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On January 13th, HSBC analyst Ricky Seo noted in a report that SK Hynixs fourth-quarter operating profit is expected to surge 57% quarter-on-quarter to a record 18 trillion won, with DRAM and NAND chip prices likely rising by 25% and 20% respectively. He analyzed that the weakening of the Korean won against the US dollar may also have boosted its fourth-quarter earnings. As a supplier of Nvidias HBM products, SK Hynix is expected to continue to benefit from robust shipments. The current surge in AI investment, coupled with strong demand for general-purpose DRAM during the memory chip supercycle, provides double support for the company.January 13th - Omni Health recently officially released its next-generation AI wearable product portfolio, including the Omni Health Ring Pro, which focuses on long-term vital sign monitoring, and the Omni Health Pin, an automated nutrition tracking terminal based on AI vision technology. The Ring Pro is currently available for mass sales globally, while the Omni Health Pin is scheduled for launch in 2026.According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichi stated that she intends to dissolve the House of Representatives at the start of the parliamentary session scheduled to begin on January 23.According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichi has conveyed her intention to dissolve parliament to senior members of the ruling party.January 13th - According to the latest data from the China Bus Statistics Information Network, in 2025, BYD once again won the annual championship with outstanding achievements of exporting 4,234 new energy buses, a year-on-year increase of 18.2%, and a market share of 24%. It is the only company that exports more than 4,200 new energy buses, and BYD has maintained its top position on the list for three consecutive years.

ETH Bulls Should Aim for a Return to $1,280 or Risk a Fall to $1,230

Daniel Rogers

Dec 12, 2022 15:34

Bitcoin (BTC) and ethereum (ETH) closed the day in the red on Sunday, due to a late-day sell-off. BTC and ETH fell due to investor reaction to news of anomalous account behavior on Binance and concern of the Federal Reserve. This morning, there was no improvement in market circumstances. ETH and BTC first tested support levels as investors reacted to the most recent Binance news. On Sunday, Ethereum (ETH) declined by 0.32 percent. ETH closed the week down 1.31% to $1,263, reversing a Saturday gain of 0.32%. ETH dipped below $1,300 for the sixth session in a row.

 

After a range-bound morning, ETH reached a high of $1,285 in the early evening. ETH surpassed the First Major Resistance Level (R1) at $1,280 before falling to an intraday low of $1,256. ETH closed the day at $1,267 after finding support at the First Major Support Level (S1) at $1,257.

 

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.

 

Bitcoin (BTC) decreased by 0.13% on Sunday. BTC concluded the week at $17,110, down 0.10 percent following a Saturday down of 0.02%. Notably, Bitcoin avoided falling below $17,000 for the third session in a row.

 

Following a bullish morning, BTC reached a high of $17,503 in the early evening. BTC breached the day's Major Resistance Levels before tumbling to a low of $17,092. BTC ended the day at $17,110, avoiding the First Major Support Level (S1) at $17,076, albeit avoiding it.

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