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Switzerlands seasonally adjusted unemployment rate in April was 2.8%, in line with expectations and the previous value of 2.80%.On May 6, Weissman, chief economist and portfolio manager at MFS Investment Management, said in a report that Federal Reserve Chairman Powell will almost certainly express a wait-and-see attitude at this weeks meeting. The confusion of US tariff policy makes the future macroeconomic outlook particularly difficult to predict. The Fed will also note that tariff-induced inflation, even if theoretically regarded as temporary, may produce more persistent actual inflation. Therefore, if there is no clear signal that the economy is weakening substantially, the Fed will be reluctant to ease policy. In other words, in the absence of actual economic deterioration, the Fed may postpone interest rate cuts if necessary.Switzerlands seasonally adjusted unemployment rate for April will be released in ten minutes.On May 6, Leapmotor (09863.HK) official blog announced that from May 1 to May 5, the orders for the entire series exceeded 18,000 units. On May 5, the orders for the entire series exceeded 3,700 units in a single day, and the C11 product alone reached 1,099 units in a single day.Futures news on May 6: 1. The trading volume of WTI crude oil futures was 929,733 lots, a decrease of 14,635 lots from the previous trading day. The open interest was 1,958,593 lots, an increase of 15,586 lots from the previous trading day. 2. The trading volume of Brent crude oil futures was 182,623 lots, a decrease of 28,787 lots from the previous trading day. The open interest was 176,096 lots, an increase of 1,171 lots from the previous trading day. 3. The trading volume of natural gas futures was 491,717 lots, an increase of 76,860 lots from the previous trading day. The open interest was 1,510,742 lots, an increase of 10,387 lots from the previous trading day.

Prediction for ADA Price: US Inflation and the NASDAQ Will Deliver $0.325

Daniel Rogers

Dec 09, 2022 15:19

截屏2022-12-09 下午3.02.31.png 

 

IOHK network updates and US economic statistics may test buyer interest on Friday, following Thursday's high day for ADA.

 

On Thursday, ADA jumped 1.61 percent. ADA closed at $0.315 on Thursday, partially reversing Wednesday's 2.52% loss. Notably, the price of ADA dropped below $0.310 for the second time in eight sessions and ended a three-session losing trend.

 

ADA dropped to a morning low of $0.307 after a bearish start to the day. ADA reached a late-day high of $0.316 after avoiding the First Major Support Level (S1) at $0.0305. Nevertheless, unable to surpass the First Major Resistance Level (R1) at $0.318, ADA ended the day at $0.315.

 

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 as low as 0 pips and a commission rate of $3.50 per 100,000 USD 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.

 

Thursday, US economic figures bolstered the likelihood of a December Fed policy shift. During the week ending December 2, initial jobless claims rose from 226 thousand to 230 thousand. Following the release of last week's US Employment Report, concerns about a pick-up in the rate of hiring cast doubt on the Fed's plans to slow the rate of interest rate hikes.

 

Cardano network improvements were also favorable for the ADA price, averting a drop below $0.300. Charles Hoskinson, the company's founder, was in the limelight, highlighting the benefits of the Midnight privacy protocol meant to provide smart contracts with anonymity.

 

It was another instance of ongoing activity on the Cardano network, although the information was insufficient to warrant a breakout session.

 

Input Output HK (IOHK) will provide the weekly Development Update later today. A surge in network projects would result in an increase in ADA prices. However, the NASDAQ and US economic indices will need to provide support. The wholesale inflation and consumer confidence numbers in the United States will impact market risk sentiment.

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