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February 23 (Futures News) – As of 09:30 Beijing time, WTI crude oil futures fell 1.04%, while US natural gas futures rose 3.75%.A Reuters poll indicates that the Bank of Thailand will cut interest rates to 1.00% by the end of the second quarter.A Reuters poll of 27 economists showed that 21 of them believed the Bank of Thailand would keep its benchmark interest rate unchanged at 1.25% on February 25.South Koreas Minister of Trade, Industry and Energy: Chips are unaffected by US President Trumps latest tariffs.February 23 - Analysts believe that South Koreas exports continued their growth momentum in early February, driven by robust semiconductor demand. Data released by the Korea Customs Office on Monday showed that, after adjusting for working day differences, exports in the first 20 days of February increased by 47.3% year-on-year. In comparison, the revised increase for the entire month of January was 34%. Unadjusted shipments increased by 23.5%, while imports increased by 11.7%, resulting in a trade surplus of $4.95 billion. Semiconductor exports surged by 134%, continuing the strong growth driven by AI and data center investments. Shipments of computer peripherals and petrochemical products increased by 129% and 11%, respectively. Meanwhile, automobile exports declined by nearly 27%, and auto parts shipments declined by about 21%, reflecting ongoing adjustments to the US tariff regime. This indicates that South Koreas export engine remains supported by the global artificial intelligence cycle, thus buffering weakness in other sectors.

ETH Fails to Make a Move ahead of Testnet Launch with Powell in Focus

Skylar Shaw

Feb 02, 2023 15:49

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Tuesday, Ethereum (ETH) increased by 1.21%. ETH concluded the month up 32.64% at $1,585, partially correcting a 4.80% decline from Monday.


ETH dropped to a low of $1,561 in the middle of the morning after a mixed morning. The First Major Support Level (S1) around $1,518 was avoided, and ETH climbed to a high of $1,605 in the late afternoon. ETH slipped down to close the day at less than $1,600 after failing to reach the First Major Resistance Level (R1) at $1,631.


Bitcoin (BTC) increased by 1.34% on Tuesday. BTC closed the month up 39.67% to $23,135 after somewhat rebounding a 3.86% decline from Monday. The month of BTC was the greatest since October 2021.


As the day got off to a mixed start, BTC dropped to an early low of $22,730. BTC rose to a late high of $23,297 while avoiding the First Major Support Level (S1) at $22,292. BTC pulled slightly after falling short of the First Major Resistance Level (R1) at $23,577 to conclude the session at $23,135.