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August 29th - At 11:20 AM local time today (August 29th), Nigers national television broadcast a statement from the Niger Ministry of Defense stating that the situation was under control and urging the public to resume normal life. From early this morning (August 29th), the Niger capital, Niamey, experienced a night of intense gun battles. According to sources, the conflict was a mutiny orchestrated by young officers within the Niger Armed Forces. The rebel forces converged on Niamey from both Tillabéri and Doso, launching multiple attacks and targeting key facilities such as the presidential palace, Diori Hamani International Airport, and Nigers national television station, causing a temporary interruption of broadcasting by Nigers national television station.August 29th - It is predicted that from 20:00 on August 29th to 20:00 on August 30th, there is a high probability of flash floods in parts of southern Hunan and northeastern Guangxi (orange alert), with a very high probability of localized flash floods (red alert). The counties (cities, districts) affected by the alert are shown in the table below. Other areas may also experience flash floods due to localized short-duration heavy rainfall. All localities are advised to pay attention to real-time monitoring, flood warnings, and evacuation and shelter measures.The Iraqi Kurdistan Regional Government stated that oil companies have resumed operations, pushing oil production up to approximately 230,000 barrels per day.August 29th - Niamey, the capital of Niger, experienced intense gun battles overnight starting in the early hours of today (August 29th) local time. According to sources, the conflict stemmed from a mutiny orchestrated by young officers within the Nigerien Armed Forces. The rebel forces converged on Niamey from both Tillabéri and Doso, launching multiple attacks targeting key facilities such as the presidential palace, Diori Hamani International Airport, and Nigers national television station. Sources indicate that the offensives against the national television station and the presidential palace have been repelled, but clashes continue around Air Force Base 101 near the airport, with both sides still exchanging heavy fire. Nigers national television station, which had previously experienced a signal outage, has resumed broadcasting.According to TASS, Russia says it has captured Novoandryvka in the Donetsk region of Ukraine.

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.


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