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U.S. Treasury Secretary Bessenter: I saw very strong foreign demand in the Treasury auctions.U.S. Treasury Secretary Bessenter: The Treasury market has shown great resilience.February 6th - Bank of England Governor Andrew Bailey appeared to agree with market predictions of a 50/50 chance of an interest rate cut in March. In an interview on Thursday, he stated, "I think by March, a 50/50 bet on a rate cut isnt too bad." This followed the Bank of Englands surprising decision to keep rates unchanged by a narrow 5-4 vote. Bailey said, "To some extent, the market is asking itself the same questions Im asking, or rather, theyre trying to figure out exactly what questions Im asking." In the latest policy meeting statement, Bailey indicated he believes there is still room for further easing, but added, "This doesnt mean I expect to lower the benchmark interest rate at any particular meeting. At the next meeting, I will ask whether a rate cut is a reasonable move." Bailey stated he needs to see "more evidence" that the central bank will remain near its 2% target level after expecting inflation to be close to that level in April. Bailey also stated that the central bank is now "closer" to the neutral interest rate level. This is partly why the Monetary Policy Committee removed the word "gradual" from its statements regarding future rate cuts.Federal Reserves Bostic: Independence means officials should look to the longer term.Federal Reserves Bostic: The Federal Reserve must be grounded and focus on the responsibilities it has been given.

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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