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The dollar pared gains against the South Korean won after South Korean authorities warned against herd behavior amid volatile foreign exchange markets.Futures News, October 13th. Economies.com analysts released their latest analysis today: Spot gold prices have continued to climb recently, fueling buoyant market sentiment and widespread expectations of a near-record high. Amidst multiple factors, including global economic uncertainty, rising geopolitical risks, and monetary policy adjustments by major central banks, spot golds appeal as a safe-haven asset has significantly increased. Analysts point to fluctuations in the US dollar index, changes in US Treasury yields, and rising inflation expectations as strong support for spot gold prices.Futures News, October 13th, Economies.com analysts latest view today: WTI crude oil futures prices rose rapidly during the session, attempting to recover some of the previous losses. Currently, the market is struggling to break out of the obvious oversold levels on the relative strength index, especially against the backdrop of a positive crossover signal supporting a potential short-term rebound.Futures News, October 13th, Economies.com analysts latest view: Brent crude oil futures prices remain in a short-term bearish trend, and prices are trading along the trendline, further reinforcing their continued position below the EMA50 moving average. The current price is attempting to recover previous losses to release the oversold condition clearly indicated by the relative strength index.On October 13th, Daiwa Research published a research report stating that JD Logistics (02618.HK) announced the acquisition of 100% equity in Dajiang and Dasheng, its wholly-owned subsidiaries engaged in local instant delivery services, from JD.com (09618.HK) for US$270 million. The transaction valuation represents an industry average trailing 12-month price-to-earnings ratio of approximately 13.1 times, including adjustments such as a liquidity discount and a controlling stake premium. Management expects JD Logistics fourth-quarter revenue to increase by a mid-double-digit percentage year-over-year after the transaction closes. Daiwa Research stated that the acquisition is not surprising and that the impact on earnings is minimal. It reiterated its "buy" rating on JD Logistics, believing that the development of its instant delivery business will drive a valuation revaluation.

ETH Bulls Should Aim for a Return to $1,280 or Risk a Fall to $1,230

Daniel Rogers

Dec 12, 2022 15:34

Bitcoin (BTC) and ethereum (ETH) closed the day in the red on Sunday, due to a late-day sell-off. BTC and ETH fell due to investor reaction to news of anomalous account behavior on Binance and concern of the Federal Reserve. This morning, there was no improvement in market circumstances. ETH and BTC first tested support levels as investors reacted to the most recent Binance news. On Sunday, Ethereum (ETH) declined by 0.32 percent. ETH closed the week down 1.31% to $1,263, reversing a Saturday gain of 0.32%. ETH dipped below $1,300 for the sixth session in a row.

 

After a range-bound morning, ETH reached a high of $1,285 in the early evening. ETH surpassed the First Major Resistance Level (R1) at $1,280 before falling to an intraday low of $1,256. ETH closed the day at $1,267 after finding support at the First Major Support Level (S1) at $1,257.

 

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 as low as 0 pips and a commission rate of $3.50 per 100,000 USD 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.

 

Bitcoin (BTC) decreased by 0.13% on Sunday. BTC concluded the week at $17,110, down 0.10 percent following a Saturday down of 0.02%. Notably, Bitcoin avoided falling below $17,000 for the third session in a row.

 

Following a bullish morning, BTC reached a high of $17,503 in the early evening. BTC breached the day's Major Resistance Levels before tumbling to a low of $17,092. BTC ended the day at $17,110, avoiding the First Major Support Level (S1) at $17,076, albeit avoiding it.

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