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On March 2nd, British Prime Minister Keir Starmer issued a statement on the evening of March 1st, stating that Britain had agreed to allow the United States to use British military bases for "specific and limited" defensive purposes. He stated that Gulf states had requested increased British defense capabilities, and that Britain had deployed fighter jets to the region, successfully intercepting Iranian attacks. Starmer also stated that Britain was not involved in any strikes against Iran. Furthermore, the leaders of Britain, France, and Germany issued a joint statement on the evening of March 1st, indicating that they might take "necessary and proportionate defensive action" against Iran to destroy its ability to launch missiles and drones.On March 2nd, Fitchs research arm, BMI, stated in a report that the temporary surge in oil prices following the US and Israeli attacks on Iran could reduce real GDP growth in several major economies by 0.1 to 0.3 percentage points. Inflation could also rise by 1.0 to 2.5 percentage points. Growth in the Gulf region, due to its proximity to the conflict zone, is likely to be hit hardest. Disruptions to shipping in the Strait of Hormuz will affect trade in both hydrocarbons and non-hydrocarbons, potentially offsetting any increased oil production from OPEC countries. This supply shock could trigger capital outflows from emerging markets, prompting some central banks to prematurely end their easing cycles and raise interest rates.According to ABC News: Trump stated, "The Iranians have contacted me. Someone within the Iranian government has reached out. I probably shouldnt tell you who he is. Hes no longer reporting to the Supreme Leader."On March 2nd, it was reported that Didi Chuxings autonomous driving division recently established the Deep Dome Voyage Lab. Based on this lab, Didi Autonomous Driving has taken the lead in establishing a deep industry-academia-research collaboration with Professor Li Shengbos research group at Tsinghua University. The two parties will focus on cutting-edge areas such as multimodal large-scale models, world models, and reinforcement learning, jointly promoting breakthroughs and industrial applications in multimodal end-to-end autonomous driving technology.An Amazon (AMZN.O) data center in the UAE has reportedly been attacked.

ETH Bulls Target a Return to $1,600 on Shanghai Hard Fork Sentiment

Cory Russell

Jan 17, 2023 16:05

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On Sunday, Ethereum (ETH) increased by 0.19%. ETH gained 6.75% on Saturday before gaining 20.39% for the week to $1,553. For the second time since November 7, ETH ended the day above $1,500.


ETH saw a negative start to the day, dropping to a low of $1,516 in the morning. ETH increased to a high of $1,567 in the late afternoon after avoiding the First Major Support Level (S1) at $1,467. ETH slipped back to conclude the day at $1,553 after failing to pass the First Major Resistance Level (R1) at $1,616, however.


Bitcoin (BTC) decreased by 0.40% on Sunday. BTC concluded the week up by 21.83% to $20,882, somewhat erasing a 5.20% rise from Saturday. Notably, BTC had its seven-session winning run come to an end while testing $21,000 for the second time since November 7.


As the day got off to a negative start, BTC dropped to an early low of $20,566. BTC increased to a high of $21,055 in the late afternoon, avoiding the First Major Support Level (S1) around $20,116. BTC crept slightly to close the day at $20,882, but it fell short of the First Major Resistance Level (R1) at $21,597.