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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."

Daily Cryptocurrency Market Highlights - SOL Contradicted a Bullish Top Ten Trend

Daniel Rogers

Oct 24, 2022 15:57

 截屏2022-10-24 下午3.16.32.png

 

The top 10 cryptocurrencies had a mixed Saturday session, with solana (SOL) breaking the trend. Friday's less hawkish FOMC member talk continued to give support for the overall market despite the session's lack of volatility. The market capitalization of cryptocurrencies increased by $3.7 billion to $880,3 billion, lowering October's deficit to $26 billion.

 

The Saturday session for the top ten cryptocurrencies was mixed. Solana (SOL) defied the top ten trend, while Ethereum (ETH) and Ripple (XRP) led the way. Despite the positive session, Bitcoin failed to surpass $20,000 for the fifteenth straight day, avoiding a drop below $9,000 in the process.

 

Due to the absence of external market factors, investors were forced to evaluate FOMC member comments from Friday.

 

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.

 

Members of the Federal Open Market Committee (FOMC) are rumored to be discussing a lesser rate hike in December, which has bolstered hopes for an end to the aggressive inflation targeting policies.

 

Mary Daly, a FOMC member, stated on Friday that it is time to consider easing back, which should prevent a Fed-induced recession. Former Fed Chair and US Treasury Secretary Janet Yellen also made crypto-friendly remarks. Yellen observed no indications of inflation getting rooted in the U.S. economy.

 

The talk on Friday reduced the likelihood of a 75-basis-point rate hike in December. According to the FedWatch Tool, the chance of a 75-basis point rate hike in December has decreased from 75.4% on Thursday to 45.6%.

 

The lowering odds on a December hawkish move are crypto-positive. However, with the FOMC in its blackout period, Monday's economic data could bring uncertainty. The October PMIs for the US private sector will garner significant interest. Positive headline and subcomponent statistics could rekindle hopes for a 75-basis-point increase in December.

 

Earlier in the Monday session, China's Q3 GDP figures will also garner notice. However, we anticipate the NASDAQ 100 Mini to set the tone during the final hour of trading today (UTC). The decline in the likelihood of a December rate hike predicts a bullish start to the week.

 

After a Bullish Saturday, the Crypto Market Eyes its Third Straight Gain. The crypto market fell to a low of $872.4 billion in the early hours of the day due to a mixed start to the day. However, after finding support throughout the morning, the cryptocurrency market reached a high of $884,9 billion in the early afternoon before retreating.

 

Despite the decline, the crypto market increased by $3.7 billion to $880,3 billion by the end of the day. The crypto market lost $26 billion in October after a second consecutive increase.

 

While the start of the Sunday session is bearish, a third consecutive bullish session would be the first since September 12, the day before the August US CPI report.

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