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On March 30th, Thu Lan Nguyen of Commerzbank stated in a report that the possibility of coordinated intervention in the foreign exchange market by Japan and the United States to boost the yen and weaken the dollar should not be ruled out following the recent decline in the yen. She pointed out that US Treasury Secretary Bessant downplayed speculation about such intervention in January, but that was at a time of dollar weakness. The current strength of the dollar makes the conditions for coordinated intervention appear more favorable. The G7 central bank governors and energy and finance ministers meeting on Monday may provide Japanese Finance Minister Satsuki Katayama with a good opportunity to garner Bessants support.Ukrainian President Zelensky: We have referred to the recent drone incident in Finland. The Finnish President and I share similar views on this situation. We are providing all necessary information.Ukrainian President Zelensky: I spoke with the President of Finland and briefed him on the meetings and negotiations that have been taking place in the Middle East and the Gulf region in recent days.Kremlin: Russian President Vladimir Putin and Serbian President Aleksandar Vučić spoke by phone to discuss cooperation in the energy, oil and gas, and nuclear energy sectors.March 30th - Recently, several ETF products, including two STAR Market chip design-themed ETFs and one STAR Market artificial intelligence ETF, have been approved and are expected to be listed on the Shanghai Stock Exchange soon. The successive launches of these products effectively broaden investment channels for the market to deeply participate in the cultivation of new productive forces and share the fruits of technological innovation, driving capital flows towards key core technology fields such as chips and artificial intelligence.

Crypto Market Daily Highlights – BNB and SOL Buck the Top Ten Trend

Cory Russell

Oct 31, 2022 15:41

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The crypto top 10 had a choppy Sunday session. The top ten trend was defied by solana (SOL) and binance coin (BNB). BTC saw its first negative session in three sessions despite avoiding the sub-$20,000 level for a fifth straight day.


The Sunday dip was probably caused by profit-taking as there was no cryptocurrency event for investors to consider.


Although the week was positive due to expectations of a December Fed turnaround, market jitters may develop before of Wednesday's FOMC interest rate decision and the crucial press conference by Fed Chair Powell.


The markets continued to factor in a 75-basis point Fed rate increase this morning. Nevertheless, there is still ambiguity about the Fed's December intentions. Labor market conditions, personal spending, and Q3 GDP data imply greater front-loading whereas private sector PMIs, housing data, and consumer confidence data indicate a less hawkish Fed.


The likelihood of rate increases in November and December, according to the FedWatch Tool, are 80.3% and 44.3%, respectively. The probability of a 75-basis point increase in December was 45.6% a week ago.


The NASDAQ 100 and cryptocurrency markets' sensitivity to US economic data and the FED maintains their short-term link. The NASDAQ 100 Mini was down 52.5 points this morning.


Bitcoin Market Declines As investors lock up profits, there is a shortfall of $1 trillion.


The cryptocurrency market increased to a mid-morning high of $996.5 billion after a rocky start to the day. The crypto market, however, dropped to a low of $962.3 billion following a downturn in the late morning and a negative afternoon.


Late support reduced the shortfall to $9.2 billion as the cryptocurrency market cap concluded the day at $972.4 billion. The crypto market increased by $74.1 billion over the course of the week despite the Sunday drop.


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