EUR/USD 1.14140
0.003%
Gold 4044.28
0.919%
Oil 81.997
-0.320%
USD/JPY 162.459
-0.015%
GBP/USD 1.34377
0.057%
GBP/JPY 218.315
0.045%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Philippine Airlines has pledged to purchase up to 20 Boeing 787-10 Dreamliners.Futures Commentary by Everbright Futures: Gold prices have fluctuated amid geopolitical turmoil. According to Xinhua News Agency, US President Trump posted on social media on the 20th, hinting at a strong retaliatory action against Iran following recent US casualties. Irans Mehr News Agency reported on the 20th that explosions were heard in Hormozgan and Fars provinces in southern Iran that evening. However, the Trump administration has not completely ruled out seeking a diplomatic solution. According to China News Network, US Secretary of State Rubio stated in a media interview on the evening of the 19th that the Trump administration "remains open to a diplomatic solution." He also stated that Iran is still sending signals to the US "directly or through various channels from other countries," indicating that "they want dialogue and negotiations." With the situation highly uncertain, oil prices have struggled to rise, and gold prices have entered a sideways trading pattern. In the short term, the US-Iran conflict has failed to find a better solution, and the ongoing conflict is unlikely to effectively alleviate market concerns about inflation and interest rates. For gold, the outlook is mainly one of weak declines and corrective rebounds. It is recommended to maintain a defensive stance in the face of a highly volatile environment. Going forward, continued attention needs to be paid to the US-Iran conflict, expectations of Federal Reserve policy, and whether overseas financial markets will trigger liquidity risks due to expectations of rising interest rates.On July 21, Cai Tuanjie, Director of the Safety Supervision Department and Director of the Transport Services Department of the Ministry of Transport, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, we will focus on promoting low-carbon alternatives for transportation power, advancing the green transformation of transportation infrastructure, accelerating the optimization and adjustment of the transportation structure, continuing to deepen the fight against pollution, and improving the statistical accounting and monitoring system for carbon emissions in transportation. We will promote the green and low-carbon transformation of the transportation sector with greater efforts, laying a solid foundation for building a strong transportation nation and a beautiful China.Southern Securities double-leveraged long position in Samsung Electronics (07747.HK) surged over 14%, while Southern Securities double-leveraged long position in Hynix (07709.HK) rose over 9%.July 21 – Ant International announced today that it has completed its Series A financing round. Ant Group, along with some existing shareholders including Alibaba and several international investment institutions, participated in this round. The approximately $1.2 billion raised will be used to expand its global business, accelerate investment in cutting-edge technologies such as AI, broaden inclusive fintech services such as cross-border payments and global accounts, and help global merchants achieve growth.

Early Support for ETH and BTC, with US Economic Indicators in Focus

Alina Haynes

Nov 03, 2022 19:39

 截屏2022-11-03 下午7.34.53.png

 

Wednesday saw Bitcoin (BTC) and Ethereum (ETH) join the larger market in the red. The NASDAQ Composite Index, Bitcoin, and Ethereum all fell in response to Fed Chair Powell's news conference. Nevertheless, the technical indications continue to be optimistic, indicating upward price trends. On Wednesday, Ethereum (ETH) fell 3.80%. Reversing Tuesday's gain of 0.32%, ETH closed the day at $1,518.

 

After a turbulent morning session, ETH recovered to a high of $1,622 by late afternoon. ETH surpassed the First Major Resistance Level (R1) at $1,606 prior to falling to a late low of $1,506. ETH ended the day below $1,520 after breaking through the First Major Support Level (S1) at $1,556 and the Second Major Support Level (S2) at $1,535.

 

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.

 

On Wednesday, the price of bitcoin (BTC) plummeted by 1.63 percent. BTC ended Tuesday at $20,165, a decrease of 0.04% from its opening price.

 

BTC rose to a high of $20,817 in response to the FOMC Statement, following a range-bound morning. BTC surpassed the First Major Resistance Level (R1) at $20,686 before falling to an intraday low of $20,086. BTC went below the First and Second Major Support Levels (S1 and S2) at $20,327 and $20,154, respectively.

 

In accordance with forecasts, the Fed raised rates by 75 basis points on Wednesday. The FOMC Statement hinted at a likely policy move in December, lending credence to December Fed pivot wagers. The Rate Statement pushed BTC and ETH to their daily peaks.

 

However, Fed Chair Powell dashed prospects for a reversal, citing excessive inflation and the need to continue forward. Powell remarked that the "final level of interest rates will be higher than anticipated."

 

As a result, the NASDAQ Composite Index fell 3.36 percent, sending BTC and ETH into the negative.

 

Today, attention will be on US factory orders, jobless claims, and the ISM Non-Manufacturing PMI. We anticipate the PMI and its subcomponents to have the most effect.

 

Due to the sensitivity of BTC and ETH to US economic statistics and the FED, the correlation with the NASDAQ Composite Index remains intact. The NASDAQ 100 Mini was up 35 points this morning.


Suggestion