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A spokesperson for the Saudi Ministry of Defense said that four drones were intercepted in the eastern region.March 22 – Shougang Group and FAW Group have recently completed the material development and application verification of 2.4 GPa (2400 MPa) grade hot-formed steel. The successful development of this material marks my countrys entry into the ranks of global leaders in the application of high-performance automotive steel. The 2.4 GPa grade hot-formed steel will be first applied to key safety structural components of Hongqi models.March 22 – The China Development Forum Annual Meeting 2026 opened in Beijing on the 22nd. Before the opening ceremony, Jeffrey Sachs, a professor at Columbia University and a renowned economist, commented on the war with Iran, calling it a "shameful war" waged by the United States and Israel, which will severely impact the global economy, but its impact on China will be limited. He emphasized that if the war continues, it could trigger a global economic crisis. This war has not only closed the Strait of Hormuz but is also destroying the energy infrastructure of Gulf states. "All countries in the world should tell these two countries, stop, go home! You have abused the international system, you are reckless, you have violated the UN Charter, stop your aggression."The Israeli military says it is currently conducting airstrikes against Tehran.March 22 - According to reports from the British military, a Royal Navy nuclear-powered submarine, capable of launching cruise missiles, has arrived in the Arabian Sea on the evening of March 21, local time.

Crypto Market Daily Highlights – ETH and SOL Lead a Bullish Top Ten

Cory Russell

Oct 24, 2022 15:10

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With 90 minutes (UTC) left in the session, the top 10 cryptos are seeing a bullish Sunday session. The top two are ethereum (ETH) and solana (SOL). While avoiding sub-$19,000 for a second session, BTC dropped short of $20,000 for the sixteenth straight day despite the strong session.


The lowering bets of a 75 basis point Fed rate rise in December were left to give a strong close to the week since external market pressures were lacking.


News that FOMC members wanted to talk about less aggressive policy changes broke on Friday. Mary Daly, a member of the FOMC, also expressed support for riskier investments. Daly said that it is appropriate to think about easing back prior to the FOMC blackout period, which should prevent the economy from becoming a Fed-fueled recession.


Janet Yellen, a former chair of the Federal Reserve and US Treasury Secretary, sought to calm market anxiety over inflation by stating that there was no evidence for it to become ingrained in the US economy.


The talk on Friday reduced expectations for a 75-basis point rate increase in December and seems to be on track to give the cryptocurrency market its longest winning run since mid-September—three days.


The likelihood of rate increases in November and December, according to the FedWatch Tool, are 87.5% and 48.7%, respectively, as of this morning. The probability of a 75-basis point increase in December was 69.8% a week ago.


Prior to the US PMI data for October, Q3 GDP results from China will get attention.


Given the FOMC's stance of policy blackout until November 3, economic data might result in policy uncertainty. Positive headline and sub-component statistics may revive hopes for a December 75-basis point increase.


The NASDAQ 100 Mini is anticipated to set the tone. A optimistic start to the week is indicated by the decline in expectations of a hawkish December move, however the markets will need to manage the Chinese figures.

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