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1. Wells Fargo: The Fed is increasingly unlikely to cut rates in March. 2. Citigroup: The Fed is expected to make its next rate cut in May, compared with January. 3. JPMorgan Chase: Given the latest (strong) non-farm payrolls data, the Fed is expected to make its next rate cut in June, compared with March. 4. Bank of America: The rate cut cycle may be over; the basic assumption is that the Fed will keep rates unchanged for a long time, but the risk of the next move is inclined to a rate hike. 5. Goldman Sachs: Reduced the Feds rate cut this year from 75 basis points to 50 basis points; the Fed is expected to cut by 25 basis points in June and December respectively. 6. Morgan Stanley: The non-farm report should reduce the likelihood of a near-term Fed rate cut; due to a more favorable inflation outlook, a rate cut in March is still likely.According to AFP: Brazil gave Meta Platforms (META.O) 72 hours to explain its new fact-checking policy.Natural Gas of Spain: In December, liquefied natural gas accounted for 53.5% of Spains natural gas imports, and natural gas imported through pipelines accounted for 46.7%.On January 11, Donald Rissmiller, chief economist at New York research firm Strategas Research, said that the stronger-than-expected non-farm payrolls in December put a solid end to 2024, but this did not significantly change the trajectory of the US economy. Rissmiller said that growth in all industries except manufacturing should give the Federal Reserve time to cut interest rates because the cooling of the economy seems to be quite gradual. But the report also shows that one month of strong performance does not change the overall situation. The length of time workers are unemployed continues to increase, suggesting that the job market is not as tight as before.January 11th, following the shocking non-farm payrolls data in December last year, investors are now turning their attention to the December CPI data scheduled for release next Wednesday. Bank of America analysts Sarah House and Aubrey Woessner expect overall inflation to reach a five-month high of 2.9% in December, higher than 2.7% in November. They said in a report that the core CPI growth rate is expected to remain at 3.3% for the fourth consecutive month. They believe that inflation "will stagnate this year as anti-inflationary benefits from improved supply chains and falling commodity prices have faded, while new headwinds may emerge from trade policy."

Bitcoin – The Spring Compressed Tightly

Alina Haynes

Oct 19, 2022 15:39

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Bitcoin is once again trading at $19.3K, as it has been seven of the last eight mornings. Again, attempts to extend the uptrend have been greeted with rising selling pressure. A flawless month-long flat has caused the rate to decrease by 1.5% in 24 hours, increase by 0.8% in 7 days, and increase by 2.4% in 30 days. Near $1300, Ethereum trades, dropping 2.4% in 24 hours but gaining 0.65% in 7 days.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Bitcoin found room to move farther into the triangle's corner, pulling back from its upper boundary, and the 50-day moving average is now acting as resistance. All of this indicates that the financial world is awaiting additional clear signs before making a decisive move in either way.

 

Nevertheless, we continue to believe that the exit from this lull will be upward rather than downward - the downturn has been too protracted, and too much pessimism is already priced into prices.

 

At the same time, renowned crypto writer Ton Weiss predicted that Bitcoin's price may fall to $11,000 before regaining its footing. According to him, BTC is forming a downward triangle, similar to the triangle saw in 2018, when the value of the first cryptocurrency virtually halved. According to a second scenario, Bitcoin would continue to consolidate in a range until the end of the year.

History of the news

Glassnode cautioned that the drop in indicated and realized volatility towards historical lows portends an imminent increase in volatility.

 

Bitcoin was recognized as the oldest cryptocurrency, the first decentralized cryptocurrency, and the most expensive cryptocurrency in the most recent edition of the Guinness World Records ("Guinness World Records 2023").

 

Vitalik Buterin, co-founder of Ethereum, stated that network validators should be tolerant and refrain from censoring transactions that do not align with their values.

 

According to the Financial Conduct Authority (FCA) of the United Kingdom, bitcoin fraud has received the most investor complaints.

 

Interpol has established a dedicated unit to combat cryptocurrency crime. The Singapore-based team will help international law enforcement agencies with digital asset-related investigations.

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