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On November 10, the Houthi rebels in Yemen warned on the 9th that if the ceasefire agreement in the Gaza Strip breaks down, the group will resume attacks on Israel and ban Israeli ships from sailing in the Red Sea and the Arabian Sea.Market news: Progressive Democratic lawmakers in the United States have expressed dissatisfaction with the emerging agreement to end the shutdown and are preparing to raise objections at a Senate Democratic caucus meeting.November 10th - On November 9th local time, the Federal Aviation Administration (FAA) reported that more than 15 air traffic control centers in the United States reported staff shortages that day. The FAA announcement indicated that some facilities at some of the busiest airports in the U.S., including New York, Washington D.C., Atlanta, Dallas, and Chicago, were affected. It is understood that staff shortages may force air traffic control agencies to reduce the number of flights at certain airports to maintain safety, potentially causing widespread delays.On November 10th, Goldman Sachs stated that a growing number of US investors are buying Japanese stocks, particularly those focused on technology and artificial intelligence, attracted by their strong returns relative to US stocks. Bruce Kirk, Goldman Sachs chief Japan equity strategist, said, "The pace of US capital inflows has reached its fastest level since Abenomics." He added that active participation by US investors in Japanese equities has reached its highest level since October 2022. This influx of US funds reflects the strong performance of Japanese equities this year, boosted by the appreciation of the yen and optimism surrounding Sanae Takashis stimulus policies. In dollar terms, the Nikkei 225 index has risen approximately 30% this year, far exceeding the S&P 500s 14% gain. Kirk believes there is still room for further foreign capital inflows, as global investors net holdings in Japanese equities remain well below the peak levels seen during "Abenomics," and continued global investors need for asset diversification may also support this trend.On November 10th, the Ukrainian State Electricity Company announced that due to Russias continued attacks on Ukrainian energy facilities, most regions of Ukraine will experience 24-hour power rationing on November 10th. The company stated that the rationing will last from midnight to 11:59 PM, and industrial users power consumption will also be limited during the same period. The Ukrainian government also urged the public to conserve electricity during peak hours.

ADA Price Prediction: Hot US Stats to Test Buyer Appetite at $0.370

Skylar Shaw

Nov 03, 2022 15:37

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ADA dropped on Wednesday by 3.74%. Tuesday saw a loss of 1.23% for ADA, which closed the day at $0.38. It's noteworthy that ADA closed the day below $0.400 for the first time in six sessions.


After a choppy morning session, ADA surged to a high of $0.409 in the late afternoon. The price of ADA dropped to a late low of $0.380 after failing to surpass the First Major Resistance Level (R1) at $0.411. At $0.394 and $0.388 respectively, the First Major Support Level (S1) and Second Major Support Level (S2) were breached by ADA, which closed the day at $0.386.


A bumpy afternoon session was brought on by US economic data, the FOMC policy decision and Rate Statement, and Fed Chair Powell's press conference.


Hope for a December pivot is dashed by Fed Chair Powell.


Investors were not diverted from the FOMC policy decision or Fed Chair Powell's press conference by updates from Input Output HK (IOHK) or its creator Charles Hoskinson.


Due to lack of authority, NASDAQ Composite Index and Fed Chair Powell controlled ADA.


After soaring to a day high in response to the FOMC Statement, ADA fell in response to Fed Chair Powell's news conference. With his declaration that "final level of interest rates would be higher than previously projected," Fed Chair Powell put an end to expectations of a December Fed turnaround. ADA decreased to a day low of $0.380 before leveling out.


The NASDAQ Composite Index reacted to Powell's speech as well, finishing the day down 3.36%.


US economic figures will be of importance later today. Factory orders, unemployment claims, and the ISM Non-Manufacturing PMI will provide ADA guidance. In the absence of IOHK network updates, the ISM Non-Manufacturing PMI and its sub-components would probably have the most impact.

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