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On March 21, the Israel Defense Forces (IDF) issued a statement saying that it had launched a large-scale airstrike on multiple ballistic missile production facilities in Tehran, the capital of Iran. The statement said that, with intelligence support, the IDF struck dozens of facilities used by the Iranian Islamic Revolutionary Guard Corps for the research and production of ballistic missile components, missile component storage facilities, and missile fuel-related facilities. The statement also said that the IDF would continue to expand its strikes against Iranian weapons production facilities.Iranian Embassy in India: Iranian President Pezechzian called on BRICS countries to play an independent role in stopping aggression against Iran.Iranian television: Police in West Azerbaijan province have arrested 25 suspected intelligence agents.On March 21, Bank of America discussed the outlook for the US dollar and maintained its medium-term bearish view. The bank stated, "Since the outbreak of the Iran war, the US dollar has unsurprisingly appreciated against other G10 currencies, although the overall appreciation has not been significant. Until the situation becomes clearer, oil prices and major risks will continue to dominate the foreign exchange market. Meanwhile, interest rate expectations have been raised in most G10 central banks, which has somewhat restrained the dollars appreciation," Bank of America noted. Bank of America further pointed out that although relative interest rates have not been the main driver of the foreign exchange market during this period, this situation may change as the impact of the war on the real economy gradually becomes apparent. "While we maintain our long-term bearish view on the US dollar, upside risks to the dollar are likely to dominate as the war continues," Bank of America added.The Israeli military claims to have attacked a ballistic missile production facility of the Iranian Revolutionary Guard in Tehran.

Crypto Market Daily Highlights – DOGE Led a Mixed Top Ten Session

Lorna Divakar

Dec 23, 2022 15:51


The top 10 cryptocurrency exchanges had a choppy Thursday session. While BNB and BTC defied the top ten trend, DOGE took the lead. It is noteworthy that BTC missed $17,000 for the sixth time in six sessions.


The crypto market plunged into the red before regaining support as a result of US economic indices and business results.


Initial unemployment claims increased to 216k in the week ending December 16. Economic experts predict a rise to 222k. Additionally, US GDP data for Q3 came in hotter than anticipated. The US economy grew by 3.2% in Q3, up from a preliminary 2.9%. The economy shrank by 0.6% in Q2.


Both reports confirmed the pessimistic Fed and FOMC economic forecasts, which caused riskier assets to decline.


By announcing layoffs in reaction to a decline in demand for computer chips, Micron Technology Inc (MU) contributed to the gloomy sentiment. In reaction, the S&P 500 fell by 1.45% and the NASDAQ Index fell by 2.18%.


The late comeback was brought about by a NASDAQ Index recovery from session lows since there were no crypto news pieces to provide guidance. The main cryptocurrency news item of the day was the $250 million bail posted by former FTX CEO Sam Bankman-Fried.


US economic statistics and cryptocurrency news wires will provide guidance today. Personal expenditure and US inflation will have an impact. Updates on the FTX and regulatory rumors will also need to be taken into account. The NASDAQ mini was down 27.5 points this morning.


Greater-than-anticipated US inflation data would offer the Fed more justification to maintain its aggressive interest rate trajectory, further escalating concerns about an impending economic crash.

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