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On April 13th, local time, on April 12th, after concluding his trip to Pakistan, Ghalibaf, the head of the Iranian delegation participating in the US-Iran negotiations in Islamabad, stated that the Iranian delegation had engaged in very in-depth, serious, and challenging discussions. Benefiting from the support of experts present, the delegation meticulously designed a series of measures to demonstrate Irans sincerity from a comprehensive and multifaceted perspective. He also stated that the Iranian delegation made it clear from the outset that it did not trust the Americans. The US must win Irans trust. Ghalibaf also responded to Trumps latest remarks on Iran, saying that such threats have no impact on the Iranian people. If the US wants to find a way out, the only way is to make a decision and win the trust of the Iranian people. Ghalibaf pointed out that if the US provokes, Iran will retaliate. Iran will not yield to any threats.According to Iranian state media, Irans chief negotiator, Qalibaf, told US President Trump: "If you provoke us, we will fight back; if you treat us with reason, we will treat you with reason."According to Iranian state media, Irans chief negotiator, Qalibaf, stated regarding US President Trumps new threats that such threats have no effect on the Iranian nation.According to Iranian state media, Irans chief negotiator, Qalibaf, stated that Iran has put forward several positive initiatives that fully demonstrate its sincerity, and these initiatives have promoted progress in the negotiations.April 13th - According to the Financial Times, sources revealed that the UK will not participate in the US blockade of the Strait of Hormuz. On Sunday, US President Trump claimed in an interview with Fox News that the US Navy would blockade the vital Strait of Hormuz after the failure of US-Iran peace talks. The US will deploy more minesweepers to the Strait of Hormuz. NATO also "wants to help clear the strait," and according to the source, the UK and other countries are also sending minesweepers. A British government spokesperson stated that day: "We continue to support freedom of navigation and the openness of the Strait of Hormuz, which is crucial to supporting the global economy and alleviating the cost of living domestically. There must be no tolls on navigation in the Strait of Hormuz. We are working urgently with France and other partners to form a broad coalition to protect freedom of navigation."

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.

 

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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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