EUR/USD 1.18371
-0.113%
Gold 4923.10
-1.363%
Oil 63.814
0.392%
USD/JPY 153.053
-0.300%
GBP/USD 1.35782
-0.374%
GBP/JPY 207.823
-0.660%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 17 – A Ukrainian delegation arrived in Geneva, Switzerland, on the 17th to participate in a new round of negotiations involving Ukraine, the United States, and Russia. Russian Presidential Press Secretary Dmitry Peskov said on the 17th that the trilateral talks would continue until the 18th. Sources said the Russian delegation planned to begin talks with the United States and Ukraine at 2:30 PM Moscow time (7:30 PM Beijing time) on the 17th. The talks will mainly cover five areas: territorial, military, political, economic, and security issues.Suzuki launched its first electric vehicle in India on Tuesday, offering customers a battery leasing program to reduce upfront costs.February 17 - Iranian Foreign Ministry spokesman Bagaei, who is participating in the second round of Iran-US talks, said on the sidelines that Iran is maintaining an open attitude and the two sides have discussed the nuclear issue and the lifting of sanctions.On February 17, Li Liang of Douyin Group posted an article stating: "A large number of marketing accounts are systematically hyping up the idea that ByteDance is Hengkes biggest short seller, sophistry by arguing that the coincidence in time is a cause-and-effect relationship. In reality, they are trying to sow discord between the companies and blame the temporary rise and fall of the index caused by multiple factors on the companys launch of competitive products. This is absurd and malicious."According to reports, the Geneva talks on the Ukraine issue will begin in an hour, and some members of the Russian delegation will also arrive at the negotiation venue soon.

ETH Aims for $1,700 as Investors Return Following a Sunday Break

Daniel Rogers

Nov 01, 2022 17:52

 截屏2022-11-01 下午5.00.13.png

 

Bitcoin (BTC) and ethereum (ETH) saw losses on Sunday, but concluded the week with gains of 5.42 percent and 16.63 percent, respectively. Despite the fact that expectations of a December Fed pivot provided support throughout the week, the pair experienced profit-taking on Sunday. Nevertheless, the technical indications remain optimistic, indicating additional increases in the coming week.

 

Bitcoin (BTC) declined by 0.89% on Sunday. BTC finished the week up 5.42% at $20,647, partially offsetting Saturday's 1.08% gain. Notably, Bitcoin closed the day at $20,000 for the sixth consecutive session, averting a drop below $20,000 for the fifth consecutive day.

 

After a volatile start to the day, BTC reached a high of $20,950 by mid-morning. BTC reached a late-day low of $20,532 after failing to surpass the First Major Resistance Level (R1) at $21,092. BTC momentarily breached the First Major Support Level (S1) at $20,576 before recovering partially to $20,647.

 

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.

 

On Sunday, Ethereum (ETH) declined 1.79 percent. ETH closed the week up 16.63% to $1,591, partially reversing a 4.18% gain from Saturday.

 

ETH reached a mid-morning high of $1,640 after a positive start to the day. ETH dropped to a late-afternoon low of $1,576 after failing to surpass the First Major Resistance Level (R1) at $1,673. ETH completed the day at $1,591, avoiding the First Significant Support Level (S1) at $1,557.

 

It was a calm conclusion to a bullish week, allowing investors to lock in profits prior to a significant week on the global financial markets. On Wednesday, the Federal Reserve will announce its interest rate decision. While the markets are relying for a 75-basis-point rate hike, the crypto bulls continue to be challenged by the Fed's December plans.

 

Due to the crypto market's sensitivity to US economic statistics and the Federal Reserve, the correlation between BTC and ETH and the NASDAQ Composite Index remains intact.

 

The FedWatch Tool placed the likelihood of November and December rate rises at 86.7% and 45.5%, respectively, this morning. Prior to one week, the probability of a 75-basis-point increase in December stood at 54.9%.

Suggestion