EUR/USD 1.17014
-0.194%
Gold 4816.89
1.126%
Oil 60.330
1.473%
USD/JPY 158.145
0.004%
GBP/USD 1.34236
-0.139%
GBP/JPY 212.294
-0.122%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Jeff Bezos Blue Origin announced that it will build a communications satellite network called "Terawave," consisting of 5,408 satellites, primarily serving enterprise, data center, and government users. Deployment is expected to begin at the end of 2027.Microsoft: We have received reports and are investigating an issue affecting Microsoft 365, including Teams and Outlook.On January 22, Ubisoft Entertainment announced the cancellation of several game projects, the closure of some studios, and a downward revision of its earnings guidance. The French game developer behind the Assassins Creed series is restructuring its business into five segments. In a statement released Wednesday, the company said that due to the restructuring, it expects a loss of €1 billion (approximately $1.2 billion) before interest and taxes (EBIT) for fiscal year 2025-2026, including a one-time impairment of approximately €650 million. Ubisoft also expects net bookings for the full year to be approximately €1.5 billion, a decrease of €330 million from its previous guidance. The company stated that six games, including a remake of Prince of Persia: The Sands of Time, have been cancelled, and seven other unnamed games have been postponed. In addition, Ubisoft announced the closure of its studios in Stockholm, Sweden, and Halifax, Canada. Ubisoft stated that by March next year, it will have cut at least €100 million in fixed costs, a year ahead of schedule; and plans to cut another €200 million in costs over the next two years. Following the restructuring, Ubisoft will establish five "Creative Houses," dividing business units by game genre to enable faster and more decentralized decision-making.The China Earthquake Networks Center officially reported that a magnitude 6.0 earthquake occurred in the volcanic archipelago of Japan at 00:37 on January 22, with a focal depth of 10 kilometers.White House National Economic Council Director Hassett: A major housing policy is about to be introduced.

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.


Suggestion