EUR/USD 1.17181
0.305%
Gold 4716.92
0.481%
Oil 93.244
-2.505%
USD/JPY 159.415
-0.194%
GBP/USD 1.35321
0.490%
GBP/JPY 215.732
0.299%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Acting U.S. Attorney General Blanche: Its time to build a banquet hall.April 27th - As tensions in the Middle East push up oil prices, U.S. Treasury market traders are closely watching this weeks Federal Reserve meeting to assess officials views on the inflation outlook. The market widely expects the Fed to keep interest rates unchanged on Wednesday, but traders tend to believe a rate cut is still possible before the end of the year. Swap market data from Friday showed the probability of a rate cut before the end of the year has risen to around 40%. This development could pave the way for Kevin Warsh, Trumps nominee, to lead the Fed and implement more accommodative policies. Against this backdrop, traders will be listening closely for incumbent Chairman Powells remarks at the post-meeting press conference for an update on his plans after his term ends next May. Meanwhile, this week will also see a series of Treasury auctions, including 2-year and 5-year notes, to test market demand at current yield levels.According to a recent article by tech journalist Marc Gurman, Apples successor CEO John Tenus will officially take office on September 1st, followed by the release of the first foldable iPhone. This arrangement aims to establish Tenus as the face of this product line. The device focuses on durability and micro-crease technology, and is expected to cost over $2,000. In addition to the phone, Cook has also left behind approximately 10 new product pipelines, including AI smart home devices, AR glasses, and touchscreen Macs, to help him drive Apple into an unprecedented product expansion cycle during his new term.Tanker tracking data shows that Iran has loaded 4.6 million barrels of crude oil at its crude oil terminals, and another 4 million barrels of oil appear to have broken through the US blockade.According to NBC News: The FBI is knocking on doors near the suspects home.

ETH Bulls in the Need of Shanghai Hard Fork Updates for $1,700

Jimmy Khan

Jan 31, 2023 16:19

微信截图_20230131151959.png


ETH saw a rough day's start, dropping to a low of $1,567 in the morning. ETH rose to a late high of $1,661, avoiding the First Major Support Level (S1) around $1,550. To close the day at $1,645, ETH overcame the First Major Resistance Level (R1) at $1,601 and the Second Major Resistance Level (R2) at $1,629


Bitcoin (BTC) gained 3.11% on Sunday. After losing 0.16% on Saturday, BTC gained 4.55% for the week to reach $23,746. For the first time since August 19, BTC avoided falling below $23,000 and reached a new 2023 high of $23,962.


After a choppy start to the day, BTC dropped to an early low of $23,000 before moving. BTC surged to a late high of $23,962, avoiding the First Major Support Level (S1) at $22,876. BTC surpassed the key resistance levels and finished the day at $23,746. Late support was provided by the Third Major Resistance Level (R3) at $23,639

Delivered by Fed Policy Sentiment and Easing FTX Contagion Support

On Sunday, there were no outside market factors that might have given BTC, ETH, and the larger market direction. Price support was provided by market bets on a Fed interest rate rise of 25 basis points on Wednesday and a less aggressive interest rate path to achieve the target inflation rate.


Another benefit for riskier assets would be if interest rates followed a less aggressive trajectory, which would reduce the likelihood of a harsh landing.


Lessening FTX contagion risk continues to be the major driver for the crypto market in the short run.


However, the most recent White House statement added another another layer of regulatory ambiguity for cryptocurrency investors to traverse. The SEC may intensify its mantra of regulation by enforcement without providing the cryptocurrency market with a clear regulatory roadmap in response to calls for lawmakers and regulators to increase regulatory control.


Investors should keep an eye on the cryptocurrency news wires today for developments on FTX and Genesis, as well as talk around the Shanghai hard fork. Investors should be on the lookout for any hints that the scheduled March hard fork timing may be delayed.


The NASDAQ Index will probably have an impact during the afternoon session before Wednesday's interest rate announcement.

Suggestion