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Nebius is in talks to acquire the Israeli artificial intelligence startup AI21.1. Market News: Ukraine claims Russian drones attacked port infrastructure in Izmail. 2. Kremlin: Welcomes the US-Iran ceasefire. Hopes the US now has more time and space to restart trilateral talks with Ukraine. 3. US Vice President Vance: Ukrainian President Zelenskys threatening remarks against Hungary and its prime minister after Hungarian Prime Minister Orbán blocked EU loans to Kyiv are "outrageous." 4. Russian Foreign Ministry spokeswoman Zakharova warned Baltic states that allowing Ukrainian drones to fly over their airspace and attack Russia poses a huge risk. 5. Russian Foreign Ministry spokeswoman Zakharova stated that claims of Russian and Iranian hacker collusion are untrue. 6. Russian External Intelligence Service: The EU has begun secretly studying the issue of establishing its own nuclear weapons production capabilities. 7. Russian Foreign Ministry summoned the Japanese ambassador to Russia regarding the Japan-Ukraine drone cooperation. 8. US Media: Trump is considering withdrawing US troops from some NATO allies, a plan that could lead to more US troops being deployed closer to the Russian border, potentially angering Moscow. 9. The United States issued a general license related to Russia, extending the exemption period for Russian (crude oil) until July 9. 10. According to sources and data, oil exports from the Russian port of Ust-Luga have resumed after a two-week suspension. 11. Indian government sources: The United States is expected to extend the exemption for Russian oil purchases. 12. Dmitry Medvedev, Deputy Chairman of the Security Council of the Russian Federation: There will never be cheap oil again.On April 9th, former Bank of Japan executive director Masaaki Kaizuka stated that the Bank of Japan is likely to raise its benchmark interest rate this month to avoid falling behind in controlling inflation. "If I were the governor of the Bank of Japan, I would say its time to act," Kaizuka said. "The war is exacerbating inflation, and if inflation expectations really start to surge, it increases the risk of the bank falling behind the situation." Kaizuka said that recent economic indicators released by the Bank of Japan suggest the bank intends to raise interest rates. Despite tensions in the Middle East and soaring oil prices, the bank did not downgrade its assessment of the regions economy earlier this week. "Anyone who follows these indicators will feel that they are clearly preparing for something," Kaizuka said. "It looks like they are very likely to take action this time."A Brazilian court issued an order exempting Total, Repsol, Petrogar, Shell, and Statoil from paying oil export taxes.Masaaki Kaizuka, a former executive director of the Bank of Japan, said the Bank of Japan may raise its benchmark interest rate this month to avoid falling behind in controlling inflation.

ETH and BTC Price Movement Determined by US Statistics and the NASDAQ

Daniel Rogers

Nov 04, 2022 17:36

截屏2022-11-04 上午11.21.34.png 

 

On Thursday, Bitcoin (BTC) and Ethereum (ETH) joined the larger market in the green. Despite Fed Chair Powell's hawkish speech on Wednesday, US economic indicators fell short of forecasts, alleviating Fed concern. The technical indications continue to be optimistic, indicating rising price movements. The price of Ethereum (ETH) increased by 0.86 percent on Thursday. ETH finished the day at $1,531, partially correcting a 3.80% drop from Wednesday.

 

Due to a rocky start to the day, ETH fell to a low of $1,515 early on. Avoiding the First Major Support Level (S1) at $1,475, ETH climbed to a morning high of $1,559. However, after falling short of the First Major Resistance Level (R1) at $1,593, ETH plummeted further below $1,530 before US economic indicators provided support.

 

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.

 

Bitcoin (BTC) climbed by 0.29% on Thursday. BTC concluded the day at $20,223, partially reversing a loss of 1.63% from Wednesday. Notably, BTC broke a four-day losing trend by avoiding sub-$20,000 territory for the ninth consecutive day.

 

BTC reached a mid-morning high of $20,404 after a strong start to the day. BTC plummeted to a midday low of $20,052 after failing to surpass the First Major Resistance Level (R1) at $20,629 during the trading session. Despite avoiding the First Major Support Level (S1) at $19,900, BTC retested $20,356 before retreating.

 

US economic figures supported cryptocurrency prices, with the crucial ISM Non-Manufacturing PMI below expectations.

 

The ISM Non-Manufacturing PMI decreased from 56.7 to 54.4 in October. Economists anticipate a drop to 55.5.

 

The subcomponents of the Index were diverse. ISM's Non-Manufacturing Employment Index decreased from 53.0 to 49.1. The Prices Index increased from 68.7 to 70.7. The unit labor costs increased by 3.5% in Q3 compared to 8.9% in Q2.

 

While the statistics were favorable for cryptocurrencies, Fed Chair Powell's recent comments weighed on the NASDAQ Composite Index. The NASDAQ Composite Index declined by 1.73 percent on Thursday.

 

The US jobs report will have a significant impact on the NASDAQ Composite Index and the cryptocurrency market today. Due to the sensitivity of BTC and ETH to US economic statistics and the FED, the correlation with the NASDAQ Composite Index remains intact. The NASDAQ 100 Mini gained 17.75 points this morning.