• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US President Trump: There will be no money exchange in any potential deal with Iran.Tesla (TSLA.O) shares extended gains to 5%.Daly, a 2027 FOMC voting member and president of the Federal Reserve Bank of San Francisco, will speak in ten minutes.Fitch: To date, most Gulf Cooperation Council member states have demonstrated strong resilience to the impact of the war with Iran.1. According to TASS, citing Russian Deputy Prime Minister Dmitry Patrushev, the Russian government is considering extending export quotas for certain fertilizers. Patrushev did not specify which types of fertilizers might be affected by the quota extension. 2. Brazils National Supply Company (Conab) stated in its fourth survey that sugarcane production in Brazils central-southern region is projected to reach 616.24 million tons in 2025/26, higher than the previous forecast of 607.38 million tons. Total sugarcane production in Brazil for 2025/26 is projected to reach 673.25 million tons, higher than the previous forecast of 666.44 million tons. Sugar production in Brazils central-southern region for 2025/26 is projected to reach 40.78 million tons, compared to the previous forecast of 40.64 million tons. 3. Lebanese President Aoun stated that a ceasefire is the entry point and pathway for advancing negotiations, and is an option widely supported both domestically and internationally. Direct negotiations are crucial, requiring shared responsibility from all parties, and the world is watching Lebanon closely. He said the Lebanese governments position is to consolidate the ceasefire, ensure the withdrawal of Israeli troops from southern Lebanon and the release of prisoners, and resolve outstanding border disputes. 4. Sources say the US is leading a G20 initiative to promote coordinated action to ensure fertilizer supplies and address disruptions to food trade supply chains. 5. According to Iranian Foreign Minister Araghchi: Under the Lebanese ceasefire agreement, the Iranian Ports and Maritime Organization has announced that during the remainder of the ceasefire, all commercial vessels will have full access to the Strait of Hormuz, with routes exactly as previously announced. 6. According to Axios, two US officials and two sources familiar with the negotiations revealed that the US and Iran are negotiating a three-page plan to end the war, one element of which is that the US will unfreeze $20 billion in Iranian funds in exchange for Iran relinquishing its enriched uranium stockpile. 7. US President Trump stated that Iran has agreed not to close the Strait of Hormuz again and that it will no longer be used as a weapon against the world. The situation in the Strait of Hormuz has calmed down, and I received a call from NATO asking if we needed help. I told them not to interfere unless they just wanted to take the opportunity to fill their own ships with oil. Theyre useless in a pinch; theyre just paper tigers! 8. A shipping industry analyst stated that while Irans Foreign Minister announced on Friday that the Strait of Hormuz is "fully open" for ships using routes designated by Iran, this does not reassure the shipping industry that shipping activities through the strait can resume. 9. According to CMEs "FedWatch": the probability of the Fed raising interest rates by 25 basis points in April is 0.5%, and the probability of keeping rates unchanged is 99.5% (unchanged from this morning). The probability of the Fed cumulatively cutting interest rates by 25 basis points by June is 7.1%, the probability of keeping rates unchanged is 92.4%, and the probability of cumulatively raising interest rates by 25 basis points is 0.5%.

Bitcoin Fear & Greed Index Holds Steady as Focus Shifts to US Inflation

Cory Russell

Oct 10, 2022 14:17

微信截图_20221010141001.png


Bitcoin (BTC) increased by 0.13% on Sunday. BTC concluded the week up by 1.98% to $19,444, somewhat correcting a loss of 0.59% from the previous Saturday. Be aware that BTC missed the $20,000 mark for the second time in six sessions.


As the day got off to a negative start, BTC dropped to an early low of $19,326. BTC increased to a high of $19,553 in the late afternoon, avoiding the First Major Support Level (S1) at $19,237. BTC, however, was unable to surpass the First Major Resistance Level (R1) at $19,613, and it dropped back to conclude the day below that level.

 

Investors were able to take a break after four straight sessions in the negative due to a lack of substantive cryptocurrency news headlines. BTC was range-bound over the weekend as a result of a slight increase in bets on a 75 basis point Fed rate hike in December.


The likelihood of a 75-basis point Fed rate increase in November is 76.7%, whereas the likelihood of a 75-basis point increase in December is 24.0%. (October 9). The likelihood of a 75-basis point increase was 0% before to Friday's employment data and Wednesday's ISM Non-Manufacturing PMI.


Correlation with the NASDAQ will probably persist since the cryptocurrency market continues to demonstrate sensitivity to Fed monetary policy. The NASDAQ 100 Mini was down 50.25 points this morning after suffering further severe losses.


The markets will be focusing on the conversations among FOMC members and the IMF/World Bank meetings later today as there are no US economic figures to examine.


After a range-bound session, the Fear & Greed Index remains stable.


The Fear & Greed Index remained constant today at 22/100. Following a four-day BTC losing skid on Sunday, a little BTC gain on Sunday resulted in the Index being unchanged this morning. The worry surrounding the Fed and the state of the economy, however, have kept the Index firmly in the Extreme Fear zone.


Fears of a harsh landing will continue to be a barrier for the cryptocurrency market as market bets for a more hawkish year end climb. US inflation data this week may be instructive.


The Index will need to keep avoiding sub-20/100 for the bulls to justify a change in mood. However, a decline to below 20/100 would indicate a BTC decline to below $18,000.