EUR/USD 1.14268
-0.009%
Gold 4196.32
0.119%
Oil 73.983
0.110%
USD/JPY 161.570
-0.004%
GBP/USD 1.32452
-0.025%
GBP/JPY 214.008
-0.021%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japanese Finance Minister Satsuki Katayama: No comment on foreign exchange levels.Japanese Finance Minister Satsuki Katayama: He held talks with US Treasury Secretary Bessenter after the G7 summit.Japanese Finance Minister Satsuki Katayama: There has been no change to the existing agreement between Japan and the United States to take decisive measures. He reiterated coordination with U.S. Treasury Secretary Bessenter in the market.Japanese Finance Minister Satsuki Katayama: He held an online meeting with U.S. Treasury Secretary Bessenter on Monday to discuss the impact of global financial markets and the conflict with Iran.On June 23, Morgan Stanleys Chief Investment Officer and Chief U.S. Equity Strategist, Mike Wilson, stated that despite the weakening stock market and flattening yield curve, last weeks FOMC meeting under Federal Reserve Chairman Warsh was a good and necessary first step in rebuilding the Feds credibility. Wilson noted that since Warshs nomination in February, the S&P 500s ratio to gold has risen by nearly 40%, which he believes is a strong vote of confidence from the market in the new chairmans ability to restore policy discipline. The Morgan Stanley strategist pointed out that liquidity, rather than interest rate hikes, is the main risk facing the stock market in the near term. He mentioned that the size of reserve management programs has decreased by about 75% from their peak, and the scale of Treasury repurchase agreements has also shrunk by 50%. Wilson warned that accelerated loan growth has exacerbated the liquidity crunch as the real economy absorbs more capital while balance sheet support decreases. He expects the U.S. stock market to be volatile in July and may experience a correction, with the next round of the earnings-driven bull market delayed until liquidity drag is lifted. Wilson also expressed support for Warshs approach of reducing excessive forward guidance, arguing that the market should react to newly released data rather than trying to predict the Feds statements.

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

Jimmy Khan

Nov 24, 2022 15:40

微信截图_20221124094121.png


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.


Suggestion