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On October 13, Ukrainian President Zelensky said on Sunday that Ukraines counter-offensive in the southern Zaporizhia region and the Donetsk region has made progress. Donetsk is the core area of the conflict, and Kyiv has been reporting battle results in recent days. Kyiv said that for several weeks, the Ukrainian army has made progress near the town of Dobropilya. The town is close to the logistics hub of Pokrovsk, which is one of the key targets of the Russian armys slow westward advance in the Donetsk region. In his evening video speech, Zelensky said: "At present, Ukrainian troops are continuing their counter-offensive near Dobropilya, and are also operating in other directions, especially near Orishiv in the Zaporizhia region. There, our troops advanced more than 3 kilometers today."French Prime Minister Le Cornu: The governments goal is to obtain a budget before the end of the year.On October 12th, local time, an Israeli government spokesman stated that the IDF had withdrawn to the Yellow Line and hoped all detainees would be released as soon as possible. The spokesman stated that the Israeli detainees would be released in the early hours of the 13th local time. After all surviving detainees were released, Israel would prepare to receive the remains of the 28 victims. Once the release of the detainees was confirmed, the Palestinian detainees would also be released.French President Macron: The agreement reached in Gaza brings a glimmer of hope for peace in the Middle East, and the Russia-Ukraine conflict must end as soon as possible.French President Macron: France condemns Russias attack on Ukrainian infrastructure and is working with partners to restore critical services.

Prediction for ADA Price: US Inflation and the NASDAQ Will Deliver $0.325

Daniel Rogers

Dec 09, 2022 15:19

截屏2022-12-09 下午3.02.31.png 

 

IOHK network updates and US economic statistics may test buyer interest on Friday, following Thursday's high day for ADA.

 

On Thursday, ADA jumped 1.61 percent. ADA closed at $0.315 on Thursday, partially reversing Wednesday's 2.52% loss. Notably, the price of ADA dropped below $0.310 for the second time in eight sessions and ended a three-session losing trend.

 

ADA dropped to a morning low of $0.307 after a bearish start to the day. ADA reached a late-day high of $0.316 after avoiding the First Major Support Level (S1) at $0.0305. Nevertheless, unable to surpass the First Major Resistance Level (R1) at $0.318, ADA ended the day at $0.315.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Thursday, US economic figures bolstered the likelihood of a December Fed policy shift. During the week ending December 2, initial jobless claims rose from 226 thousand to 230 thousand. Following the release of last week's US Employment Report, concerns about a pick-up in the rate of hiring cast doubt on the Fed's plans to slow the rate of interest rate hikes.

 

Cardano network improvements were also favorable for the ADA price, averting a drop below $0.300. Charles Hoskinson, the company's founder, was in the limelight, highlighting the benefits of the Midnight privacy protocol meant to provide smart contracts with anonymity.

 

It was another instance of ongoing activity on the Cardano network, although the information was insufficient to warrant a breakout session.

 

Input Output HK (IOHK) will provide the weekly Development Update later today. A surge in network projects would result in an increase in ADA prices. However, the NASDAQ and US economic indices will need to provide support. The wholesale inflation and consumer confidence numbers in the United States will impact market risk sentiment.

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