EUR/USD 1.15394
-0.023%
Gold 4383.54
-0.152%
Oil 81.033
-0.500%
USD/JPY 159.274
-0.016%
GBP/USD 1.34997
-0.050%
GBP/JPY 215.020
-0.064%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 11th - U.S. existing home sales fell to a three-month low in July, with high home prices and mortgage rates continuing to weigh on the housing market. Data released Tuesday by the National Association of Realtors (NAR) showed that contracted sales fell 1.7% month-over-month in July to an annualized rate of 4.06 million units, in line with the median forecast in a survey of economists. The weak sales figures indicate that the housing market remains sluggish, with persistently high listing prices and rising borrowing costs deterring many potential buyers. The existing home market has been hovering around an annualized rate of 4 million units since the end of 2022, awaiting a catalyst for a sustained rebound. NAR Chief Economist Lawrence Yun stated in a press release, "Home sales have been very stable, and even with the recent rise in mortgage rates, if the average mortgage rate could return to near 6%, theres no doubt the housing market would thrive."Market news: US President Trump said the reason for the US ammunition shortage is that Joe Biden provided $300 billion in aid to Ukraine.A U.S. State Department official said that negotiations between Lebanon and Israel are expected to resume in Rome in early September.US existing home sales fell 1.7% month-over-month in July, compared with an expected decline of 1% and a revised decline of 1.4% in the previous month (originally reported as -2.40%).U.S. existing home sales totaled 4.06 million units annualized in July, below the expected 4.05 million units and the previous figure revised from 4.09 million units to 4.13 million units.

Crypto Market Daily Highlights: BTC Delivered Market Support

Skylar Shaw

Mar 06, 2023 17:01

微信截图_20230306114828.png


The bitcoin top ten had a varied practice on Sunday. XRP, BNB, and ETH suffered, while MATIC topped the list of ten. In spite of the positive session, Bitcoin missed $23,000 for the second day in a row.


On Sunday, there were no crypto-related activities to divert buyers. Dip purchasers were forced to come back from the periphery by the dearth of events. The market, however, remained range-bound and only made moderate gains as a result of investor apprehensions regarding Silvergate Bank and attitudes toward increasing legislative and regulatory surveillance.


Investors now face regulation ambiguity and greater governmental inspection, which was made easier by the reduction in Fed Fear. The G20 is attempting to implement regulation changes to fight unethical crypto practices and reduce the dangers cryptos pose to financial security in response to the fall of FTX, which has given the anti-crypto side of the debate a stronger position.


The cryptocurrency marketplaces will have a hectic week this week. With the "first-ever Senate session centered on the pressing need to clamp down on the increasing environmental effects of crypto mining," Bitcoin mining will be a heated subject on Capitol Hill on Tuesday.


We anticipate learning more about FTX, Silvergate Bank, and Binance. A message to CEO CZ from US legislators last week specifically mentioned Binance. According to the letter, the site helped crooks and sanction evaders receive over $10 billion in funds.


Investors will discreetly hope that Ripple makes excellent headway in the current SEC v. Ripple lawsuit despite the increased monitoring. A win for Ripple might relieve pressure on the cryptocurrency market, especially if the Hinman Papers become public knowledge.


Investor attention will continue to be focused on the Day Ahead Binance, FTX, and Silvergate Bank reports, as well as regulation action and US legislator talk.


Prior to Fed Chief Powell's statement on Tuesday and Wednesday, investors should pay attention to what the FOMC members are saying. A bullish shift would hurt the NASDAQ Composite Index and strengthen the hands of the cryptocurrency investors. This morning, the NASDAQ mini was down 20 points.


Suggestion