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December 17th - ING Senior Economist Min Joo Kang wrote in a report that the Bank of Japan is more likely to raise interest rates on Friday due to strong Japanese exports. Exports rose for the third consecutive month in November, and core machinery orders surged for the second consecutive month in October. The data suggests the economy is recovering from the contraction of the previous quarter. The market will be watching comments from Bank of Japan Governor Kazuo Ueda. Given growing concerns about rising market interest rates, we expect Ueda to refrain from delivering any hawkish messages at the press conference.Yaojie Ankang-B (02617.HK) saw its gains widen to 20%, with the share price currently at HK$176.1.December 17th - Analyst Eamonn Sheridan stated that todays Japanese trade and investment data reinforced expectations that the Bank of Japan will raise interest rates by 25 basis points this week. After contracting last quarter, signs of economic recovery continue to strengthen. Japans exports rose for the third consecutive month in November, increasing by 6.1% year-on-year, easily exceeding market expectations. Strong demand in the US and Europe, along with a recovery in global semiconductor demand following the US trade agreement, drove this rebound. Exports to the US grew by 8.8%, and exports to the EU increased by nearly 20%, highlighting improved external momentum.According to futures market news on December 17th, as of the week ending December 13th, Japanese commercial crude oil inventories decreased by 464,387 kiloliters from the previous week to 10,223,572 kiloliters. Japanese gasoline inventories decreased by 14,171 kiloliters from the previous week to 1,714,382 kiloliters. Japanese kerosene inventories decreased by 98,423 kiloliters from the previous week to 2,272,809 kiloliters. The average operating rate of Japanese refineries was 90.8%, compared to 86.1% the previous week.December 17th - According to The Information, sources familiar with the matter revealed that OpenAI is in talks to raise at least $10 billion in investment from Amazon (AMZN.O) and use its AI chips. This deal could bring a new customer to Amazons Trainium chip, a competitor to Nvidias (NVDA.O) AI accelerator.

ADA Price Prediction: Bears Eye Sub-$0.350 on Fed and SEC Fear

Cory Russell

Feb 13, 2023 15:11

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ADA increased on Saturday by 2.79%. ADA finished the day at $0.368 after suffering a loss of 1.10% on Friday. ADA missed $0.400 for a third straight session despite the positive day.


ADA saw a mixed day's start, dropping to an early morning low of $0.357. The price of ADA increased to a final hour high of $0.370 after avoiding the First Major Support Level (S1) at $0.353. To close the day at $0.368 ADA overcame the First Major Resistance Level (R1) at $0.365.


Updates on IOHK were overshadowed by Fed Fear and Regulatory Risk.


Input Output HK (IOHK) revealed the most recent Ouroboros Genesis network improvement plans on Saturday.


A proof-of-stake (PoS) system called Ouroboros Genesis assures that members may join the network securely and without the need for third-party recommendations. The Genesis logic is 'now going through testing and needs more integration work,' according to IOHK, who anticipates a release in 2023. Cardano is presently running on Ouroboros Praos.


A plan to update the Cardano pre-production environment to protocol V8, which could go into effect this weekend, is one of the other network changes.


The price prognosis is still strong after the Weekly Development Report on Friday and the expected release of EMURGO's USDA stablecoin.


Fed Fear and Regulatory Risk, however, continue to be barriers for the cryptocurrency industry.


Fears of the SEC fining and ordering other crypto exchanges to stop offering crypto staking services will test investor mood in the wake of the announcement that Kraken settled with the SEC and stopped offering the service to US consumers.


The larger crypto market will be under pressure as attention shifts to the US CPI Report on Tuesday. A rise in inflationary pressure would justify a more aggressive Fed interest rate path to bring inflation to goal after the hot US Jobs Report and hawkish Fed discussion.