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Meta Platforms (META.O) saw little movement in pre-market trading, currently up 0.5%.On January 21, Yibai Pharmaceutical announced its 2025 annual performance forecast, projecting a net loss attributable to shareholders of the listed company of 285 million to 342 million yuan. This compares to a loss of 317.22 million yuan in the same period last year. During the reporting period, reduced sales of the companys main products led to a decrease in revenue, while costs and expenses, although decreasing somewhat, still exceeded revenue. Furthermore, the company expects to accrue goodwill impairment provisions of 110 million to 132 million yuan, further exacerbating the losses.According to Hong Kong Stock Exchange filings, JPMorgan Chase increased its long position in Ganfeng Lithium (01772.HK) from 5.81% to 6.53% on January 15.NATO Secretary General Rutte: I am dealing with the Greenland issue behind the scenes, but I cannot do so publicly.January 21st - Market analyst Jeremy Boulton stated that risk aversion has impacted the market in response to the latest tariff threats. The US dollar should typically rise in tandem with other safe-haven assets. Gold prices have risen $351/ounce from Fridays lows, reaching a record high of $4887. However, the dollar has fallen, indicating that market risk aversion is not strong. If the market is not fearful, traders will continue to take risks and speculate. The significant rise in gold prices actually suggests that the trade war has triggered deep-seated concerns. The trend of "selling the dollar" may reinforce Trumps stance.

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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