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July 4th, driven by soaring gold production and improved foreign exchange reserves, Zimbabwes currency ZiG (Zimbabwe Gold) recorded its biggest one-day gain against the US dollar this year. According to data published on the website of the countrys central bank, ZiG rose 0.2% to 26.89 against the US dollar on Friday. The countrys only gold refinery, Fidelity Refining, said in a statement on Friday that gold production increased by nearly 46% to 20,104 kilograms in the first six months of this year. In June this year, its production rose 63% year-on-year. The countrys central bank said that the increase in gold production has tripled foreign exchange reserves. The Reserve Bank of Zimbabwe said last month that it had 3.4 tons of gold in its vaults, more than double the 1.5 tons of gold when ZiG was first issued in April last year. ZiG is the product of the countrys sixth attempt to stabilize its currency in 16 years.Indian official: Trade deal with US will be reached before July 9 only if it is in the interest.On July 4, Zhonghong Medical announced that its subsidiary Zhonghong International (Hong Kong) Trading Co., Ltd. signed an agreement with Guilin Hengbao Protection International Co., Ltd. to acquire 75% of the equity of Southeast Asia SEA3 with its own funds totaling 697 million yuan in cash. At the same time, Zhonghong Hong Kong and Hengbao International will increase capital in SEA3 by 52.9755 million yuan and 22.7038 million yuan respectively. This acquisition does not constitute a related transaction or major asset reorganization and does not need to be submitted to the shareholders meeting for deliberation.Dabrowski, monetary policy committee member of the Polish Central Bank: The key interest rate is expected to drop to 3.5% in 2026.Dabrowski, monetary policy committee member of the Polish Central Bank: The easing cycle may begin in October or November.

The BTC Fear & Greed Index Increases to 28/100. Despite NASDAQ Pressure

Daniel Rogers

Nov 28, 2022 14:40

截屏2022-11-28 下午2.34.32.png

 

Bitcoin (BTC) declined by 0.15% on Sunday. BTC concluded the day at $16,435 following a 0.36% decline on Saturday. Notably, Bitcoin's price remained above $16,000 for the fifth straight day while the losing skid reached four sessions.

 

BTC reached a daily high of $16,603 after a bullish start to the day. BTC reached a late-day low of $16,410 after failing to surpass the First Major Resistance Level (R1) at $16,642. BTC ended the day at $16,435, avoiding the First Major Support Level (S1) at $16,335, albeit avoiding it.

 

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.

 

Following the conclusion of the US Thanksgiving holiday, there were no crypto-related news headlines to provide guidance. The trading volume remained low, with investors presumably adopting a wait-and-see stance about FTX and more contagion.

 

In recent sessions, investor opinion regarding FTX contagion has improved, preventing a relapse to sub-$16,000. Bets on a Fed turnaround in December have also been beneficial, while regulatory risk will continue to be a drag for cryptocurrencies.

 

This week, it will be necessary to observe the bankruptcy processes of FTX. More assets to make creditors whole would be seen favorably by the market.

 

Currently, there are no US economic indicators that can influence the NASDAQ Composite Index, leaving it to Fed gossip. Today, FOMC member Williams will talk. Support for a 50-basis point rate hike would give support for the NASDAQ and BTC.

 

However, the NASDAQ mini opened the week in the red (-83 points), as concerns over a new wave of COVID-19 cases in China weighed on investor sentiment.


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