In Todays Headline TV CryptoDaily News:
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Race to launch Hong Kong’s first retail crypto futures ETF begins.
Exchange traded fund providers are busy working towards submitting applications to launch retail-oriented crypto futures ETFs after the local regulator announced it would open the door to such products.
House panel to hold hearing on crypto exchange FTX collapse.
Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars.
BTC/USD remained largely unchanged in the last session.
The Bitcoin-Dollar price remained largely unchanged in the last session. The Stochastic-RSI is giving a positive signal, going against our overall technical analysis. Support is at 160211 and resistance is at 172571.
The Stochastic-RSI is giving a positive signal.
The last session saw ETH drop 0.7% against USD.
Ethereum dropped 0.7% against the Dollar in the last session. The Ultimate Oscillator is giving a negative signal, which matches our overall technical analysis. Support is at 1142.0633 and resistance is at 1299.6833.
The Ultimate Oscillator is currently in the negative zone.
XRP/USD exploded 1.9% in the last session.
The Ripple-Dollar pair skyrocketed 1.9% in the last session. The Stochastic indicator is giving a positive signal. Support is at 0.3465 and resistance is at 0.4046.
The Stochastic indicator is currently in positive territory.
LTC/USD exploded 7.4% in the last session.
The Litecoin-Dollar pair gained 7.4% in the last session after rising as much as 9.3% during the session. The Stochastic-RSI is giving a positive signal, which matches our overall technical analysis. Support is at 54.6267 and resistance is at 61.3067.
The Stochastic-RSI is currently in the positive zone.
Daily Economic Calendar:
US Existing Home Sales
The Existing Home Sales provide an estimate of housing market conditions, which are indicative of the overall economy. The US Existing Home Sales will be released at 15:00 GMT, the US Baker Hughes US Oil Rig Count at 18:00 GMT, the Portuguese Current Account Balance at 11:00 GMT.
US Baker Hughes US Oil Rig Count
The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry.
PT Current Account Balance
The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy.
JP CFTC JPY NC Net Positions
The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Japan’s CFTC JPY NC Net Positions will be released at 20:30 GMT, the UK’s GfK Consumer Confidence at 00:01 GMT, the UK’s Retail Sales at 07:00 GMT.
UK GfK Consumer Confidence
The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.
UK Retail Sales
The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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