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Japans 40-year government bond yield fell 2 basis points to 3.515%.Futures data for September 9th: 1. WTI crude oil futures trading volume was 701,294 contracts, down 169,350 contracts from the previous trading day. Open interest was 1,975,019 contracts, down 82 contracts from the previous trading day. 2. Brent crude oil futures trading volume was 111,394 contracts, down 42,573 contracts from the previous trading day. Open interest was 205,691 contracts, up 1,134 contracts from the previous trading day. 3. Natural gas futures trading volume was 529,675 contracts, up 170,886 contracts from the previous trading day. Open interest was 1,634,846 contracts, up 6,648 contracts from the previous trading day.Futures News, September 9th. Economies.com analysts present their latest view today: Spot gold prices surged during the previous trading day, reaching a record high, driven by strong momentum, indicating a dominant uptrend in the short term. Spot gold prices continue to trade along a supportive trend line, further solidifying the upward trend. Meanwhile, prices remain above the EMA50 moving average, providing additional support for the continuation of the recent rally.Futures News, September 9th, Economies.com analysts latest views today: WTI crude oil futures prices rose, benefiting from the solidity of the key support level of 61.60. This support provided positive momentum for prices, helping them to rebound during the session, but market pressure continued to increase. On the other hand, the main bearish trend still dominates, especially as trading continues below the EMA50, in addition to the negative signal (RSI).Polish central bank member Kotecki: Will not rule out the possibility of another interest rate cut this year.

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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