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Richmond Fed President Barkin and Boston Fed President Collins will attend a panel discussion in ten minutes.February 25th - According to Politico, US President Trump will announce in his State of the Union address Tuesday night that his administration has reached agreements with several large technology companies to share a larger portion of energy costs related to data centers. This announcement comes as the infrastructure being built for artificial intelligence could further strain the power grid and drive up electricity prices, a growing topic of discussion ahead of the midterm elections. A White House official confirmed before Trumps speech that these new "taxpayer protection commitments" are among the administrations boldest moves to date in the areas of artificial intelligence and energy. Data centers consume significant amounts of energy and sometimes water. A White House official confirmed that these unnamed companies have pledged to "pay out of their own pockets" to prevent consumers electricity bills from soaring.According to Politico: US President Trump will announce a data center energy deal during his State of the Union address.Market news: Canadian pipeline company South Bow is considering a new project that would restart a section of the Keystone XL pipeline. Canadian Prime Minister Mark Carney was aware of the restart plan when he presented the pipeline concept to US President Donald Trump.Waymo, Googles (GOOG.O) self-driving car division, has expanded its self-driving ride-hailing service to four cities in the United States.

ETH Bulls Should Aim for a Return to $1,280 or Risk a Fall to $1,230

Daniel Rogers

Dec 12, 2022 15:34

Bitcoin (BTC) and ethereum (ETH) closed the day in the red on Sunday, due to a late-day sell-off. BTC and ETH fell due to investor reaction to news of anomalous account behavior on Binance and concern of the Federal Reserve. This morning, there was no improvement in market circumstances. ETH and BTC first tested support levels as investors reacted to the most recent Binance news. On Sunday, Ethereum (ETH) declined by 0.32 percent. ETH closed the week down 1.31% to $1,263, reversing a Saturday gain of 0.32%. ETH dipped below $1,300 for the sixth session in a row.

 

After a range-bound morning, ETH reached a high of $1,285 in the early evening. ETH surpassed the First Major Resistance Level (R1) at $1,280 before falling to an intraday low of $1,256. ETH closed the day at $1,267 after finding support at the First Major Support Level (S1) at $1,257.

 

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.

 

Bitcoin (BTC) decreased by 0.13% on Sunday. BTC concluded the week at $17,110, down 0.10 percent following a Saturday down of 0.02%. Notably, Bitcoin avoided falling below $17,000 for the third session in a row.

 

Following a bullish morning, BTC reached a high of $17,503 in the early evening. BTC breached the day's Major Resistance Levels before tumbling to a low of $17,092. BTC ended the day at $17,110, avoiding the First Major Support Level (S1) at $17,076, albeit avoiding it.

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