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January 8th - Hong Kong stocks closed at midday. The Hang Seng Index fell 1.22%, and the Hang Seng Tech Index fell 1.13%. On the sector front, military, semiconductor, coal, and commercial aerospace stocks led the gains, while Chinese securities firms, film and entertainment, food, and catering stocks led the declines. Lenovo Group (00992.HK) fell over 5%, CITIC Securities (06030.HK) fell over 4%, Baidu (09888.HK), NetEase Cloud Music (09899.HK), and Uni-President China (00220.HK) fell over 3%, and Nayuki (02150.HK) fell over 2%. On its first day of trading, Tianshu Zhixin (09903.HK) rose over 11%, Hua Hong Semiconductor (01347.HK) rose over 3%, China Shipbuilding Industry (00317.HK) rose nearly 4%, and Yankuang Energy (01171.HK) rose over 2%.Faraday Future (FF): The goal is to produce and sell approximately 250 vehicles by 2026.Faraday Future (FF): The goal is to achieve production and sales of 400,000 to 500,000 vehicles within five years. The target is to achieve positive cash flow and a 20% profit margin within three years. The final launch of the FX Super One model in the US is scheduled for the second quarter.The bid-to-cover ratio for the Japanese 30-year bond auction was 3.14, compared to 4.04 in the previous auction.On January 8th, it was learned from the Hangzhou Municipal Bureau of Economy and Information Technology that the Geely 9X, equipped with the Qianli Haohan H9 solution, has recently been jointly confirmed by the Hangzhou Municipal Bureau of Economy and Information Technology, the Municipal Public Security Bureau, and the Municipal Transportation Bureau to obtain a Level 3 autonomous driving road test license covering 9,224 square kilometers of Hangzhou (including over 1,500 kilometers of two-way expressways). The license was issued by Geely Automobile and is currently the largest and longest Level 3 autonomous driving test license in China, allowing for comprehensive access to traffic datasets from over 7,000 intersections in Hangzhou, enabling all-round, multi-level, and wide-coverage verification of autonomous driving capabilities throughout the city.

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.