EUR/USD 1.11996
-0.098%
Gold 4195.24
1.495%
Oil 90.859
0.338%
USD/JPY 158.272
0.241%
GBP/USD 1.32402
0.094%
GBP/JPY 209.561
0.337%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Panama City Airport Statement: Panama City Tocumen Airport has reopened following the earthquake.Cobre Panamá Copper Mine: The mines facilities and infrastructure are stable and personnel are safe following the earthquake.On October 10th, Russian Deputy Prime Minister Novak stated that Russia will immediately begin lifting restrictions on diesel exports, ahead of schedule. He explained that Russia is willing to increase diesel supplies to the United States and all partners in October: 300,000 tons in October, increasing to 500,000 tons in November, and 1 million tons in December. Novak also pointed out that the Russian market will receive a full supply of diesel. The Russian government had previously decided to extend the export ban on diesel, marine fuel, and gas oil producers until October 31st.On October 10th, US President Trump responded to a reporters question regarding the diesel deal reached with Russia. The reporter stated that Ukrainian President Zelensky believed the oil agreement with Russia was a sign of weakness from a powerful partner and would only prolong the war. Trump responded, "We are a powerful partner. We need to supply the world with oil, so we are happy to get diesel." Trump added, "The oil deal with Russia is a big deal. A lot of oil will come into our country. To be honest, I want to thank President Putin. And this is diesel, which is exactly what we wanted, so thank you." When another reporter said Zelensky criticized him as "weak," Trump simply responded, "Okay."According to the Wall Street Journal, Philadelphia police said Anthropic notified them this week that one of its AI models had submitted a false murder tip on the website PhillyUnsolvedMurders.com. The incident occurred in July, but Anthropic didnt discover it until September.

ETH Faces the Risk of Sub-$1,600 on US Stats and Hawkish Fed Chatter

Cory Russell

Mar 03, 2023 14:16

微信截图_20230303110422.png


On Wednesday, Ethereum (ETH) increased by 3.74%. ETH finished the day at $1,665, reversing a loss of 1.71% from Tuesday.


ETH dropped to an early bottom of $1,595 following a negative start to the day. While avoiding the First Significant Support Line (S1) at $1,585, ETH surged to a high of $1,670 in the early afternoon.


ETH quickly passed through the Second Major Resistance Level (R2) at $1,668 before relaxing back to finish the day at $1,665. ETH also broke through the First Major Resistance Level (R1) at $1,636.


Bitcoin (BTC) increased by 2.44% on Wednesday. Bitcoin finished the day at $23,707, reversing a drop of 1.53% from Tuesday. Bitcoin returned to the $24,000 mark for the first time in five days thanks to the positive session.


Bitcoin dropped to an early low of $23,036 after the day got off to a muddled start. Bitcoin climbed past the First Significant Support Line (S1) at $22,934 and reached a peak of $24,009 in the late morning. Before finishing the day at $23,707, Bitcoin momentarily passed through the Second Major Resistance Level (R2) at $23,823 and the First Major Resistance Level (R1) at $23,483.

Chinese economic data and the Shapella upgrade provide support

On Wednesday, the seamless Shapella update and mining influx helped to sustain the price of ETH. However, the Wednesday breakthrough was motivated by the world economic schedule.


On Wednesday, statistics from China provided support for risky commodities. The crucial Caixin Manufacturing PMI increased in February from 49.2 to 51.6. Analysts anticipated an increase to 50.2. An important development was the industrial sector's first expansion since July 2022.


The statistics were strong enough to overpower the impact of NASDAQ Composite Index and US economic data.


The ISM Manufacturing PMI survey's auxiliary variables backed up the more bearish outlook on Fed monetary policy. From 44.5 to 51.3, the ISM Factory Costs Index increased. The NASDAQ Composite Index was impacted by hawkish Fed talk as well. According to reports, Fed moderate Kashkari is willing to raise interest rates by 25 or 50 basis points in March.


Investors reacted negatively this morning to inflation data and bullish talk, sending Bitcoin and ETH into the red.

Suggestion