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September 14th - According to the Financial Times, persistently high inflation has led to a standoff between Trump and Federal Reserve Chairman Warsh this week, with markets bracing for a Fed rate hike despite the presidents demands. Economists warn that the Feds credibility will be at risk if it doesnt support a rate hike on Wednesday, as official data shows the Fed chairman previously stated he needed to see meaningful improvement before avoiding a rate hike, but the data hasnt shown any signs of that. However, a rate hike just weeks before the November midterm elections could anger the president, who has made it clear he wants significantly lower borrowing costs. Trump reiterated on Sunday that the US should have the "lowest interest rates in the world." Trumps National Economic Council Director, Hassett, warned, "If its a rate hike, then the president... Im sure he wont be particularly happy about it."On September 14th, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," where the National Health Commission, the State Administration of Traditional Chinese Medicine, and the National Center for Disease Control and Prevention introduced the decisive progress made in promoting the construction of a Healthy China. Lei Haichao, Director of the National Health Commission, stated that during the 15th Five-Year Plan period, emphasis should be placed on health governance, highlighting the fundamental, long-term, and stabilizing role of health legislation. We will advance legislation in the health field to better protect the public and practitioners, and better adjust various social relationships. Lei Haichao stated that the National Health Commission is drafting a childcare service law, which has entered the review process of the National Peoples Congress. In addition, the Blood Donation Law, enacted more than 20 years ago, is also being revised to adapt to the current new situation of blood supply and demand. During the 15th Five-Year Plan period, the legal foundation in the health field will be further strengthened, and the legal environment will be further optimized.Japans final July inventory growth rate was 0.5%, unchanged from the previous month.Japans capacity utilization index rose 0.5% month-on-month in July, down from 4.10% in the previous month.Japans capacity utilization index was 107.7 in July, compared with 107.2 in the previous month.

The SEC and the Fed Hold the Key to ETH's Return to $1,600

Daniel Rogers

Feb 14, 2023 14:41

 截屏2023-02-14 下午2.34.13.png

 

On Sunday, Ethereum (ETH) declined by 1.56%. ETH closed the week down 7.00% at $1,515, somewhat offsetting a 1.72% gain on Saturday. Since January 14, ETH has fallen below $1,500 twice.

 

After a range-bound morning, ETH reached a high of $1,548 in the late afternoon. ETH reached a late low of $1,494 after failing to surpass the First Major Resistance Level (R1) at $1,554. ETH dropped below the First Major Support Level (S1) at $1,515 and closed the day at that price.

 

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 beginning at 0 pips and commissions of $3.50 every 100k 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.

 

Bitcoin (BTC) decreased by 0.32% on Sunday. BTC closed the week at $21,796 down 4.94%, somewhat offsetting a 1.04% gain from Saturday. BTC finished the day below $22,000 for the fourth session in a row and returned above $22,000 for the first time in three sessions.

 

After a mixed morning session, BTC reached a high of $22,096 in the late afternoon. BTC reached a late-day low of $21,666 after failing to surpass the First Major Resistance Level (R1) at $21,977. Before closing the day at $21,796, BTC momentarily breached the First Major Support Level (S1) at $21,684.

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