EUR/USD 1.16128
0.044%
Gold 4340.75
0.222%
Oil 75.537
-0.355%
USD/JPY 160.334
-0.070%
GBP/USD 1.34302
0.031%
GBP/JPY 215.338
-0.036%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 17th - According to the China State Railway Group, a new train schedule will be implemented nationwide starting from 00:00 on July 1st, further improving transport capacity and efficiency. After the schedule adjustment, 12,174 scheduled passenger trains will be available nationwide, an increase of 106 trains compared to the current schedule. Utilizing the soon-to-be-opened Xian-Xian high-speed railway (Xian East to Shiyan East section), 58 high-speed trains will be scheduled to run from Xian East (Xian North) to Nanyang East, Hankou, Chongqing North, and other destinations, further strengthening connections between Northwest China and Central, South, and Southwest China, and shortening travel time.On June 17th, SK Hynix announced that it will eliminate all educational requirements and launch a rolling recruitment process for entry-level positions. With increasing competition in the AI semiconductor field, SK Hynix stated that it will now select talent based on actual work ability and growth potential, rather than solely on academic background. Previously, SK Hynixs job postings stipulated that "applicants must have at least a four-year bachelors degree." With the removal of this requirement, applicants can apply regardless of their educational background, as long as their work experience, job skills, and fit with the company culture meet the requirements of the position.International oil prices are under pressure as the situation in the Middle East continues to show signs of easing. A quick overview of the pre-market conversion prices of crude oil between domestic and international markets is provided in one chart.June 17th, Futures News: With further easing of US-Iran relations, crude oil prices may continue to decline. The fuel oil market is also facing bearish news and cost support, leading to cautious buying and selling sentiment among downstream traders. Risk aversion is rising, resulting in sporadic transactions driven by immediate demand. Refinery shipments are sluggish. It is expected that todays trading in slurry oil and wax oil will continue its narrow downward trend. There are currently no new contract guidelines for low-sulfur fuel oil, and negotiations are stalled at high levels. Local refineries high-sulfur fuel oil still has room for further decline.The U.S. military says it carried out a deadly strike in the eastern Pacific against a drug-trafficking vessel operated by a “terrorist organization.”

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