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June 18th - On June 18th, the China Economic Information Service, in conjunction with Meiwang, released the "China Live Streaming E-commerce Development Report (2026)". The report shows that my countrys live streaming e-commerce industry is currently undergoing rapid iteration and has officially entered a new stage of refined operation. By 2025, the domestic live streaming e-commerce transaction volume will exceed 6 trillion yuan, a year-on-year increase of 20%. The industry is shifting from extensive traffic competition to high-quality, refined development, becoming a key engine driving online retail growth.Both WTI and Brent crude oil prices fell by $0.60 in the short term, and Kuwait Petroleum Corporation stated that Kuwait would immediately lift all force majeure declarations.Kuwait has begun increasing its oil production, which is expected to exceed 2 million barrels per day within a week. The rate of increase in Kuwaiti oil production is faster than previously anticipated.June 18 – European Central Bank Chief Economist Lane said on Thursday that despite recent declines in energy prices, eurozone inflation will remain at a high level. The ECB raised interest rates last week for the first time in nearly three years in response to a surge in energy prices since the outbreak of the Middle East conflict in late February. However, oil and gas prices subsequently fell sharply after Iran and the United States announced a peace agreement. Lane stated that the ECB has no doubt about the correctness of its decision to raise interest rates and still expects inflation to remain above the 2% target level for an extended period. He said, “We believe food prices will rise, and prices for goods and services will also rise. Even in a more moderate scenario with lower oil prices, a rate hike would be reasonable.”June 18 - European Central Bank Chief Economist Lane said on Thursday that the upper limit of the neutral range for eurozone interest rates has risen from 2.25% to 2.50%. Lane stated, "I believe our calculation of the neutral rate applies to the final interest rate level after the shock ends." "We referenced a range of neutral rate models, and we believe the upper limit of that range has gradually risen from 2.25% to 2.50%."

ETH Bulls Should Aim for a Return to $1,280 or Risk a Fall to $1,230

Daniel Rogers

Dec 12, 2022 15:34

Bitcoin (BTC) and ethereum (ETH) closed the day in the red on Sunday, due to a late-day sell-off. BTC and ETH fell due to investor reaction to news of anomalous account behavior on Binance and concern of the Federal Reserve. This morning, there was no improvement in market circumstances. ETH and BTC first tested support levels as investors reacted to the most recent Binance news. On Sunday, Ethereum (ETH) declined by 0.32 percent. ETH closed the week down 1.31% to $1,263, reversing a Saturday gain of 0.32%. ETH dipped below $1,300 for the sixth session in a row.

 

After a range-bound morning, ETH reached a high of $1,285 in the early evening. ETH surpassed the First Major Resistance Level (R1) at $1,280 before falling to an intraday low of $1,256. ETH closed the day at $1,267 after finding support at the First Major Support Level (S1) at $1,257.

 

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.

 

Bitcoin (BTC) decreased by 0.13% on Sunday. BTC concluded the week at $17,110, down 0.10 percent following a Saturday down of 0.02%. Notably, Bitcoin avoided falling below $17,000 for the third session in a row.

 

Following a bullish morning, BTC reached a high of $17,503 in the early evening. BTC breached the day's Major Resistance Levels before tumbling to a low of $17,092. BTC ended the day at $17,110, avoiding the First Major Support Level (S1) at $17,076, albeit avoiding it.

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