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On October 13, according to the German Bild newspaper, the German Ministry of Defense will no longer provide large military equipment to Ukraine in the near future. The newspaper pointed out that the German Federal Armed Forces will no longer provide large military equipment including Leopard-2 main battle tanks to the Ukrainian armed forces, although the German Federal Armed Forces still has nearly 300 such equipment, as well as infantry fighting vehicles and tank howitzers.On October 13, the National Labor Relations Board (NLRB) received a new complaint accusing Apple management of restricting, monitoring, and interfering with employee rights through illegal regulations regarding the use of Slack. The complaint filed with the NLRB stated that Apples social media policy prohibits employees from creating new Slack channels and requires workplace issues to be submitted to managers or to established "personnel support" channels. In a statement, Apple said it "strongly opposes" these new allegations and is committed to maintaining a "positive and inclusive workplace."On October 13, Indian media reported on the 12th that the government of New Delhi, the capital of India, plans to impose a "congestion tax" on vehicles entering the city during peak hours in the morning and evening in order to ease traffic congestion and improve air quality. The specific plan is still under discussion.October 13th news, according to Ukrainian media reports on October 13th local time, explosions were heard in Kiev, Ukraine.On October 13, Li Qiang pointed out that China is willing to promote cooperation in various fields with Vietnam at a higher quality and level, and consolidate the "six more" development pattern. It is hoped that the two sides will simultaneously promote the "hard connectivity" of railways, highways, and port infrastructure and "soft connectivity" such as smart customs, to provide solid support for improving the level of trade and investment facilitation and maintaining the stability and smoothness of the supply chain. China is willing to continue to expand the cake of economic and trade cooperation with Vietnam, actively study the pilot construction of cross-border economic cooperation zones, expand cooperation in emerging fields such as information technology, new energy, digital economy, and important minerals, and deepen cultural exchanges. Actively carry out cooperation on the three major global initiatives, jointly promote an equal and orderly world multipolarization and inclusive economic globalization, and maintain and promote prosperity and tranquility in Asia.

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

Skylar Shaw

Oct 31, 2022 15:42

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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.