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On July 23, Wang Yi stated that Prime Minister Tariqs successful official visit to China last month, during which the leaders of both countries jointly announced the building of a China-Bangladesh community with a shared future in the new era, provided new strategic guidance and outlined a new blueprint for the development of bilateral relations. As a trustworthy neighbor and good friend of Bangladesh, China will, as always, support the Bangladeshi government in its smooth governance and is willing to work with Bangladesh to implement the consensus reached by the leaders of the two countries, enhance strategic communication, deepen political mutual trust, promote high-quality Belt and Road cooperation, and push forward the building of a China-Bangladesh community with a shared future in the new era, bringing more benefits to the people of both countries. Khalid stated that Bangladesh firmly adheres to the one-China principle and is willing to work with China to implement the outcomes of this visit, advance cooperation such as the China-Myanmar-Bangladesh Economic Corridor, and jointly build a China-Bangladesh community with a shared future in the new era.The Israel Defense Forces (IDF) stopped and detained several Israeli citizens attempting to cross the border into Syria in the Hermon region on Wednesday, local time. The IDF condemned this "criminal" act that endangered border security.July 23 – First, the building of a community with a shared future with neighboring countries has deepened and become more practical. China and the eight ASEAN countries have reached an important consensus on jointly building a bilateral community with a shared future, further solidifying the foundation for building a closer China-ASEAN community with a shared future. Second, trade volume has steadily increased. The upgraded protocol of the China-ASEAN Free Trade Area 3.0 was officially signed, and the two sides have been each others largest trading partners for six consecutive years, with trade volume expected to exceed one trillion US dollars by 2025. Third, cooperation has been strengthened to overcome difficulties. After the strong earthquake in Myanmar and the earthquake in Mindanao, Philippines, China provided immediate assistance, demonstrating the fine tradition of mutual support between China and ASEAN countries. Fourth, people-to-people exchanges have become more active. The China-ASEAN Year of People-to-People Exchanges (2024-2025) will host nearly 200 high-level and popular events. China has introduced a special "ASEAN Visa" to facilitate and enhance people-to-people exchanges, further strengthening the people-to-people ties between the two sides.British Chancellor of the Exchequer Healy: The goal is to improve affordability.British Chancellor of the Exchequer Healy: I will support wealth creation.

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.

 

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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.