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HSBC maintains its TTF price forecast at $16 per million British thermal units (MMBtu) for 2026, $12 for 2027, and $9 for 2028.The yield on the two-year U.S. Treasury note rose 6.6 basis points to 4.106%.The yield on German two-year government bonds rose by as much as 4.3 basis points to 2.687%.Upward Price Revisions: 1. Melius Research: Raises Nvidias price target to $400 from $380, maintaining a "Buy" rating. 2. Bank of America Global Research: Raises Nvidias price target to $350 from $320, maintaining a "Buy" rating. 3. Wedbush: Raises Nvidias price target to $330 from $300, maintaining an "Outperform" rating. 4. Raymond J. P.A. Financial: Raises Nvidias price target to $330 from $323, maintaining a "Strong Buy" rating. 5. Bernstein: Raises Nvidias price target to $315 from $300, maintaining an "Outperform" rating. 6. Wells Fargo: Raises Nvidias price target to $315 from $265, maintaining an "Overweight" rating. 7. DA Davidson: Raises Nvidias price target to $300 from $250, maintaining a "Buy" rating. 8. Jefferies Group: Raises Nvidias price target from $275 to $300, maintaining a "Buy" rating. 9. Mizuho Securities (US): Raises Nvidias price target from $275 to $300, maintaining an "Outperform" rating. 10. Morgan Stanley: Raises Nvidias price target from $285 to $288, maintaining an "Overweight/Attractive" rating. 11. Goldman Sachs: Raises Nvidias price target from $250 to $285, maintaining a "Buy" rating. 12. BNP Paribas: Raises Nvidias price target from $270 to $285, maintaining an "Outperform" rating. 13. Stiglitz: Raises Nvidias price target from $250 to $282, maintaining a "Buy" rating. 14. JPMorgan Chase: Raises Nvidias price target from $265 to $280, maintaining an "Overweight" rating. 15. RBC Capital Markets: Raises Nvidias price target to $270 from $250, maintaining an "Outperform" rating. 16. TD Securities: Raises Nvidias price target to $275 from $235, maintaining a "Buy" rating. 17. Deutsche Bank: Raises Nvidias price target to $255 from $220, maintaining a "Hold" rating. Unchanged: 1. Citigroup: Maintains Nvidias price target at $300, maintaining a "Buy" rating. 2. Barclays: Maintains Nvidias price target at $275, maintaining an "Overweight" rating. 3. Oppenheimer: Maintains Nvidias price target at $265, maintaining an "Outperform" rating.Kremlin: Putin did not proactively propose that Schröder serve as a mediator in negotiations with Russia.

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.