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March 2nd - U.S. stock index futures opened lower on Monday, with Nasdaq and Dow futures falling more than 1%, and S&P 500 futures falling more than 0.9%.March 2 - International oil prices surged $8 at the open on Monday as escalating tensions between the US and Iran disrupted oil shipments. Brent crude reached a high of $82.37 per barrel, while WTI crude jumped to $75.33 per barrel.Goldman Sachs estimates that if the supply disruption in the Strait of Hormuz lasts for six weeks, there is a time risk premium of $18 per barrel for crude oil prices; if only 50% of the supply is disrupted for one month, the premium will decrease to $4.According to a U.S. official, the United States and Israel have launched attacks on more than 2,000 targets inside Iran to date.1. Monday: ① Data: UK February Nationwide House Price Index (MoM); Switzerland January Retail Sales (YoY); France, Germany, Eurozone, and UK February Manufacturing PMI (Final); UK January Bank of England Mortgage Approvals; US February S&P Global Manufacturing PMI (Final); US February ISM Manufacturing PMI. ② Holiday: Seoul Stock Exchange closed. 2. Tuesday: ① Data: Japan January Unemployment Rate; Eurozone February CPI (YoY, Preliminary); Eurozone February CPI (MoM, Preliminary). ② Events: Bank of Japan Governor Kazuo Ueda speaks at a fintech seminar; FOMC permanent voting member and New York Fed President Williams speaks. ③ Holiday: National Stock Exchange of India closed. 3. Wednesday: ① Data: US API and EIA crude oil inventory data for the week ending February 27; Australias Q4 GDP annual rate; Chinas official manufacturing PMI, RatingDog manufacturing PMI, and RatingDog services PMI for February; Switzerlands CPI month-on-month rate for February; final readings of services PMI for February in France, Germany, the Eurozone, and the UK; Eurozones PPI month-on-month rate and unemployment rate for January; US ADP employment change for February; final reading of the S&P Global Services PMI for February; and US ISM non-manufacturing PMI for February. ② Events: The Fourth Session of the 14th National Committee of the Chinese Peoples Political Consultative Conference (CPPCC) convenes in Beijing; Minneapolis Fed President Neel Kashkari, a 2026 FOMC voting member, delivers a speech; Bank of Canada Governor Macklem participates in a fireside chat. 4. Thursday: ① Data: French January industrial production month-on-month; Swiss February seasonally adjusted unemployment rate; Eurozone January retail sales month-on-month; US February Challenger job cuts; US initial jobless claims for the week ending February 28; US January import price index month-on-month; US February global supply chain stress index; US EIA natural gas storage for the week ending February 27. ② Events: The Fourth Session of the 14th National Peoples Congress convenes in Beijing; Saudi Aramco announces its official crude oil prices around the 5th of each month; the Federal Reserve releases its Beige Book on economic conditions. ③ Earnings reports: JD.com, Bilibili. 5. Friday: ① Data: UK February Halifax seasonally adjusted house price index month-on-month; Eurozone Q4 GDP annual rate revised; Eurozone Q4 seasonally adjusted employment quarter-on-quarter final; US February unemployment rate; US February seasonally adjusted non-farm payrolls; US January retail sales month-on-month; US February average hourly earnings year-on-year; US February average hourly earnings month-on-month; US December business inventories month-on-month. 6. Saturday: ① Data: Total number of US oil rigs for the week ending March 6; Chinas foreign exchange reserves in February. ② Event: Speech by Cleveland Fed President Hamak, a 2026 FOMC voting member, on the safe-haven status of the US dollar.

The BTC Fear & Greed Index Increases to 28/100. Despite NASDAQ Pressure

Daniel Rogers

Nov 28, 2022 14:40

截屏2022-11-28 下午2.34.32.png

 

Bitcoin (BTC) declined by 0.15% on Sunday. BTC concluded the day at $16,435 following a 0.36% decline on Saturday. Notably, Bitcoin's price remained above $16,000 for the fifth straight day while the losing skid reached four sessions.

 

BTC reached a daily high of $16,603 after a bullish start to the day. BTC reached a late-day low of $16,410 after failing to surpass the First Major Resistance Level (R1) at $16,642. BTC ended the day at $16,435, avoiding the First Major Support Level (S1) at $16,335, albeit avoiding it.

 

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 as low as 0 pips and a commission rate of $3.50 per 100,000 USD 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.

 

Following the conclusion of the US Thanksgiving holiday, there were no crypto-related news headlines to provide guidance. The trading volume remained low, with investors presumably adopting a wait-and-see stance about FTX and more contagion.

 

In recent sessions, investor opinion regarding FTX contagion has improved, preventing a relapse to sub-$16,000. Bets on a Fed turnaround in December have also been beneficial, while regulatory risk will continue to be a drag for cryptocurrencies.

 

This week, it will be necessary to observe the bankruptcy processes of FTX. More assets to make creditors whole would be seen favorably by the market.

 

Currently, there are no US economic indicators that can influence the NASDAQ Composite Index, leaving it to Fed gossip. Today, FOMC member Williams will talk. Support for a 50-basis point rate hike would give support for the NASDAQ and BTC.

 

However, the NASDAQ mini opened the week in the red (-83 points), as concerns over a new wave of COVID-19 cases in China weighed on investor sentiment.


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