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Mercedes-Benz CFO: We expect car sales to reach 1.7 million units in 2026.July 28th - ING analysts Warren Patterson and Ewa Manthey noted that gold prices rose on Monday as a sharp drop in oil prices eased inflation concerns and pressured the dollar and US Treasury yields. Mondays sharp decline in oil prices eased inflation concerns and the prospect of further monetary tightening. This move followed the pause in hostilities between the US and Iran. Lower oil prices also pressured the dollar and US Treasury yields, improving the outlook for non-interest-bearing assets ahead of this weeks Federal Reserve meeting. The market is currently focused on the Federal Reserve and upcoming US inflation data for further guidance on the interest rate outlook. If yields remain subdued, gold prices should continue to find support near current levels. However, any hawkish surprises from the Federal Reserve could limit further upside potential in the near term.On July 28, Foreign Ministry Spokesperson Lin Jian held a regular press conference. Lin Jian stated that four months have passed since the illegal entry of Japanese Self-Defense Force officer Akihiro Murata with a knife into the Chinese Embassy in Japan. Despite repeated strong representations from China, the Japanese side has repeatedly delayed the investigation and handling of the case, using various pretexts such as so-called "mental evaluation," and has failed to promptly and severely punish the perpetrator. China expresses its strong dissatisfaction with this. Lin Jian pointed out that serious incidents threatening the security of Chinese embassies and consulates in Japan have continued to occur from time to time. "We once again urge the Japanese side to thoroughly investigate and rectify the situation, reflect on its mistakes, delve into the root causes, and provide a responsible explanation to China and the international community," Lin Jian said.On July 28, Foreign Ministry Spokesperson Lin Jian held a regular press conference. A reporter from The New York Times asked, "According to reports, the U.S. State Department plans to invest hundreds of millions of dollars to counterbalance Chinas growing influence in the Americas, Africa, and Asia. What is Chinas response to this?" Lin Jian stated that normal relations and cooperation between countries should not be targeted at any third party. China has consistently opposed the formation of closed and exclusive "small circles." Lin Jian emphasized that Chinas cooperation with relevant countries and regions, especially with developing countries, is not about courting or confronting anyone, but about jointly safeguarding world peace, promoting global development, maintaining international order, and jointly building a community with a shared future for mankind.July 28th Futures News: On July 28th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 338,646 tons, an increase of 8,264 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,600 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 119 tons. 6. Petroleum asphalt futures warehouse receipts: 11,290 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 18,210 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.

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.