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On March 19th, a research report from CICC stated that the Federal Reserves decision to maintain interest rates at its March meeting was in line with market expectations. The dot plot and economic forecasts indicate upward revisions to inflation expectations and a narrowing of the room for rate cuts, suggesting a cautious overall policy stance. Although Powell believes the uncertainty surrounding oil price shocks is significant and the economy remains resilient, we believe the actual situation is more complex. Tariffs and immigration policies have already constrained supply, and coupled with the oil price shock, the US economy is entering a "stagflation-like" phase. Simultaneously, private lending risks are emerging, and financial conditions may tighten spontaneously. Against this backdrop, the Fed may remain on hold in the short term due to inflation stickiness; in the medium term, as demand weakens or financial risks escalate, policy will face pressure to passively shift towards rate cuts. We expect the Fed to maintain interest rates unchanged in the first half of the year, with a resumption of rate cuts postponed until the second half. However, if rate cuts are a passive response to a deteriorating economic or financial environment, it will be difficult to boost market risk appetite.Market news: HSBC is considering large-scale layoffs in a multi-year restructuring driven by artificial intelligence.Samsung Electronics shares fell 4%, and SK Hynix shares fell 4.2%.According to the Wall Street Journal, sources say India has purchased more than 30 million barrels of unsold Russian oil. More deals are expected soon.March 19 (Futures News) – According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed higher on Wednesday, with the benchmark contract rising by about 2%, mainly reflecting the strength of Brent crude oil futures and the potential reduction in U.S. corn planting area this spring. A research report released by Bank of America indicates that the agricultural futures market has not yet fully felt the full impact of the turmoil in the Strait of Hormuz. The ripple effect caused by the sharp fluctuations in crude oil and natural gas prices has begun to transmit to the cost side of agricultural inputs such as fertilizers and fuels. If fertilizer prices remain high and supply tightens, the expected yield of major crops such as U.S. corn may face severe challenges. According to a survey of farmers conducted by Allendale, the U.S. corn planting area this year is expected to be approximately 93.68 million acres, a decrease of 5.12 million acres from last year, and also lower than the 94 million acres predicted by the U.S. Department of Agriculture at a forum last month.

Crypto Market Daily Highlights - ETH Extends Winning Streak to Eight

Daniel Rogers

Jan 16, 2023 10:52

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The top ten cryptocurrencies had a mixed Sunday session, with ETH bucking the trend while the larger market ended a seven-day losing streak. Profit-taking and regulatory risk contributed to a turbulent Sunday session. The crypto market cap declined by $0.881 billion to close the day at $938.70 billion. It was a mixed afternoon for the crypto top 10 on Sunday. ETH bucked the top ten trend. Notably, BTC revisited $21,000 for the second time since November 7 and the bankruptcy of FTX.

 

On Sunday, neither external market forces nor crypto market catalysts contributed to the eight-session winning streak. With the US markets closed today, profit-taking left the larger crypto market with a small loss.

 

Trading Derivatives includes a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suited for all investors, so please ensure that you fully appreciate the risks involved, and get independent advice if necessary. A Product Disclosure Statement (PDS) can be received either via our website or on request from our offices and should be considered before entering into a transaction with us. 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.

 

Regulatory risk almost certainly contributed to the decline. On Thursday, US politicians were back in the spotlight. Reportedly, House Republicans intend to form a Subcommittee to oversee the digital asset market.

 

The disclosure coincides with the SEC bringing accusations against Genesis and Gemini for the unregistered offer and sale of crypto asset securities through the Gemini Earn lending program.

 

There are currently no US economic indicators for investors to evaluate. The lack of statistics will leave the crypto market to the discretion of crypto news outlets and FOMC member talk. Regulatory noise and hawkish FOMC member rhetoric may test current buyer appetite.

 

This week, US business earnings, economic indicators, and FOMC member talk will likely affect investor sentiment, as measured by the NASDAQ Index. Bets on a 25-basis-point Fed rate hike and a decline in FTX contagion risk continue to support the crypto market.


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