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On May 10, Kevin Warsh, who is considered a potential candidate for next years Federal Reserve Chairman, said that the Feds concerns about "tariff increases that may hinder inflation control" are self-destructive. Warsh said: "When the Fed asserts that inflation will be affected by external changes in price levels, then they are, to some extent, admitting something that is detrimental to their own interests. They are admitting that their credibility has been damaged." Warsh also pointed out that the large and often expanding Federal Reserve balance sheet may conflict with the main policy lever for setting short-term borrowing rates, but "if the printing press can be quiet, we can lower the policy interest rate."On May 10, Atlanta Fed President Bostic said that the uncertainty fog of the Trump administrations tariffs and other policies has brought the economy to a "big pause", and households and businesses have not made major investments. He suggested that the Fed should stay put until the situation becomes clearer. Bostic said: "The specific location of the economy will depend largely on the details of the policy implementation. Because we dont know it yet, this is why I think it would be imprudent to take any policy direction too boldly at this time."On May 10, Israeli Defense Minister Katz said on the 9th that Israel will respond "strongly" to the missile attack by the Houthi armed forces in Yemen. Katz said that the Houthi armed forces continue to launch missiles at Israel. Israel "will respond strongly in Yemen and wherever necessary." Earlier on the 9th, the Israel Defense Forces stated that the Israeli Air Force intercepted a missile fired by the Houthi armed forces at Israel that day.Polish central bank official Litwiniuk: Autumn may be a good time to promote a "robust adjustment" of interest rates. The total change in interest rates this year may reach 125 basis points.Polish Central Bank Governor: I believe there will be more interest rate cuts.

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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