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According to Russian reports, the next trilateral meeting between Russia and Ukraine may not be held in Geneva.Atlanta Federal Reserve President Raphael Bostic said on Wednesday that the rift between the Federal Reserve and the White House has begun to erode public trust in the central banks apolitical position. This is one of the most direct warnings yet from a senior monetary policy official about the consequences of Trumps hawkish stance on the Fed. In his farewell address before retiring from the Atlanta Fed at the end of February, Bostic said his colleagues within the Fed system remain committed to keeping their work separate from politics. "But my visits over the past few months have made it clear that the legal and verbal battles surrounding the central bank have led people from all walks of life to question the Feds independence, which is a serious concern." Bostic is not the only Fed official this year to emphasize the importance of central bank independence, but no one has warned as directly as he did on Wednesday that the current controversies could undermine public trust in the institution.The vote count showed that the French government survived its first vote of no confidence in parliament.February 26 - According to the Cuban Embassy in the United States, the Cuban Ministry of the Interior issued a statement saying that when a border patrol vessel approached a U.S. speedboat for identification checks, the crew of the speedboat opened fire on the Cuban personnel, injuring the Cuban patrol vessels commander. As of the time of this announcement, four attackers on the foreign vessel have died and six others have been injured.Federal Reserves Bostic: A broad group has begun to question the Feds independence. The Feds independence in setting monetary policy has improved economic outcomes and market confidence, helping to maintain the U.S.s status as a safe haven.

The BTC Fear & Greed Index Increases to 28/100. Despite NASDAQ Pressure

Daniel Rogers

Nov 28, 2022 14:40

截屏2022-11-28 下午2.34.32.png

 

Bitcoin (BTC) declined by 0.15% on Sunday. BTC concluded the day at $16,435 following a 0.36% decline on Saturday. Notably, Bitcoin's price remained above $16,000 for the fifth straight day while the losing skid reached four sessions.

 

BTC reached a daily high of $16,603 after a bullish start to the day. BTC reached a late-day low of $16,410 after failing to surpass the First Major Resistance Level (R1) at $16,642. BTC ended the day at $16,435, avoiding the First Major Support Level (S1) at $16,335, albeit avoiding it.

 

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.

 

Following the conclusion of the US Thanksgiving holiday, there were no crypto-related news headlines to provide guidance. The trading volume remained low, with investors presumably adopting a wait-and-see stance about FTX and more contagion.

 

In recent sessions, investor opinion regarding FTX contagion has improved, preventing a relapse to sub-$16,000. Bets on a Fed turnaround in December have also been beneficial, while regulatory risk will continue to be a drag for cryptocurrencies.

 

This week, it will be necessary to observe the bankruptcy processes of FTX. More assets to make creditors whole would be seen favorably by the market.

 

Currently, there are no US economic indicators that can influence the NASDAQ Composite Index, leaving it to Fed gossip. Today, FOMC member Williams will talk. Support for a 50-basis point rate hike would give support for the NASDAQ and BTC.

 

However, the NASDAQ mini opened the week in the red (-83 points), as concerns over a new wave of COVID-19 cases in China weighed on investor sentiment.


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