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According to multiple sources familiar with the matter, a meeting was held this morning by relevant departments. The meeting required all pig farming companies to report their annual production targets and to fulfill their commitments to reduce production, including reducing the number of breeding sows and the number of pigs slaughtered annually.Bank of Japan Governor Kazuo Ueda will hold a monetary policy press conference in ten minutes.According to Irans Nour News, Irans ambassador to the United Nations stated in a letter to the UN Secretary-General that the United Arab Emirates bears responsibility for compensation for "allowing the United States to launch airstrikes against Iran from its territory."1. Reuters poll: The European Central Bank (ECB) is expected to keep interest rates unchanged, with 67 out of 72 economists surveyed predicting it will maintain rates at 2% until the end of 2026. 2. BNP Paribas: The ECB is expected to keep interest rates unchanged, but if the conflict escalates and the energy supply chain is severely damaged, the central bank is highly likely to be forced to restart the rate hike process. 3. Vanguard: The ECB is expected to keep interest rates unchanged, and is expected to remain on hold until the end of the year, but has eliminated its previous downward bias on the policy rate outlook. 4. ABN AMRO: The ECB is expected to keep interest rates unchanged, but in a negative outlook, Eurozone inflation may be significantly higher than the baseline, and the ECB may raise rates starting in April. 5. Citigroup: The ECB is expected to keep interest rates unchanged, with uncertainty providing a reason for remaining on hold, but the possibility of several precautionary rate hikes cannot be ruled out. 6. Goldman Sachs: The ECB is expected to keep interest rates unchanged, but in the event of an extremely unfavorable energy situation, the bank may raise rates by 25 basis points three times consecutively starting in June, or even in April. 7. Ebury Group: The ECB is expected to keep interest rates unchanged. The war makes the next move more likely to be a rate hike than a rate cut. Lagarde is likely to say that "the ECB will not allow a dangerous surge in inflation." 8. TS Lombard: The ECB is expected to keep interest rates unchanged. Although pricing in a rate hike this year was too aggressive, the threshold for a rate hike next year has actually lowered, considering that higher natural gas prices are now the baseline scenario. 9. Danske Bank: The ECB is expected to keep interest rates unchanged, while emphasizing vigilance against upside risks to inflation. Rising energy prices complicate the policy outlook, and policymakers are more inclined to maintain policy flexibility. 10. Berenberg Bank: The ECB is expected to keep interest rates unchanged. Even if the war continues longer, the ECB will not raise rates until the second half of 2027 due to the economic stagnation caused by energy price shocks. 11. Nordeabank: The ECB is expected to keep interest rates unchanged. The March economic forecast may not have fully incorporated the impact of the war, and is expected to show slightly better economic growth and slightly lower inflation. 12. KfW: The ECB is expected to keep interest rates unchanged, as current energy price increases have not lasted long enough to force the central bank to raise rates; the word "vigilance" may become a word frequently used by Lagarde. March 19 - According to information obtained from Iranian sources on March 19 local time, recent attacks by the United States and Israel on Iranian medical institutions have resulted in the deaths of at least 18 medical personnel.

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.