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1. Barclays: Expects to keep interest rates unchanged and may not make a clear statement on the timing of future rate cuts. A rate cut could come as early as next month, with lower inflation expectations and a weak labor market reinforcing the view that rates will be cut. 2. Goldman Sachs: Expects to keep interest rates unchanged. The vote was 7-2, and a rate cut could be more widely supported. Bailey may reiterate that there is room for rate cuts. A weak labor market will push for rate cuts to 3% in March, June, and September. 3. Capital Economics: Expects to keep interest rates unchanged, or may suggest that the next rate cut is not imminent and that rates may not fall significantly. If the prediction that CPI will fall below 2.0% comes true, then interest rates will fall to 3% instead of 3.5%. 4. Mitsubishi UFJ: Expects to keep interest rates unchanged due to stronger economic growth momentum. The more likely scenario now is a rate cut in May and another in August, bringing the benchmark rate down to 3.25%. 5. HSBC: Expected to keep interest rates unchanged. Unlike the European Central Bank, the Bank of England seems less concerned about the deflationary effects of further dollar depreciation, which could support the pound against the euro in the short term. 6. Scotiabank: Expected to keep interest rates unchanged. Since last August, the cycle of switching between rate cuts and maintaining rates has become longer, and the bank may lack a sense of urgency to cut rates. One or two more rate cuts are expected this year. 7. DBS Bank: Expected to keep interest rates unchanged. Bank of England Governor Bailey previously warned that future easing decisions would be more cautious and dependent on economic data. The pound/dollar should maintain a weak bias. 8. Oxford Economics: Expected to keep interest rates unchanged. If upcoming data gives the bank more confidence that wage growth is cooling, the next rate cut is likely to occur at the April meeting. 9. JPMorgan Chase: Expected to keep interest rates unchanged, with a 7-2 vote. The bank will raise its short-term unemployment forecast and lower its recent average wage growth and inflation forecasts, which will provide data support for a rate cut in March. 10. Nordea: Expects to keep interest rates unchanged due to more cautious wording in the previous forward guidance. The first rate cut is anticipated in March, but recent stronger growth momentum and risks favor a delay to April. 11. Trade France: Expects to keep interest rates unchanged and signal a gradual approach to rate cuts. Key swing trader Bailey is expected to support holding rates steady. A rate cut is expected at the end of April, with a high probability of two more cuts this year. 12. Morgan Stanley: Expects to keep interest rates unchanged, with a 6-3 vote and a riskier 5-4 outcome. Policy guidance is not expected to change. The terminal interest rate is expected to be 3%, with rate cuts in March, July, and November. Roth MKM: Raises Alphabet (GOOG.O) price target from $365 to $395.Sony (SONY.N): In talks with suppliers to increase memory supply; PS5-specific memory has been secured for this years holiday sales season.February 5th - The All-China Federation of Trade Unions recently released a general plan for a special campaign to protect the rights and interests of workers in new employment forms. The plan outlines ten measures to safeguard their rights. In 2026, the focus will be on establishing and recruiting trade unions in platform companies, promoting algorithm-based collective bargaining, promptly coordinating and resolving key issues, and ensuring the implementation of service projects, thereby significantly improving the quality and efficiency of rights protection services for workers in new employment forms.February 5th – The Ministry of Commerce held a regular press conference on February 5th. Recently, the Office of the United States Trade Representative issued a statement regarding the WTO ruling in the case of Chinas complaint against the U.S. Inflation Reduction Act. While acknowledging the loss, the statement criticized the WTO ruling as erroneous and claimed that the ruling demonstrates the inability of existing WTO rules to address issues such as "overcapacity." What is the Ministry of Commerces comment on this? Ministry of Commerce spokesperson He Yadong said, "We have noted the relevant statement from the U.S. side. Regarding the WTO dispute case between China and the U.S. regarding the Inflation Reduction Act, I would like to reiterate that the WTO panel has made an objective and fair ruling. This ruling reflects the basic consensus of WTO members, and the U.S., as a member of the WTO, should respect the ruling and abide by the rules."

Bitcoin – The Spring Compressed Tightly

Alina Haynes

Oct 19, 2022 15:39

 截屏2022-10-19 下午3.36.14.png

 

Bitcoin is once again trading at $19.3K, as it has been seven of the last eight mornings. Again, attempts to extend the uptrend have been greeted with rising selling pressure. A flawless month-long flat has caused the rate to decrease by 1.5% in 24 hours, increase by 0.8% in 7 days, and increase by 2.4% in 30 days. Near $1300, Ethereum trades, dropping 2.4% in 24 hours but gaining 0.65% in 7 days.

 

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 found room to move farther into the triangle's corner, pulling back from its upper boundary, and the 50-day moving average is now acting as resistance. All of this indicates that the financial world is awaiting additional clear signs before making a decisive move in either way.

 

Nevertheless, we continue to believe that the exit from this lull will be upward rather than downward - the downturn has been too protracted, and too much pessimism is already priced into prices.

 

At the same time, renowned crypto writer Ton Weiss predicted that Bitcoin's price may fall to $11,000 before regaining its footing. According to him, BTC is forming a downward triangle, similar to the triangle saw in 2018, when the value of the first cryptocurrency virtually halved. According to a second scenario, Bitcoin would continue to consolidate in a range until the end of the year.

History of the news

Glassnode cautioned that the drop in indicated and realized volatility towards historical lows portends an imminent increase in volatility.

 

Bitcoin was recognized as the oldest cryptocurrency, the first decentralized cryptocurrency, and the most expensive cryptocurrency in the most recent edition of the Guinness World Records ("Guinness World Records 2023").

 

Vitalik Buterin, co-founder of Ethereum, stated that network validators should be tolerant and refrain from censoring transactions that do not align with their values.

 

According to the Financial Conduct Authority (FCA) of the United Kingdom, bitcoin fraud has received the most investor complaints.

 

Interpol has established a dedicated unit to combat cryptocurrency crime. The Singapore-based team will help international law enforcement agencies with digital asset-related investigations.

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