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Conflict Update: 1. Ukraine claims a kindergarten was attacked. 2. Zelenskyy stated Ukraine will respond "reciprocally" to Russian attacks. 3. Russia claims an administrative building at the site of the Zaporizhia nuclear power plant was attacked and caught fire. 4. Ukrainian Foreign Minister: The Russian attack lasted all night, using 108 drones and 3 missiles, including morning strikes on Kharkiv and Zaporizhia. Other Updates: 1. The Russian Foreign Ministry stated its willingness to engage in effective negotiations on the Ukrainian issue. 2. The Russian Foreign Ministry called on all countries to evacuate their personnel from Kyiv in a timely manner. 3. Zelenskyy: Russian troops have violated the ceasefire agreement initiated by Kyiv 1,820 times. 4. Ukraines chief negotiator may travel to the US this week to meet with Vitkov. 5. The Russian Security Service arrested several agents gathering intelligence for Ukraine. 6. Norway provided 2.8 billion Norwegian kroner in aid to Ukraine. 7. French Foreign Minister: Putins troops withdrew 120 square kilometers from Ukraine in April, the first time in three years. The Russian economy is in crisis. The Kremlin should have opened its eyes to its failures long ago and ended this senseless and costly conflict.According to the New York Times: U.S. officials said Wednesday that residents in three states are being monitored for the risk of hantavirus infection after traveling on a Dutch cruise ship. Officials stated that none of those being monitored have shown any symptoms so far.As of 8:30 AM Beijing time, spot platinum was down 0.02% and spot palladium was down 0.17%.Futures News, May 7th: 1. Heavy Rainfall in Southern China. From May 7th to 8th, most parts of Jiangnan and South China will experience moderate to heavy rain, with some areas experiencing torrential rain, accompanied by short-term heavy rainfall, thunderstorms, and strong winds. It is expected that from 08:00 on May 7th to 08:00 on May 8th, parts of central and western South China and southern Southwest China will experience thunderstorms with winds of level 8 or higher, or hail; parts of central and eastern Jiangnan, central and eastern South China, and southern Southwest China will experience short-term heavy rainfall with hourly rainfall exceeding 20 mm, with some areas in central Guangdong experiencing hourly rainfall exceeding 50 mm, and a maximum exceeding 60 mm. The Central Meteorological Observatory continued to issue a blue warning for severe convective weather at 06:00 on May 7th. 2. Heavy Rainfall in Northern Brazil and France. Yesterday, moderate to heavy rain occurred in parts of northern Brazil, France, the eastern United States, southern Chile, northern Italy, Germany, Belgium, Gabon, eastern South Africa, Thailand, Indonesia, Malaysia, Singapore, and Brunei, with some areas experiencing torrential rain. Additionally, moderate to heavy snow occurred in parts of the Alaska Peninsula, southeastern Canada, Siberia in Russia, and northern Northern Europe, with some areas experiencing blizzards. 3. Persistent high temperatures are expected in West Asia, South Asia, and north-central Africa. Over the next three days, parts of Southeast Asia and Mexico will experience temperatures above 38°C, while parts of the southeastern Arabian Peninsula, southeastern Iran, southwestern Afghanistan, southern Pakistan, western India, and north-central Africa will experience temperatures above 40°C, with some areas exceeding 42°C. 4. Strong winds and rain in the southeastern United States ⑥ Over the next three days, moderate to heavy rain is expected in the southeastern United States and northeastern Mexico, with some areas experiencing torrential rain and localized extremely heavy rain, accompanied by short-duration heavy precipitation, thunderstorms, strong winds, and other severe convective weather; most of the above-mentioned areas will experience a temperature drop of 4-8°C, with some areas experiencing a drop of more than 10°C, and there will be winds of force 4-6, with gusts of force 7-9, and gusts of force 10 or higher in the southeastern coastal areas of the United States and the eastern coastal areas of Canada.Bank of Japan meeting minutes: One member said that the central bank may have inadvertently been slow to respond to inflation risks.

Crypto Market Daily Highlights: Fed Fear and Regulatory Jitters Weigh

Cory Russell

Feb 28, 2023 15:13

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On Monday, the top ten cryptocurrency index had a split session. While XRP defied the negative pattern, MATIC topped the top ten in losses. For the third session in a row, Bitcoin fell shy of $24,000 due to the negative session.


Short-term early afternoon support came from US economic data and the NASDAQ Composite Index. US orders for core durable products rose by 0.7% in January, correcting a 0.4% drop in December. A 0.1% increase is predicted by economists. The favored Goods Purchases Non-Defense Ex Aviation index of the Federal Reserve rose by 0.8%, correcting a 0.3% decline from December.


The most recent figures from the US, however, are yet more encouraging economic signs, backing a more active interest rate track from the Fed to bring inflation back to goal.


The introduction of a worldwide crypto regulatory structure has added regulatory ambiguity, which has continued to dampen investor interest. Investors were given a preview of what to anticipate by G20 news and G20 post-meeting remarks.


A Forbes story on Binance moving $1.8 billion in user assets to hedge funds on Monday put the market's perception to the test amid intensified regulatory and parliamentary examination. As of the time of writing, CZ, the Leader of Binance, had not commented on the story.


The Day Ahead Buyers should keep an eye on the crypto news channels for any regulation developments and any congressional chitchat. Along with news from the current SEC v. Ripple lawsuit, developments on Binance and FTX are important to take into account.


The midday session will be influenced by US economic data and the NASDAQ Composite Index. There will be a lot of curiosity in the February US consumer sentiment numbers. The Fed would feel more confident making more bold steps to fight inflation if consumer confidence rose.


As a result of decline purchasers providing much-needed assistance, the NASDAQ Composite Index increased by 0.63% on Monday. Today's morning saw a 9-point gain for the NASDAQ mini.