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On November 20th, 3SBio (01530.HK) announced in Hong Kong a proposed spin-off and separate listing of its subsidiary, Mandy Semiconductor, on the Main Board of the Hong Kong Stock Exchange. As the listing of Mandy Semiconductor is subject to, among other things, approvals from relevant authorities, the final decision of the Board of Directors and the Mandy Semiconductor Board, market conditions, and other considerations, the proposed spin-off may not materialize. Shareholders and other investors are advised to exercise caution when dealing in the Companys securities.According to Hong Kong Stock Exchange documents, Mandy International has submitted a listing application to the Hong Kong Stock Exchange.US President Trump cited reports criticizing Democratic lawmakers for calling on "US military personnel to refuse to carry out undefined and illegal orders."On November 20th, B. Riley Wealth analyst Art Hogan stated that the problem lies in the significant lag in the September US non-farm payroll report, with the next report not expected until after the December Fed interest rate decision. This puts the Fed in a decision-making dilemma and does not significantly increase the probability of rate cuts in any direction. The market rally was primarily driven by solid earnings reports from Nvidia and Walmart, thus the market reaction was more driven by corporate profits than economic data.On November 20th, Ali Jaffery, an analyst at CIBC Capital Markets, commented on the US September non-farm payrolls: The Federal Reserves pause in rate hikes in December largely depends on insufficient data, thus postponing policy decisions until next year to act when complete data is available again. This may be a wiser choice, especially given the legal challenges facing tariffs.

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.

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