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The yield on five-year Japanese government bonds rose 4.0 basis points to 1.665%. The yield on 20-year Japanese government bonds rose 3.0 basis points to 3.090%.Bank of America Global Research expects the Bank of England to cut interest rates by 25 basis points each in June and September 2026, compared with previous forecasts of cuts in March and June.March 13 – Abu Dhabi National Oil Company (ADNOC) has cut crude oil shipments from its onshore partners by about one-fifth this month, even though the oil will still be transported to a port outside the nearly closed Strait of Hormuz. Sources familiar with the matter said the state-owned oil producer has notified its equity partners that they are only allowed to load 80% of their remaining Murban crude quotas in March. The sources did not disclose the specific reasons but indicated that cargoes of the UAEs flagship Murban crude can still be picked up from the port of Fujairah. Previously, ADNOC had stated that these cargoes would need to be picked up from the port of Jabel Dana in the Persian Gulf, meaning they would need to cross the Strait of Hormuz. ADNOCs move comes as the Middle East conflict enters its second week, following several cases of Asian refiners being unable to pick up their March shipments. Traders familiar with the situation said some buyers Middle East orders have been cancelled due to a lack of shipping options.On March 13th, according to Tianyanchas risk information platform, on March 12th, Evergrande Group Co., Ltd., Xinjiang Guanghui Industrial Investment (Group) Co., Ltd., and others added a new resumption of enforcement information, with an enforcement target of over 2.12 billion yuan. The executing court is the Guangzhou Intermediate Peoples Court of Guangdong Province. Evergrande Group Co., Ltd. was established in January 2014, with Han Xue as its legal representative and a registered capital of 53 billion yuan. Shareholder information shows that the company is wholly owned by Guangzhou Kailong Real Estate Co., Ltd. Tianyanchas risk information shows that the company currently has more than 30 enforcement records, with a total enforcement amount exceeding 5 billion yuan. In addition, the company also has multiple records of being a dishonest judgment debtor (laolai) and cases that have been terminated due to lack of assets.Market news: Abu Dhabi National Oil Company cut crude oil supplies from its onshore partners by about one-fifth this month.

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.