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Philippine Airlines has pledged to purchase up to 20 Boeing 787-10 Dreamliners.Futures Commentary by Everbright Futures: Gold prices have fluctuated amid geopolitical turmoil. According to Xinhua News Agency, US President Trump posted on social media on the 20th, hinting at a strong retaliatory action against Iran following recent US casualties. Irans Mehr News Agency reported on the 20th that explosions were heard in Hormozgan and Fars provinces in southern Iran that evening. However, the Trump administration has not completely ruled out seeking a diplomatic solution. According to China News Network, US Secretary of State Rubio stated in a media interview on the evening of the 19th that the Trump administration "remains open to a diplomatic solution." He also stated that Iran is still sending signals to the US "directly or through various channels from other countries," indicating that "they want dialogue and negotiations." With the situation highly uncertain, oil prices have struggled to rise, and gold prices have entered a sideways trading pattern. In the short term, the US-Iran conflict has failed to find a better solution, and the ongoing conflict is unlikely to effectively alleviate market concerns about inflation and interest rates. For gold, the outlook is mainly one of weak declines and corrective rebounds. It is recommended to maintain a defensive stance in the face of a highly volatile environment. Going forward, continued attention needs to be paid to the US-Iran conflict, expectations of Federal Reserve policy, and whether overseas financial markets will trigger liquidity risks due to expectations of rising interest rates.On July 21, Cai Tuanjie, Director of the Safety Supervision Department and Director of the Transport Services Department of the Ministry of Transport, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, we will focus on promoting low-carbon alternatives for transportation power, advancing the green transformation of transportation infrastructure, accelerating the optimization and adjustment of the transportation structure, continuing to deepen the fight against pollution, and improving the statistical accounting and monitoring system for carbon emissions in transportation. We will promote the green and low-carbon transformation of the transportation sector with greater efforts, laying a solid foundation for building a strong transportation nation and a beautiful China.Southern Securities double-leveraged long position in Samsung Electronics (07747.HK) surged over 14%, while Southern Securities double-leveraged long position in Hynix (07709.HK) rose over 9%.July 21 – Ant International announced today that it has completed its Series A financing round. Ant Group, along with some existing shareholders including Alibaba and several international investment institutions, participated in this round. The approximately $1.2 billion raised will be used to expand its global business, accelerate investment in cutting-edge technologies such as AI, broaden inclusive fintech services such as cross-border payments and global accounts, and help global merchants achieve growth.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.