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South Korean customs: South Korea imported 10.8 million tons of crude oil in November, compared with 11.3 million tons in the same period last year.On December 14th, according to a report by Ukraines Interfax news agency, Ukrainian President Volodymyr Zelenskyy stated that the US demand for a unilateral withdrawal of Ukrainian troops from eastern Ukraine and the establishment of a "free economic zone" there is "unfair," and Ukraine needs to realistically view the peace process. Zelenskyy told the media that according to the USs "compromise plan," Russian troops would not be allowed to enter parts of eastern Ukraine, while Ukrainian troops would withdraw from these areas and establish a "free economic zone." "I think this is unfair because there is no stipulation on who will manage the economic zone," Zelenskyy said. He added that if Ukrainian troops withdraw, Russian troops should also withdraw, a problem that currently "has no answer, but is very sensitive and thorny." If a "buffer zone" is established along the military contact line, with only police deployed to maintain order, and troops withdrawn, "then the problem becomes very simple."December 14 - According to the Japan Meteorological Agency, a magnitude 4.9 earthquake struck off the coast of the Noto Peninsula, Japan, at approximately 11:26 PM local time on December 14, with a depth of 10 kilometers. There is no risk of a tsunami.On December 14th, the Financial Times analysis pointed out that given ECB President Christine Lagardes view that the bank is in "good shape," investors unanimously expect the ECB to keep its benchmark interest rate unchanged at 2% next week, instead focusing on its economic forecasts. Lagarde stated this week that ratemakers may again raise their growth forecasts for the Eurozone at their meeting. These stronger growth forecasts, along with persistent inflation, have recently led traders to increase their bets on an ECB rate hike next year. However, as the potential shift in monetary policy direction remains controversial, and this change has only recently been reflected in swap market pricing, traders will pay particular attention to clues about the timing of rate hikes; any adjustments to policy signals are expected to be subtle. George Moran, a Eurozone economist at RBC Capital Markets, said he expects the ECB not to raise rates in 2026 because "cyclical tailwinds are likely temporary." He added that the ECB has "made it clear that it does not want to overreact to temporary deviations from its targets."On December 14th, according to the Ukrainian National News Agency, Ukrainian President Volodymyr Zelenskyy told the media that he had informed members of the Verkhovna Rada (parliament) to prepare contingency plans for a possible election soon. Zelenskyy said, "Most importantly, I will not cling to the presidency. I believe Ukraine should be prepared for any changes." He said he had asked partners for help in resolving election security issues, and he had also informed Verkhovna Rada members to prepare contingency plans for a possible election soon. Zelenskyy said he had received "signals" from the United States and President Trump regarding the Ukrainian presidential election, adding, "Whether these signals come only from the United States or also from Russia, I do not want to comment at this time."

Powell failed to frighten Crypto

Alina Haynes

Nov 03, 2022 19:35

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Bitcoin is currently trading near $20,3K, which is only 0.5% below yesterday's levels, despite the fact that the range of changes over this period has been quite large. The initial reaction to the Fed's official announcement caused BTC to rise to $20,800, but the subsequent press conference doubled the pressure on the exchange rate, causing it to fall below $20,000.

 

The crypto market's value increased by 0.13 percent overnight, to $1.01 trillion, demonstrating significantly greater resistance to stock market volatility. The pressure on Bitcoin and Ether, which is strongly related to institutional sentiment, is counterbalanced by the ascent of altcoins one by one.

 

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.

 

In addition to Dogecoin's price doubling in just over a week, Litecoin (+13%) and Polygon (+15%) were among the surging currencies. The year-long bear market has worn down crypto investors, who now appear receptive to new pump ideas. This may indicate that the market is sufficiently inexpensive and stable.

 

Charles Edwards, founder of Capriola Investments, hypothesized that the entry of major energy companies into the business explains Bitcoin's new hash rate high. According to him, the rise in hash rate notwithstanding BTC's stagnation does not indicate that miners are giving up. According to Glassnode, the network processing capacity of the first cryptocurrency on November 1 was 272,4 EH/s (smoothed by the 7-day moving average).

 

DeFi providers are increasingly using stablecoins as collateral. According to a research by CoinMarketCap and TokenInsight, this is the case. Ethereum continues to dominate DeFi-ecosystems by a significant margin.

 

Money transfer company MoneyGram has teamed with the cryptocurrency exchange Coinme to add trading and storage options for Bitcoin, Ethereum, and Litecoin to its mobile app for US customers.

 

UnionBank, the largest bank in the Philippines, has announced the pilot launch of trading and storage services for Bitcoin and Ethereum. The program is being out in collaboration with the Swiss custodian Metaco.