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Citigroup lowered its price target for Adobe (ADBE.O) from $264 to $228.The Turkish Foreign Minister spoke with the Iranian Foreign Minister to discuss the US-Iran agreement.On June 15th, the Guangdong Provincial Government and China Southern Power Grid Company signed a framework agreement in Guangzhou for comprehensive and in-depth strategic cooperation during the 15th Five-Year Plan period. According to the agreement, the Guangdong Provincial Government and China Southern Power Grid Company will conduct comprehensive and high-level pragmatic cooperation in areas such as building a new energy system and a new power system; constructing a new power grid with coordinated main, distribution, and micro-power systems; guiding the green and low-carbon transformation of the whole societys production and lifestyle; building a globally influential energy and power technology industry center; and deepening energy and power system reform and safety governance. This cooperation aims to accelerate the construction of China Southern Power Grid Company into a world-class enterprise and better support Guangdong in taking the lead in advancing Chinas modernization.RIA Novosti, citing the Russian embassy, reported that there were no Russian crew members on the oil tanker seized by Britain.June 15th - Strategists at UniCredit Investment Research Institute stated that following the interim peace agreement between the US and Iran, the market lowered, but did not completely eliminate, expectations of a Federal Reserve rate hike, thus limiting the dollars decline. Data from the London Stock Exchange Group shows that the market sees a 68% probability of a 25 basis point rate hike in December, fully reflecting expectations of action by March next year. These strategists stated that a rate hike is still possible, which should make the dollars decline less dramatic compared to other assets, primarily oil prices. This is only an interim agreement, laying the groundwork for a new 60-day round of negotiations on the fate of Irans nuclear program.

Despite Bearish BTC Session, BTC Fear & Greed Index Avoids Sub-30

Daniel Rogers

Nov 08, 2022 16:18

 截屏2022-11-08 下午4.10.25.png

 

Bitcoin (BTC) declined by 1.54% on Monday to end the day below $21,000 for the second consecutive session. BTC and the broader market dissociated from the NASDAQ Composite Index, as crypto investors await the US CPI report this week. The Bitcoin Fear & Greed Index decreased from 33/100 to 31/100 as the bearish BTC session weighed on the index.

 

Bitcoin (BTC) decreased by 1.54% on Monday. Sunday's closing BTC price was $20,609, following a 1.79% fall. Notably, Bitcoin closed the day for the second consecutive session below $21,000.

 

BTC reached a day's early high of $21,083 despite a shaky start. BTC reached a late-day low of $20,421 after failing to surpass the First Major Resistance Level (R1) at $21,240. Before partially recovering to $20,609, BTC fell through the First Major Support Level (S1) at $20,762 and the Second Major Support Level (S2) at $20,592.

 

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.

 

A lackluster economic calendar in the United States hindered BTC. This week, US inflation, retail sales, and consumer sentiment data will impact market sentiment towards the US economy and a December Fed turn.

 

However, the NASDAQ Composite Index increased by 0.85% on Monday, as optimism surrounding the US midterm elections provided support. Later today, the US economic calendar will feature another day of inactivity, leaving investors in suspense as the attention remains on the midterm elections. The NASDAQ mini was up 15.5 points this morning.

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