EUR/USD 1.15072
-0.007%
Gold 4051.38
-0.096%
Oil 78.623
-0.164%
USD/JPY 157.406
0.155%
GBP/USD 1.34285
-0.027%
GBP/JPY 211.377
0.135%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Amazon (AMZN.O) founder Jeff Bezos sold $4.07 billion worth of stock.Conflict Situation 1. Israel – ① The Israeli parliament approved an extension of the emergency mobilization order for the armed forces. 2. Iran – ① Revolutionary Guard: An MQ-9 drone was intercepted and shot down by the Revolutionary Guards Aerospace Forces advanced air defense system over the Strait of Hormuz. ② Military advisor to Irans Supreme Leader: We possess missiles and have the capability for self-defense. Even if the United States sends warships into the Strait of Hormuz through unauthorized routes, we will strike them. US-Iran Negotiations 1. Iran – ① Iranian Foreign Ministry spokesman Bagae: (Regarding negotiations with the US) There are no plans to receive a (US) delegation or send an Iranian delegation "in recent days". 2. United States – ① Trump: The duplicitousness of the Iranian leadership is unbelievable. They requested a meeting, negotiations have begun, and more talks are scheduled for the coming days, proceeding in two phases. ③ US officials: There are currently no plans to hold new Iran negotiations. 3. Others – ① Sources: US and Iranian negotiators have no plans to meet in Islamabad for at least the next 24 hours. The date and location for the resumption of direct negotiations have not yet been finalized. ② Swiss Foreign Ministry: Switzerland is in contact with all relevant countries and is prepared to provide necessary assistance if both sides are willing. ③ Report: There is cautious optimism regarding the prospects for a breakthrough in the US-Iran negotiations; the mediators need some time to reach an agreement on the upcoming ceasefire declaration. ④ Sources: The Pakistani Interior Minister plans to visit Iran in the next day or two. Strait of Hormuz 1. United States—① US military: Continues maritime blockade of Iran, has changed the routes of 44 merchant ships. ② Trump: The conflict with Iran is progressing very well; the Strait of Hormuz is controlled by the US Navy. Nothing can enter Iran without US approval; Iran will not be allowed to collect passage fees in the Strait of Hormuz; the Strait of Hormuz may reopen no later than tomorrow. 2. Iran—① Iranian Foreign Ministry: Currently not in dialogue with the US; dialogue with Oman is focused on the Straits agreement. ② Iran: Has discussed opening new shipping routes in the Strait of Hormuz with Oman. ③ Senior Iranian official: Will not allow the US to open non-Iranian shipping routes in the Strait of Hormuz. ④ Iranian sources: Tehran rejected the latest US proposal, insisting that the Strait of Hormuz will not be fully reopened before the end of the war. Other developments: 1. Irans Economy Minister: An economic resilience plan of at least two years has been formulated. 2. Tanker activity surges at Saudi Yanbu port, Red Sea oil routes regain activity. 3. Gaza Peace Committee: Israeli forces will withdraw beyond the "Yellow Line" after Hamas completes its disarmament. 4. Israel states it will not withdraw from its existing positions in the Gaza Strip and will continue to thwart any threats to its citizens and soldiers. 5. Former Iranian Foreign Minister Javad Zarif warned that if Iran fails to reach a final agreement with the United States within the proposed 60-day negotiation period, it may face further economic difficulties, domestic unrest, or a new round of military strikes.Market news: Japanese IT services provider NTT Data is considering investing approximately $9 billion in Japans data center sector.August 4th - According to Nikkei, the Japanese governments proposal to reduce the food consumption tax to 1% starting next April for a period of two years was approved by the ruling partys main committee on Monday, taking a step closer to fulfilling its campaign promise, although the source of funding remains uncertain. Itsunori Onodera, chairman of the Tax System Committee, stated that the Liberal Democratic Partys Tax System and Social Security Committee has passed the draft. It is expected to be submitted to the partys highest decision-making body for deliberation as early as Wednesday. Prime Minister Sanae Takaichis government hopes to obtain cabinet approval at the beginning of the month and submit the relevant bill to the extraordinary session of the Diet in the autumn. The proposal aims to lower the tax rate from 8% to 1% starting in April. Starting in June, approximately 600 billion yen (about US$3.82 billion) in cash subsidies will be distributed annually to low- and middle-income families, with the amount fluctuating according to income levels. Takaichi has not yet specified the specific source of funding to fill the consumption tax revenue gap. The government plans to utilize non-tax revenue, tax revenue growth, and funds saved from reviewing tax incentives and subsidy policies.According to Nikkei: Japans ruling party is close to lowering the food tax rate from 8% to 1%.

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