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Bernstein: Raised its target price for Mercedes-Benz from €60 to €66.On January 14th, the three major A-share indices rose and then fell back. At the close, the Shanghai Composite Index fell 0.31% to 4126.09 points; the Shenzhen Component Index rose 0.56%; and the ChiNext Index rose 0.82%. Market turnover approached 4 trillion yuan, with more than half of the stocks rising. After the midday close, the Shanghai and Shenzhen Stock Exchanges issued a notice adjusting the margin ratio for newly opened margin contracts from 80% to 100%. The Shanghai Composite Index quickly plunged into negative territory in the afternoon, falling as low as 0.85% to 4103.62 points. Tian Lihui, Dean of the Institute of Financial Development at Nankai University, stated that the adjustment of margin policies, coupled with efficient regulation of popular concept stocks, indicates that a "combination punch" of A-share regulation has been implemented. Policy adjustments aim to "cool down" the market, not "extinguish" it; the market will place greater emphasis on fundamentals and compliance in the future. Short-term fluctuations are inevitable, but the "slow bull" and "long bull" pattern is gradually being solidified. Investors need to abandon short-term speculative thinking, navigate market fluctuations with rationality and patience, and share in the dividends of Chinas high-quality economic development.Schlumberger (SLB.N) is expected to benefit from Trumps plans to exploit Venezuelan oil.On January 14th, Trip.com Group-S (09961.HK) announced that it had received an investigation notice from the State Administration for Market Regulation (“SAMR”). According to the notice, SAMR has initiated an investigation into the company in accordance with the Anti-Monopoly Law of the People’s Republic of China. The company will actively cooperate with the investigation. Currently, the company’s business operations are normal.European Commission Executive Vice-President Dombrovskis: Work is underway to make up for Ukraines funding shortfall in the first quarter.

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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