EUR/USD 1.17168
-0.033%
Gold 4711.82
-0.599%
Oil 94.421
3.438%
USD/JPY 159.458
0.095%
GBP/USD 1.35245
-0.065%
GBP/JPY 215.663
-0.033%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Germanys GfK consumer confidence index fell to -33.3 in May, the lowest level since February 2023.April 27th - The National Dataset Management and Service Platform will be officially launched soon. The "Guidelines for the Construction of High-Quality Datasets," released at the end of August last year, encourages the establishment of two-tiered dataset management and service platforms at the national and local/industry levels. These platforms will enable compliant dataset aggregation, efficient retrieval, sample downloads, quality evaluation, and the creation of a national dataset resource map. A dynamic quality evaluation mechanism will also be established to facilitate the matching of dataset supply and demand. Local governments are encouraged to build dataset management and service platforms that provide personalized services based on regional and industry datasets and interconnect with the national platform to promote the secure flow of datasets between supply and demand entities.Germanys GfK consumer confidence index for May was -33.3, compared to a forecast of -29.3 and a revised previous reading of -28.1.Germanys May GfK consumer confidence index will be released in ten minutes.On April 27th, Barclays analysts stated in a report that with inflation remaining high, the Federal Reserve is expected to keep the target range for the federal funds rate unchanged at its meeting this week, but a rate cut is still possible this year. The analysts said, "In a highly uncertain environment, the Fed tends to remain on hold. Strong demand and still relatively high inflation support its patience, and policymakers have also signaled a diminishing confidence in further rate cuts in the near term." The analysts indicated that if inflation falls as expected, the Fed is expected to gain sufficient confidence to begin easing policy around September. "We still expect it to cut rates this year." According to LSEG data, the money market currently prices in a 10 basis point rate cut by the Fed in 2026.

Daily Crypto Market Recap - XRP Joins DOGE and BNB in the Green

Alina Haynes

Nov 01, 2022 17:55

截屏2022-11-01 下午4.58.54.png


Monday was a mixed day for the top 10 cryptocurrencies, with dogecoin (DOGE) advancing and ethereum (ETH) falling. The broader market was pulled down by the NASDAQ Composite Index's poor month-end performance, while XRP, BNB, and DOGE enjoyed bullish days. The market capitalization of cryptocurrencies decreased by $0.506 billion to close the month at $971.9 billion. The crypto top 10 experienced a mixed Monday session. Dogecoin (DOGE) resumed its climb toward $0.20, while binance coin (BNB) and ripple (XRP) defied the trend. However, BTC touched red for the second time in four sessions despite avoiding sub-$20,000 territory for the sixth day in a row.

 

The absence of US economic indicators left the NASDAQ to exert influence. As investors prepare for Wednesday's FOMC interest rate decision and press conference, market caution has returned after last week's Fed pivot-driven gains.

 

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 as low as 0 pips and a commission rate of $3.50 per 100,000 USD 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.

 

Important statistics include ISM Manufacturing PMI, JOLTs job vacancies, and ADP nonfarm employment change figures prior to Wednesday's decision. In light of the contradictory statistics from the previous week, we can anticipate sensitivity to the numbers.

 

Today, economic indicators in the United States include the ISM Manufacturing PMI and JOLTs job opportunities.

 

The markets will look beyond the headline numbers for both reports. The ISM survey will likely focus on new orders, cost pressures, and employment, while the JOLTs report will highlight quit rates.

 

While the markets have priced in a 75-basis-point November hike, December's action remains unknown.

 

The FedWatch Tool placed the probability of November and December rate hikes at 89.2% and 47.2%, respectively, prior to Tuesday's session. Prior to one week, the probability of a 75-basis-point increase in December stood at 54.9%.

 

Given the crypto market's sensitivity to US economic statistics and the FED, the correlation with the NASDAQ 100 is likely to persist in the near future. The NASDAQ 100 Mini gained 26.25 points this morning. The NASDAQ Composite Index lost 1.03 percent on Monday.


Suggestion