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Conflict Status: 1. Ukraine – ① Ukraine reportedly attacked the Lukoil oil field in the Caspian Sea overnight. ② Ukraine launched its first attack on a Russian "shadow fleet" oil tanker in the Mediterranean. 2. Russia – ① Putin: The Ukrainian attack on the tanker will not harm oil supplies. ② Putin: Russian troops have entered the town of Khuryabrsky in Ukraine. Peace Talks Status: 1. US – ① US Secretary of State Rubio: (Regarding the resolution of the Russia-Ukraine conflict) We have made progress, but there is still a way to go. 2. Ukraine – ① Ukrainian officials stated that negotiations with the US and Europe have concluded, and a "consensus" has been reached on further measures. 3. Russia – ① Putin: Ukrainians living in Russia should have the right to vote. ② Putin is willing to discuss ending the Russia-Ukraine conflict, but he ruled out modifications proposed by Kyiv and the European side to the peace plan jointly developed by the US and Russia. ③ Putin: If we receive security guarantees, we are ready to immediately stop the conflict in Ukraine. Other Status: 1. The EU approved a €90 billion interest-free loan for Ukraine in 2026-27. 2. Zakharova: The EU is still trying to find a "pseudo-legal" pretext for confiscating Russian assets. 3. Putin: Confiscating Russian assets in Europe is "robbery." 4. Zelensky: Ukraine will be in a very difficult situation without EU funding. 5. Putin said that if Kaliningrad Oblast is blocked, a major conflict could break out. 6. Turkey says a suspected Russian-made drone crashed in Kocaeli province in western Turkey.Microsoft: The issue that caused message delays for some users in Teams has been resolved.On December 20th, White House economic advisor Hassett stated in an interview with Fox Business Network that President Trump is correct in saying inflation is low, despite data, public opinion, and most economists disagreeing. Hassett said the common practice of assessing inflation based on year-over-year figures is flawed; its better to look at the three-month moving average of price pressures. This means that price pressures are not significantly above the Federal Reserves 2% target, but are actually below it. Hassett explained that based on the three-month average price pressures, the current inflation rate is approximately 1.6%. Core inflation in the US is "at or below target," giving the Federal Reserve "ample room" to cut interest rates.US President Trump: We are launching a very strong offensive against the Islamic State in Syria, and the Syrian government fully supports us.Russian sources say that Russian Presidential Envoy Dmitriev will travel to Miami to meet with US Envoys Witkov and Kushner, and that Ukraine has no plans to participate in the trilateral contact.

Crypto Daily Market Highlights: Regulatory Risk and Fed Fear Weigh

Cory Russell

Mar 01, 2023 15:22

The top ten cryptocurrency index had a negative afternoon on Tuesday. The top ten entered the red with ADA's help. Bitcoin fell below $24,000 for the fourth straight session during the negative session.


Even though February's consumer confidence figures were lower than anticipated, US economic measures came up short. From 106.0 to 102.9, the CB Consumer Sentiment Index decreased.


With the S&P/CS HPI Index - 20 n.s.a increasing by 4.6% year over year in December, housing industry statistics also sent a negative indication. November saw a 6.8% increase in the Index. High US mortgage rates had an impact on demand, which slowed the increase in home prices.


To end a negative month, the NASDAQ Composite Index decreased by 0.10 percent on Tuesday. Investor mood was still being affected by the possibility of a higher for extended Fed interest rate trend. The NASDAQ mini was down 36.25 points this morning.


News about the cryptocurrency market, however, heightened the pessimism. Regulation action kept grabbing people's interest. Alarm alarms went off when it was reported that the SEC had subpoenaed Robinhood (HOOD). Moreover, there were reports that Visa (V) and Mastercard (MA) would rethink their plans for cryptocurrency.


The Day Ahead Buyers should keep an eye on the cryptocurrency news channels for any regulation developments and US lawmakers' conversations. Updates on Binance and FTX as well as information from the current SEC v. Ripple lawsuit need to be taken into account.


Interest in economic signs will also be high. Prior to the US session, China's private sector PMIs will have an impact. We anticipate that China's poor economic data will rekindle recessionary worries and test investors' desire for risky assets.


The NASDAQ Composite Index and US economic data will have an impact on the midday session. The February US industrial PMI figures will be closely watched. It would be negative if the ISM Manufacturing PMI unexpectedly dropped. However, buyers should also keep an eye on the FOMC members' daily conversations.


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