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On August 12th, analyst Giuseppe Dellamotta stated that silver has been steadily rising since last Tuesday, boosted by hopes of a US-Iran deal, with a weaker-than-expected non-farm payroll report providing further support. However, the upward momentum appears to be weakening and may require support from todays US CPI data to continue its gains. The CPI data is crucial for the September FOMC decision and Fed Chairman Warshs speech at the Jackson Hole symposium. Market focus will be on the core CPI month-on-month data, which is expected to be 0.2%. If the data is higher than expected, it could trigger a short-term sell-off, with traders increasing their bets on interest rate hikes. Conversely, if the data is weak or even in line with expectations, it should further reduce the risk of the Fed tightening policy and provide new upward momentum for silver.Citigroup raised its price target for AMD (SMCI.O) from $33 to $39.According to the Washington Post, the Trump administration plans to spend at least $900 million on White House construction.August 12th - Market sources indicate that Pakistan has stated the deadline for the US-Iran memorandum of understanding could be extended.On August 12th, according to Qichacha APP, Beijing Moons Dark Side Technology Co., Ltd. recently underwent an industrial and commercial registration change, with its registered capital increasing from 1.5236 million yuan to 2.2385 million yuan. Qichacha information shows that the company was established in 2023, and its business scope includes: development of basic artificial intelligence software; development of artificial intelligence application software, etc.

Despite Bearish BTC Session, BTC Fear & Greed Index Avoids Sub-30

Daniel Rogers

Nov 08, 2022 16:18

 截屏2022-11-08 下午4.10.25.png

 

Bitcoin (BTC) declined by 1.54% on Monday to end the day below $21,000 for the second consecutive session. BTC and the broader market dissociated from the NASDAQ Composite Index, as crypto investors await the US CPI report this week. The Bitcoin Fear & Greed Index decreased from 33/100 to 31/100 as the bearish BTC session weighed on the index.

 

Bitcoin (BTC) decreased by 1.54% on Monday. Sunday's closing BTC price was $20,609, following a 1.79% fall. Notably, Bitcoin closed the day for the second consecutive session below $21,000.

 

BTC reached a day's early high of $21,083 despite a shaky start. BTC reached a late-day low of $20,421 after failing to surpass the First Major Resistance Level (R1) at $21,240. Before partially recovering to $20,609, BTC fell through the First Major Support Level (S1) at $20,762 and the Second Major Support Level (S2) at $20,592.

 

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.

 

A lackluster economic calendar in the United States hindered BTC. This week, US inflation, retail sales, and consumer sentiment data will impact market sentiment towards the US economy and a December Fed turn.

 

However, the NASDAQ Composite Index increased by 0.85% on Monday, as optimism surrounding the US midterm elections provided support. Later today, the US economic calendar will feature another day of inactivity, leaving investors in suspense as the attention remains on the midterm elections. The NASDAQ mini was up 15.5 points this morning.

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