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April 12, Bank of England Monetary Policy Committee member Green said on Saturday that it is not clear what impact Trumps import tariffs will have on British inflation, and the unpredictable trend of the US dollar makes this mystery more difficult to solve. Green said in a panel discussion at the Delphi Economic Forum in Greece that the increase in trade barriers may drag down economic growth in European countries, "but the implications for inflation are unclear." But Green said that the most important thing to pay attention to is the change in the exchange rate: "The key channel is actually the exchange rate, and this is really difficult because the exchange rate has not been running as the model shows in the past week." "The US dollar exchange rate has fallen, not appreciated as people expected."According to AFP: World Health Organization member states reached an "in principle" agreement on Saturday to respond to future pandemics.On April 12, the United Nations Office for the Coordination of Humanitarian Affairs said in a letter released on the 11th that due to the "brutal cuts" in funding, especially the US governments drastic suspension of foreign aid, the agency will lay off 20% of its staff, or more than 500 staff members. According to AFP, Tom Fletcher, the United Nations Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, wrote in a letter to staff that the agency "faces the most difficult situation ever." The United Nations Office for the Coordination of Humanitarian Affairs currently has a total of about 2,600 staff members working in more than 60 countries and regions, providing long-term assistance to conflict areas such as Ukraine, the Gaza Strip, and Sudan.Irans top diplomat: If the United States participates in the negotiations on an equal footing, there is a chance to reach a preliminary consensus in further negotiations.The European Mediterranean Seismological Center revised the epicenter magnitude of the Pakistan earthquake from 5.8 to 5.2.

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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