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On January 15, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Canadian Foreign Minister Anand in Beijing. Wang Yi stated that Prime Minister Carneys visit to China marks the first visit by a Canadian prime minister in eight years, and is of pivotal and symbolic significance for bilateral relations. The two leaders will hold meetings and talks, which he believes will open new prospects for bilateral relations. China is willing to strengthen communication with Canada, enhance trust, eliminate interference, deepen cooperation, and promote the steady, solid, and sound development of bilateral relations under the new circumstances. Wang Yi stated that both sides should view each other rationally, amicably, and inclusively, handle issues with mutual respect, focus on the cooperation agenda, release positive messages, provide positive expectations for the development of bilateral relations, inject more confidence, and jointly build a new type of strategic partnership between China and Canada. Anand stated that the new Canadian government attaches great importance to its relations with China. Prime Minister Carney looks forward to in-depth communication and exchanges with Chinese leaders during this visit, clarifying the direction of bilateral relations, restarting dialogue in various fields, promoting more mutually beneficial outcomes, strengthening coordination and cooperation on multilateral affairs, and further developing the strategic partnership between the two countries.A Reuters poll showed that 52% of economists said the risk of the Bank of Japan falling behind the inflation curve was neither high nor low.A Reuters poll showed the median forecast for the Bank of Japans interest rate peak at 1.50%, up from 1.00% in a February 2025 survey.A Reuters poll showed that 60% of economists expect the Bank of Japan to raise interest rates once in 2026, while 31% expect two rate hikes.A Reuters poll showed that 97% of economists (65 out of 67) expect the Bank of Japan to keep interest rates unchanged until March.

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.


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