S1) at $20,762 and the Second Major Support Level (S2) at $20,592.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

A lackluster economic calendar in the United States hindered BTC. This week, US inflation, retail sales, and consumer sentiment data will impact market sentiment towards the US economy and a December Fed turn.

 

However, the NASDAQ Composite Index increased by 0.85% on Monday, as optimism surrounding the US midterm elections provided support. Later today, the US economic calendar will feature another day of inactivity, leaving investors in suspense as the attention remains on the midterm elections. The NASDAQ mini was up 15.5 points this morning.

Suggestion