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The Peoples Bank of China announced today that it conducted 402 billion yuan of 7-day reverse repurchase operations, with a bid amount of 402 billion yuan and a winning bid amount of 402 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.Futures Commentary by Everbright Futures: On January 26th, COMEX gold continued its upward trend, slightly retreating at the close to $5004.8 per ounce, a gain of 0.50%. Domestic SHFE gold traded in a high-level range overnight, closing at 1148.14 yuan per gram, a gain of 1.49%. 1. A report from the US Department of Commerce showed that durable goods orders rose 5.3%, compared to a revised 2.1% decline in the previous month. This was the largest increase in six months, driven by orders for commercial aircraft and other capital equipment. On the news front, Polymarket data showed that the market is betting on a 78% probability of a new US government shutdown before the end of January, compared to less than 10% last Friday. 2. Geopolitically, the US Navys USS Abraham Lincoln carrier strike group has arrived in the Middle East and is about to conduct several days of combat readiness exercises. The US militarys deployment around Iran has raised concerns in the market that geopolitical tensions may be rising again. The Federal Reserves interest rate meeting is scheduled for this week, and the probability of a rate cut in January remains low. However, with the market already anticipating this, its impact on gold has actually decreased. Nevertheless, with Trump continuing to stir up trouble in Greenland and the current situation in Iran, geopolitical tensions are escalating rather than decreasing. This erosion of market confidence in the dollar is a strong boost for gold, and its safe-haven appeal is unlikely to diminish in the short term. A bullish bias is expected in the short term, with attention focused on the outcome of the selection process for the next Federal Reserve Chair.January 27th - Latest industry data shows that major UK retailers saw their fastest price increases this month since February 2024, driven by rising prices in food, furniture, health, and beauty products. The British Retail Consortium (BRC) Store Price Index shows that retail prices rose 1.5% year-on-year in January, up from 0.7% in December. Food prices rose 3.9% year-on-year, up from 3.3% in December, marking the largest increase since October last year. "Any claims that inflation has peaked are not supported by these figures," said BRC Chief Executive Dickinson. "Store price inflation surged this month as businesses faced persistently high energy costs and the continued pass-through of National Insurance (NPIC) increases. Meat, fish, and fruit were particularly affected."BHP Billiton has surpassed Commonwealth Bank of Australia to become Australias most valuable stock.Chart: Speculative Sentiment Index on Tuesday, January 27, 2026

BTC Bulls Target $21,000 While ETH Breaks $1,500 Resistance

Oct 27, 2022 15:21

 截屏2022-10-27 下午3.12.06.png

 

During a breakout session on Tuesday, bitcoin (BTC) and ethereum (ETH) returned to $20,000 and $1,500, respectively. The breakout session was driven by a shift in market attitude towards the Fed, with economic indicators revealing fractures in the US economy. The technical indications have turned bullish, and the momentum supports a strong opening on Wednesday.

 

On Tuesday, bitcoin (BTC) gained 3.95 percent. BTC reversed a 1.25 percent decline from Monday to close the day at $20,104. Notably, BTC closed the day at $20,000 for the first time since October 5 while avoiding sub-$19,000 territory for the fourth session.

 

BTC fell to a morning low of $19,251 due to a negative morning. BTC rose to a late-afternoon high of $20,432 while avoiding the First Major Support Level (S1) at $19,138. BTC was able to surpass the Major Resistance Levels. BTC fell through the Third Major Resistance Level (R3) at $20,258 due to a late pullback.

 

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On Tuesday, Ethereum (ETH) rose 8.63%. ETH reversed Monday's loss of 1.47% to conclude the day at $1,460. Notably, ETH reached $1,500 for the first time since September's middle.

 

Due to a rocky start to the day, ETH fell to a low of $1,335 early on. ETH surged to a late-afternoon high of $1,525 after avoiding the First Major Support Level (S1) around $1,325. ETH surpassed the Major Resistance Levels for the day. The Third Major Resistance Level (R3) at $1,440 provided support late in the day.

 

On Tuesday, US economic figures bolstered wagers that the Fed will take a less aggressive stance in December. Mary Daly, a member of the Federal Open Market Committee, and a Wall Street Journal article published last Friday both referred to the Fed taking its foot off the throttle.

 

This week, economic statistics demonstrated the Fed's impact on the economy. The preliminary private sector PMIs for October revealed a more pronounced contraction in the services sector, along with a decline in consumer confidence.

 

The housing market was adversely affected by the impact of rising interest rates on mortgage rates, as home price growth slowed significantly.

 

There are currently no significant statistics for markets to consider. FOMC members are, however, unable to alter the narrative until November 3, due to the blackout period, which supports the bullish morning session.

 

As of this morning, the FedWatch Tool placed the likelihood of rate hikes in November and December at 95.1% and 47.2%, respectively. Prior to one week, the probability of a 75-basis-point increase in December stood at 77.0%.

 

Elon Musk's ambitions to acquire Twitter (TWTR) and news of CFTC Chairman Rostin Behnam classifying BTC and ETH as commodities are also contributing to the increase.