EUR/USD 1.07498
-0.044%
Gold 2314.76
0.041%
Oil 78.071
-0.055%
USD/JPY 154.803
0.075%
GBP/USD 1.25013
-0.049%
GBP/JPY 193.528
0.030%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Defense Secretary Austin discussed the Middle East and Gaza issues with Jordanian King Abdullah II.U.S. President Biden and business executives agreed on the importance of public-private partnership investment.CEO of Petrobras: The company will submit acquisition proposals in the renewable energy sector to the board of directors next week.[Futures market deposits hit a record high] According to Wenhua Finance data, as of now, the futures market deposits have approached 650 billion yuan, of which the commodity futures deposits have successfully reached the 400 billion yuan mark; at the same time, from the performance of individual varieties, gold continues to be the "king of money-making", with a capital increase of 8.8 billion yuan in the past month. Data shows that the futures market deposits have increased by nearly 70 billion yuan in the past month. From a classification perspective, commodity futures have become the main force of growth, increasing from 350 billion yuan to more than 400 billion yuan in the past month; at the same time, the financial futures deposits have also shown an upward trend, increasing by about 20 billion yuan in the past month. Many analysts said that due to the recent large fluctuations in international fundamentals, resource-based commodity prices have shown a rising trend, and the price center of such commodities is at a low level, and some varieties have shown their ability to "attract money", such as precious metals represented by gold and silver, and non-ferrous metals represented by copper.According to AXIOS website reporter: A person familiar with the matter said that the director of the US Central Intelligence Agency is expected to travel to Israel on Wednesday after a new round of hostage negotiations in Cairo. He is expected to meet with the Israeli prime minister and other Israeli officials.

Crypto Daily Market Highlights: Regulatory Risk and Fed Fear Weigh

Cory Russell

Mar 01, 2023 15:22

The top ten cryptocurrency index had a negative afternoon on Tuesday. The top ten entered the red with ADA's help. Bitcoin fell below $24,000 for the fourth straight session during the negative session.


Even though February's consumer confidence figures were lower than anticipated, US economic measures came up short. From 106.0 to 102.9, the CB Consumer Sentiment Index decreased.


With the S&P/CS HPI Index - 20 n.s.a increasing by 4.6% year over year in December, housing industry statistics also sent a negative indication. November saw a 6.8% increase in the Index. High US mortgage rates had an impact on demand, which slowed the increase in home prices.


To end a negative month, the NASDAQ Composite Index decreased by 0.10 percent on Tuesday. Investor mood was still being affected by the possibility of a higher for extended Fed interest rate trend. The NASDAQ mini was down 36.25 points this morning.


News about the cryptocurrency market, however, heightened the pessimism. Regulation action kept grabbing people's interest. Alarm alarms went off when it was reported that the SEC had subpoenaed Robinhood (HOOD). Moreover, there were reports that Visa (V) and Mastercard (MA) would rethink their plans for cryptocurrency.


The Day Ahead Buyers should keep an eye on the cryptocurrency news channels for any regulation developments and US lawmakers' conversations. Updates on Binance and FTX as well as information from the current SEC v. Ripple lawsuit need to be taken into account.


Interest in economic signs will also be high. Prior to the US session, China's private sector PMIs will have an impact. We anticipate that China's poor economic data will rekindle recessionary worries and test investors' desire for risky assets.


The NASDAQ Composite Index and US economic data will have an impact on the midday session. The February US industrial PMI figures will be closely watched. It would be negative if the ISM Manufacturing PMI unexpectedly dropped. However, buyers should also keep an eye on the FOMC members' daily conversations.


Suggestion