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According to EuroPravda, the Czech president stated that the goal of supplying Ukraine with 1.8 million rounds of large-caliber ammunition this year has been achieved.Iranian media reported that 18 crew members of a foreign oil tanker seized in the Gulf of Oman have been detained on suspicion of transporting "smuggled fuel."On December 13th, Han Wenxiu, Deputy Director of the Central Financial and Economic Affairs Commission and Director of the Central Rural Work Leading Group Office, stated that to ensure the success of next years economic work, it is essential to adhere to the principle of seeking progress while maintaining stability, improving quality and efficiency, strengthening counter-cyclical and cross-cyclical adjustments, and effectively enhancing the efficiency of macroeconomic governance. Since the Politburo meeting on September 26th last year, a series of policies and measures have been introduced and implemented, and additional policies will be introduced and implemented next year based on changes in the situation. It is crucial to leverage the integrated effect of existing and new policies to promote steady and positive economic growth. The market economy is largely an expectation economy; therefore, it is necessary to improve the expectation management mechanism, conduct effective economic publicity and public opinion guidance, respond promptly to market concerns, and effectively boost social confidence.On December 13th, it was reported that an EU official stated on the 12th that Ukraines accession to the EU before 2027 is "absolutely impossible." According to reports, a European diplomat said that Ukraines accession to the EU before 2027 is "extremely difficult," and it is unclear whether EU leaders support this plan. Hungarian Prime Minister Viktor Orbán stated on the 8th that the EUs admission of Ukraine would be tantamount to declaring war on Russia, and that the EU is preparing for war with 2030 as the target date.On December 13, Venezuelan President Maduro stated that the United States usual tactics of lying, coercion, extortion, and threats are "completely ineffective" and "will never work" against Venezuela, following the recent seizure of an oil tanker in waters near Venezuela and the announcement of new sanctions.

Daily Crypto Market Recap - XRP Joins DOGE and BNB in the Green

Alina Haynes

Nov 01, 2022 17:55

截屏2022-11-01 下午4.58.54.png


Monday was a mixed day for the top 10 cryptocurrencies, with dogecoin (DOGE) advancing and ethereum (ETH) falling. The broader market was pulled down by the NASDAQ Composite Index's poor month-end performance, while XRP, BNB, and DOGE enjoyed bullish days. The market capitalization of cryptocurrencies decreased by $0.506 billion to close the month at $971.9 billion. The crypto top 10 experienced a mixed Monday session. Dogecoin (DOGE) resumed its climb toward $0.20, while binance coin (BNB) and ripple (XRP) defied the trend. However, BTC touched red for the second time in four sessions despite avoiding sub-$20,000 territory for the sixth day in a row.

 

The absence of US economic indicators left the NASDAQ to exert influence. As investors prepare for Wednesday's FOMC interest rate decision and press conference, market caution has returned after last week's Fed pivot-driven gains.

 

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.

 

Important statistics include ISM Manufacturing PMI, JOLTs job vacancies, and ADP nonfarm employment change figures prior to Wednesday's decision. In light of the contradictory statistics from the previous week, we can anticipate sensitivity to the numbers.

 

Today, economic indicators in the United States include the ISM Manufacturing PMI and JOLTs job opportunities.

 

The markets will look beyond the headline numbers for both reports. The ISM survey will likely focus on new orders, cost pressures, and employment, while the JOLTs report will highlight quit rates.

 

While the markets have priced in a 75-basis-point November hike, December's action remains unknown.

 

The FedWatch Tool placed the probability of November and December rate hikes at 89.2% and 47.2%, respectively, prior to Tuesday's session. Prior to one week, the probability of a 75-basis-point increase in December stood at 54.9%.

 

Given the crypto market's sensitivity to US economic statistics and the FED, the correlation with the NASDAQ 100 is likely to persist in the near future. The NASDAQ 100 Mini gained 26.25 points this morning. The NASDAQ Composite Index lost 1.03 percent on Monday.


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