• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Amazon (AMZN.O) has opened its first Canadian disaster relief center in Edmonton, specifically to deal with wildfire disasters.On July 22, it was reported that Chinas Ministry of Science and Technology and the European Commission recently signed a new round of joint research funding agreements between China and the EU. According to the agreement, from 2025 to 2027, China and the EU will focus on areas such as "Agricultural, Food and Biodiversity Solutions" (FAB) and "Climate Change and Biodiversity" (CCB), jointly funding practical R&D projects between Chinese and European universities, research institutions, and enterprises to address global challenges such as climate change and provide technological solutions for achieving carbon neutrality and green, low-carbon development. As per the agreement, China will implement the joint funding mechanism through the "Key Project for Intergovernmental International Science and Technology Innovation Cooperation" under the "National Key R&D Program," while the EU will implement the joint funding mechanism through "Horizon Europe."Crude oil futures contracts rose in the short term, with SC crude oil extending its gains to 5.43%, currently trading at 559.5 yuan/barrel. Low-sulfur fuel oil (LU) rose by 5.09%, currently trading at 4930 yuan/ton. Fuel oil rose by 4.97%, currently trading at 3801 yuan/ton.July 22 - Data released on Wednesday showed that UK inflation slowed more than expected in June, reducing the likelihood of a Bank of England interest rate hike, causing the pound to fall. The June inflation rate fell to 2.6%, but core inflation remained at 2.6%, compared with economists previous forecasts of 2.7% and 2.5%. Aberdeen Investments economist Felix Feather noted in a report: "Household energy bills have not yet fully reflected the energy price shock this summer, and the UKs Gas and Electricity Markets Office (Ofgem) raising price caps will push inflation higher again in the coming months."July 22nd - Since 2026, the consumer goods trade-in policy has continued to demonstrate its effectiveness, stimulating market vitality and driving consumption upgrading. Data from the Ministry of Commerce shows that in the first half of 2026, the consumer goods trade-in program cumulatively boosted sales of related goods to 1.1 trillion yuan, benefiting 150 million people. Specifically, 3.707 million cars were traded in; 63.266 million home appliances were traded in; 79.098 million digital and smart products were purchased; and 19 local governments implemented their own category subsidy policies, boosting sales of related goods by 992,000 units.

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.