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Israeli Prime Minister Netanyahu: Israel is closely monitoring the situation in Iran and hopes that the country will soon be free from "tyranny".1. Monday: ① Data: Swiss December Consumer Confidence Index; Eurozone January Sentix Investor Confidence Index; China December M2 Money Supply Annual Rate; ② Event: G7 Finance Ministers Meeting; ③ Holiday: CME Groups US Treasury futures contracts will resume trading at 15:00 Beijing time due to Coming of Age Day in Japan; Tokyo Stock Exchange will be closed for Coming of Age Day. 2. Tuesday: ① Data: US 10-year Treasury auction winning rate and bid-to-cover ratio up to January 12; Japans November trade balance; US December NFIB small business confidence index; US December unadjusted CPI year-on-year rate, US December seasonally adjusted CPI month-on-month rate, US December seasonally adjusted core CPI month-on-month rate, US December unadjusted core CPI year-on-year rate; US October new home sales annualized data; ② Events: Speeches by Fed officials Williams, Bostic, and Musalaim; South Korean President Lee Jae-myung visits Japan and holds a summit with Japanese Prime Minister Sanae Takaichi, until January 14; ③ Earnings reports: JPMorgan Chase (JPM.N). 3. Wednesday: ① Data: US weekly API crude oil inventories; US November retail sales month-on-month, US November PPI year-on-year, US November PPI month-on-month, US Q3 current account; US October business inventories month-on-month; US December existing home sales annualized data; US weekly EIA crude oil inventories, weekly EIA Cushing, Oklahoma crude oil inventories, weekly EIA strategic petroleum reserves; China December trade balance, China December trade balance in USD; ② Events: EIA releases monthly Short-Term Energy Outlook report; Speeches by 2026 FOMC voting members, Philadelphia Fed President Paulson, Fed Governor Milan, etc.; OPEC releases monthly oil market report; ③ Earnings reports: Bank of America (BAC.N), Citigroup (CN), Wells Fargo (WFC.N). 4. Thursday: ① Data: UK November 3-month GDP (MoM), UK November Manufacturing Production (MoM), UK November Seasonally Adjusted Goods Trade Balance, UK November Industrial Production (MoM); France December CPI (Final) (MoM); Germany 2025 Full-Year GDP Growth; Eurozone November Seasonally Adjusted Trade Balance; Eurozone November Industrial Production (MoM); Canada November Wholesale Sales (MoM); US Initial Jobless Claims for the Week Ending January 10, US January New York Fed Manufacturing Index, US January Philadelphia Fed Manufacturing Index, US November Import Price Index (MoM); US Weekly EIA Natural Gas Storage; ② Events: Federal Reserve releases Beige Book; 2026 FOMC voting member and Minneapolis Fed President Kashkari... FOMC permanent voting member and New York Fed President Williams, among others, delivers speeches; the European Central Bank releases its economic bulletin; the Bank of Korea announces its interest rate decision; the US and Japanese defense ministers hold a summit in Washington; ③ Earnings reports: Morgan Stanley (MS.N), Goldman Sachs (GS.N), BlackRock (BLK.N). 5. Friday: ① Data: Germanys final December CPI month-on-month rate; US December industrial production month-on-month rate; US January NAHB housing market index; ② Event: 2027 FOMC voting member and Richmond Fed President Barkin speaks on Virginias economic outlook. 6. Saturday: ① Data: US weekly total number of oil rigs. ② Event: Fed Vice Chairman Jefferson delivers a speech; Italian Prime Minister Meloni visits South Korea from January 17th to 19th.On January 11, Iranian President Pezechzian stated in a televised interview that the government endorses peaceful protests and considers dialogue with protesters its duty, expressing its willingness to meet with all protest groups in the country. Pezechzian stated that despite facing various sanctions, the government will overcome these crises, but opposes violence and "premeditated murder."On January 11th, US President Trump posted a statement saying that for years, Cuba has relied on Venezuelas vast oil and financial resources to function. In return, Cuba provided "security services" to Venezuelas two previous dictators—but all of that is coming to an end! Last weeks US-led attacks have killed most of the "Cubans," and Venezuela no longer needs the protection of these thugs and blackmailers who have held it hostage for years. Now Venezuela has the worlds most powerful military force—the United States—to protect them, and we will fulfill our duty to safeguard them. There will be no more oil and money flowing to Cuba—zero flow! I strongly urge (Cuba) to reach an agreement quickly, lest it be too late.US President Trump: For years, Cuba has relied on large amounts of oil and money from Venezuela to function. But now there will be no more oil and money flowing to Cuba. I strongly urge them to reach an agreement quickly, lest it be too late.

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.

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