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Baofeng Energy: It is expected that the net profit attributable to shareholders of the listed company will be RMB 11 billion to RMB 12 billion in 2025, representing a year-on-year increase of 73.57% to 89.34%. During the reporting period, the companys Inner Mongolia olefin project was put into production, and the production and sales volume of olefin products increased significantly year-on-year.The Peoples Bank of China has increased the re-lending quota for technological innovation and technological upgrading by 400 billion yuan to support the optimized implementation of policies for new economic and social development.The final reading of Frances December CPI will be released in ten minutes.On January 15, Zou Lan, Vice Governor of the Peoples Bank of China, stated at a press conference held by the State Council Information Office that the relending and rediscount quotas for supporting agriculture and small businesses will be combined, increasing the relending quota for supporting agriculture and small businesses by 500 billion yuan. A separate relending quota of 1 trillion yuan will be set aside for private enterprises within the total quota, focusing on supporting small and medium-sized private enterprises.On January 15, Zou Lan, spokesperson and vice governor of the Peoples Bank of China (PBOC), stated at a press conference held by the State Council Information Office that, based on the domestic and international economic and financial situation and the operation of financial markets, promoting stable economic growth and a reasonable recovery in prices are key considerations for monetary policy. The PBOC will flexibly and efficiently utilize various monetary policy tools, including reserve requirement ratio (RRR) cuts and interest rate cuts, to maintain ample liquidity, relatively loose social financing conditions, guide reasonable growth in the overall financial volume, and ensure balanced credit allocation. The PBOC will leverage the dual functions of monetary policy in terms of both aggregate and structural aspects, accelerate the implementation of a series of recently introduced structural monetary policy tools, and guide financial institutions to increase support for key areas such as expanding domestic demand, technological innovation, and small and medium-sized enterprises (SMEs).

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

Daniel Rogers

Nov 08, 2022 16:18

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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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