EUR/USD 1.14859
0.096%
Gold 4376.53
0.805%
Oil 95.469
-1.085%
USD/JPY 156.726
0.486%
GBP/USD 1.33935
0.269%
GBP/JPY 209.919
0.759%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 21 - According to a report by Al-Masirah TV, controlled by the Houthi rebels in Yemen, Saudi Arabian warplanes attacked a communications tower in Yemens northern Jawf province on September 20, killing four people and injuring three. The report stated that Saudi warplanes attacked the communications tower in the Hab and Shaaf districts of Jawf province, killing four workers and injuring three others. Saudi Arabia has not yet responded to the incident.According to Irans Mehr News Agency, Yemeni sources say that Saudi Arabia has launched an attack on Yemens northern province of Jawf.According to Axios, US President Trump will meet with Ukrainian President Zelensky in New York on Tuesday, as the US works toward a de-escalation agreement between Russia and Ukraine.September 21 – French President Emmanuel Macron said on the 20th that France supports the agenda of closer ties between Canada and the European Union, and supports Canada becoming a joint member of the EU. Macron made the remarks during a joint press conference with visiting Canadian Prime Minister Mark Carney in Saint-Pierre, the capital of the French overseas territory of Saint-Pierre and Miquelon. Macron said this was the first official visit by a Canadian prime minister to Saint-Pierre and Miquelon, and that the two countries would strengthen cooperation in areas such as fisheries, security, and energy.On September 21st, according to a Nikkei report, the Japanese government will collaborate with major machinery manufacturers to collect data for machine learning in physical AI applications such as autonomous robots. The project will achieve cross-manufacturer data collection by assigning unique IDs to factory equipment. Japan reportedly aims to reach a 20 trillion yen (approximately US$127 billion) AI robot industry scale by 2040, capturing over 30% of the global market share. Japan hopes to leverage its domestic manufacturing base to prepare high-quality data for machine learning, paving the way for the development of competitive, domestically produced AI robots.

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