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August 21 – According to the Guangxi Zhuang Autonomous Region Finance Department, since the beginning of this year, Guangxi has experienced continuous heavy rainfall, resulting in severe flooding and geological disasters in Nanning, Guigang, Qinzhou, Fangchenggang, and other areas, seriously threatening the lives and property of the people. The Guangxi Zhuang Autonomous Region Finance Department, together with the Guangxi Zhuang Autonomous Region Agriculture and Rural Affairs Department and Water Resources Department, sought central government support and increased the coordination of funds, raising a total of 458 million yuan for agricultural disaster prevention and mitigation and water conservancy disaster relief. As of now, 233 million yuan for agricultural disaster prevention and mitigation and 225 million yuan for water conservancy disaster relief have been fully allocated to relevant cities and counties, effectively ensuring the smooth implementation of agricultural and water conservancy disaster prevention, mitigation, and relief work throughout the region. Next, the Guangxi Zhuang Autonomous Region Finance Department will continue to closely monitor the disaster situation, actively cooperate with relevant departments to accelerate project progress, strengthen fund supervision, and continuously promote the effective use of disaster relief funds to benefit the people.Futures News, August 21st: Crude oil prices rose in stages, improving the trading atmosphere in the fuel oil market. Refineries confidence in maintaining prices increased, and with a reluctance to sell at low prices, most offers were pushed up in line with market conditions. Downstream buying interest gradually increased, with restocking mainly driven by immediate needs. It is expected that fuel oil trading will maintain a stable to slightly rising trend today.Iranian officials say they plan to attack crude oil export facilities, aiming to strike at Trump ahead of the US midterm elections. A quick overview of the pre-market crude oil prices converted between domestic and international markets in one chart.August 21 – S&P Global Market Intelligences Deputy Director of Economics stated that Japans private sector continued its strong performance in August, with companies reporting the fastest output growth since February. Growth momentum improved in both manufacturing and services, with manufacturing performing particularly well, showing significant growth in both output and new orders. Furthermore, new export orders in the manufacturing sector recorded their fastest growth in eight and a half years, and the semiconductor and AI-related industries had a substantial backlog of new business. Easing cost pressures in August are a positive sign for Japanese companies. Although input costs still rose sharply due to the impact of the Middle East war on supply chains and energy prices, as well as the weak yen, the overall cost inflation rate has fallen to its lowest level in five months. However, with output price increases still near historical highs, companies may need to see a sustained slowdown in inflation before further reducing product prices. With improved business confidence compared to the previous month, strong sales growth, and continued employment increases, Japans private sector is expected to continue its strong performance, provided that it is not subjected to further shocks in terms of prices or demand.According to Futures News on August 21, as of 8:30 AM Beijing time, spot platinum fell 0.16% and spot palladium fell 0.03%.

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.