EUR/USD 1.15579
-0.259%
Gold 4501.57
-3.165%
Oil 96.968
2.893%
USD/JPY 159.297
0.997%
GBP/USD 1.33332
-0.723%
GBP/JPY 212.398
0.318%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 22, the Iranian military stated that several hours earlier, an enemy F-15 fighter jet was intercepted and struck by Iranian air defense forces surface-to-air missiles in airspace near the southern coast of Iran and the island of Hormuz. An investigation into the incident is underway.British Cabinet Minister Reid: There is currently no assessment to confirm that Iran plans to attack the European capital or has the capability to do so.RIA Novosti: Russian troops have taken control of Potapivka in eastern Ukraine.On March 22, Kirill Dmitriev, Russias Special Representative for Foreign Investment and Economic Cooperation, stated on social media that the EU and the UK will face a fuel crisis within two to three weeks and will be forced to implement rationing to regulate supply. "According to predictions, fuel rationing in the UK and the EU is imminent. The crisis will become clear within two to three weeks," Dmitriev wrote on the X platform on the 21st. "The reality is harsh." He also posted a photo of European Commission President Ursula von der Leyen and EU High Representative for Foreign Affairs and Security Policy Maria Kalas, among others. "Remember these people when youre at a gas station," he wrote.March 22nd - For investors eager to "buy the dip," institutions generally offered cautious advice. "Technical analysis indicates that gold prices have clearly broken through the key support level of the 60-day moving average, meaning further downside potential may be unlocked," one trader advised. Given that negative factors such as the Feds monetary policy and the dollars performance are still unfolding, the short-term downtrend is not yet over, and ordinary investors should not blindly try to catch a falling knife. They should wait for gold prices to consolidate and stabilize within the $4400-$4600/ounce range before gradually accumulating positions for medium- to long-term holding.

ETH Aims for $1,700 as Investors Return Following a Sunday Break

Daniel Rogers

Nov 01, 2022 17:52

 截屏2022-11-01 下午5.00.13.png

 

Bitcoin (BTC) and ethereum (ETH) saw losses on Sunday, but concluded the week with gains of 5.42 percent and 16.63 percent, respectively. Despite the fact that expectations of a December Fed pivot provided support throughout the week, the pair experienced profit-taking on Sunday. Nevertheless, the technical indications remain optimistic, indicating additional increases in the coming week.

 

Bitcoin (BTC) declined by 0.89% on Sunday. BTC finished the week up 5.42% at $20,647, partially offsetting Saturday's 1.08% gain. Notably, Bitcoin closed the day at $20,000 for the sixth consecutive session, averting a drop below $20,000 for the fifth consecutive day.

 

After a volatile start to the day, BTC reached a high of $20,950 by mid-morning. BTC reached a late-day low of $20,532 after failing to surpass the First Major Resistance Level (R1) at $21,092. BTC momentarily breached the First Major Support Level (S1) at $20,576 before recovering partially to $20,647.

 

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.

 

On Sunday, Ethereum (ETH) declined 1.79 percent. ETH closed the week up 16.63% to $1,591, partially reversing a 4.18% gain from Saturday.

 

ETH reached a mid-morning high of $1,640 after a positive start to the day. ETH dropped to a late-afternoon low of $1,576 after failing to surpass the First Major Resistance Level (R1) at $1,673. ETH completed the day at $1,591, avoiding the First Significant Support Level (S1) at $1,557.

 

It was a calm conclusion to a bullish week, allowing investors to lock in profits prior to a significant week on the global financial markets. On Wednesday, the Federal Reserve will announce its interest rate decision. While the markets are relying for a 75-basis-point rate hike, the crypto bulls continue to be challenged by the Fed's December plans.

 

Due to the crypto market's sensitivity to US economic statistics and the Federal Reserve, the correlation between BTC and ETH and the NASDAQ Composite Index remains intact.

 

The FedWatch Tool placed the likelihood of November and December rate rises at 86.7% and 45.5%, respectively, this morning. Prior to one week, the probability of a 75-basis-point increase in December stood at 54.9%.

Suggestion