• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 25, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. A reporter asked about Chinas law enforcement patrols in the waters east of Taiwan. Spokesperson Guo stated that, according to Chinese domestic law and international law, including the United Nations Convention on the Law of the Sea, China possesses an exclusive economic zone and continental shelf in the waters east of Taiwan. The relevant Chinese departments law enforcement patrols in these waters are legitimate measures to exercise jurisdiction in accordance with the law, maintain regional stability and maritime order, and are also necessary actions against Japan and the Philippines manipulation of maritime boundary issues and infringement upon Chinas maritime rights and interests. Relevant countries should respect Chinas sovereignty, territorial integrity, and maritime rights and interests, stop confusing right and wrong and distorting the truth, and relevant institutions should not make statements inconsistent with their status. The DPP authorities turn a deaf ear and a blind eye to the infringements committed by Japan and the Philippines, but instead colluded with external forces to launch a massive attack and smear campaign against the central governments rights protection efforts, and clamored for the fallacy of "Taiwan independence." This once again exposes the DPP authorities stubborn "Taiwan independence" nature and their ugly face of betraying the overall interests of the Chinese nation, and will surely be spurned by compatriots on both sides of the Taiwan Strait and subject to historical reckoning.June 25th - According to US media reports, Swiss Federal President and Minister of Economic Affairs Guy Parmelin will visit the United States at the end of this month to meet with US Trade Representative Greer, aiming to finalize a broader trade agreement between the two countries amid renewed tariff pressure from Washington. Parmelins trip is scheduled from June 29th to July 9th, during which he will visit the United States, Canada, and Mexico. A statement from his ministry confirmed the meeting with Greer was planned, but did not specify a date. The statement also indicated that the trip is intended to "emphasize the win-win nature of the close economic ties between Switzerland and the United States."On June 25, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. A reporter asked about issues related to Honduras. Guo Jia-kun stated that China has noted the Honduran governments clarification of the lies told by the Taiwan authorities. This once again demonstrates that adhering to the one-China principle is a matter of international justice, the will of the people, and an irresistible trend. The "Taiwan independence" forces and the DPP authorities are going against the tide, are unpopular, and are doomed to failure. Since the establishment of diplomatic relations between China and Honduras, bilateral relations have developed rapidly on the basis of the one-China principle, and pragmatic cooperation in various fields has contributed to Honduras economic and social development. Facts fully prove that the establishment of diplomatic relations between China and Honduras is in the fundamental and long-term interests of both countries and their people. China is willing to promote the continuous development of China-Honduras relations on the basis of the one-China principle.Midday futures market summary for June 25: Weakness was concentrated in precious metals, chemicals, and the energy chain, with Shanghai silver leading the decline, falling by over 7%. Click to view.WTI and Brent crude oil prices are currently trading at around $70.42/barrel and $73.18/barrel respectively.

BTC Fear & Greed Index Falls to 31 as Investor Focus Shifts to the Fed

Skylar Shaw

Oct 31, 2022 15:42

微信截图_20221031104844.png


Bitcoin (BTC) decreased by 0.89% on Sunday. BTC concluded the week up 5.42% to $20,647, partially undoing a Saturday gain of 1.08%. Notably, BTC avoided trading below $20,000 for the fifth day in a row and ended the day above $20,000 for the sixth straight session.


After a choppy morning, BTC increased to a high of $20,950 in the middle of the trading day. A late low of $20,532 was reached by BTC as it failed to reach the First Major Resistance Level (R1) at $21,091. Before partially regaining its footing to reach $20,647, BTC momentarily breached the First Major Support Level (S1) at $20,576.


In anticipation of a busy week for the global financial markets, investors had a calm day to lock in gains. The Fed announces its decision on interest rates this coming Wednesday. The Fed's intentions for December remain unclear, despite the markets' bets for a 75-basis point rate increase.


The bullish week was fueled by anticipation of a Fed turnaround in December. The markets, however, could see investor concern prior to the Wednesday decision. The sensitivity of the cryptocurrency market to US economic data and the Fed maintains the BTC link with the NASDAQ 100.


The NASDAQ 100 Mini was down 56.75 points this morning, pushing BTC into negative territory.

Investor caution increases ahead of the Fed, causing the Fear & Greed Index to decline.


The Fear & Greed Index dropped from 34/100 to 31/100 this morning. Investor apprehension ahead of the FOMC interest rate decision and press conference on Wednesday is reflected in the decline. A return of the Index to the Neutral area would be supported by confirmation of the Fed's shift in December.


As investors wait for the Fed to announce its policy, US economic statistics will continue to be the major focus in the near term. Prior to Wednesday's decision, important statistics include JOLTs job postings, ADP nonfarm employment, and ISM Manufacturing PMI data.


To support a reversal of the negative trend in BTC, the Index will need to hit 40/100 and the neutral zone. A decline to below 20/100 would indicate a BTC decline to below $18,000.