Good morning!

Here are the latest market updates and key economic and political news this morning:

Financial Markets:

• S&P 500: +0.16%
• Dow Jones: +0.08%
• Nasdaq: +0.22%
• STOXX600 (European Index): -0.06%

Middle East Tensions and Impact on Oil:

• Hezbollah-Israel Conflict: Hezbollah fired hundreds of rockets and drones at Israel, which responded with a massive airstrike. This raises fears that the conflict could escalate into a regional war, possibly involving Iran and the US. • Oil Prices: As a result of the tensions, Brent futures rose 0.5% to $$ 79.39, while U.S. crude also rose 0.5% to $$ 75.19.

U.S. Economy:

• Strategic Petroleum Reserve: The U.S. Department of Energy purchased nearly 2.5 million barrels to replenish its reserves.

Interest Rates: Comments from Fed Chairman Jerome Powell indicate that interest rate cuts are imminent, which helped boost stocks last week.

Highlights in Brazil:

• STF and Economic Issues: The Supreme Federal Court (STF) will discuss issues that could significantly impact public finances, including the inclusion of ISS in the PIS/Cofins calculation base and social security collection in the rural sector.

• Measures to Reduce the Price of Natural Gas: The federal government will announce measures to update the natural gas market, enabling the direct sale of gas from the Union.
• Fires in Sugarcane Plantations in SP: Fires in sugarcane areas in the interior of São Paulo have already caused losses of R$$ 350 million. There are suspicions of arson, and the police have arrested suspects.

These are the main news and market movements this morning. Follow closely the developments, especially the tensions in the Middle East and the decisions of the Supreme Court, which can have significant impacts on the markets and the global economy.

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Here is the updated technical analysis for the ICP (Internet Computer) asset:

Recent Movement and Current Price
• Current Price: $7.17 (up 4.28% in the last 24 hours).
• Last 24 Hour Price Range: $7.09 - $7.18.
• Weekly Performance: Down 7.87%.
• Monthly Performance: Down 26.35%.
Technical Analysis
• Overall Trend: ICP has stabilized recently after significant declines. The price is within a descending channel, but there are signs that it may break out of this trend soon, especially considering the strong support around $6.75.
• Moving Averages: The asset is close to its 100-period moving average, which may provide resistance in the short term. Most technical signals suggest caution, with a prevailing selling bias. • RSI (Relative Strength Index): The RSI is at a neutral level, indicating that the asset is neither overbought nor oversold, suggesting a possible stabilization or reversal.
Support and Resistance Levels
• Major Support: $6.75.
• Major Resistance: $7.47 and $7.70.
Final Thoughts
Although ICP is showing signs of recovery, it still faces significant challenges, especially in the aforementioned resistance areas. For long-term investors, entries close to support may be considered, as long as they are accompanied by good risk management.

If this analysis helped clarify your investment decisions, how about showing your appreciation with a small tip? Believe me, every gesture counts to continue bringing quality content. 😉
$ICP

Good morning,
S&P +0.15%, Dow Jones +0.12%, Nasdaq +0.28%, and the European STOXX600 index +0.52%.

🚨 Iron ore prices down: Benchmark iron ore on the Singapore Exchange fell 3% this morning to US$$ 93.2 per tonne, reflecting ongoing concerns about the Chinese real estate sector. Declines in real estate investment and new construction starts continue to weigh on steel demand.

🇺🇸 US economy: Retail sales data surprised the market on the upside, and jobless claims fell, raising expectations for interest rate cuts by the Federal Reserve. The yield on the 10-year Treasury note is at 3.91%, while the 2-year Treasury note is at 4.08%.

Good morning everyone, here are the 5 topics that will move the market today:
• The most anticipated economic indicator of the week will be released this morning: US consumer inflation (CPI). The data comes one day after the release of the inflation figures for products (PPI), which came in below expectations.
• Asia-Pacific stock markets closed mostly higher, as the Reserve Bank of New Zealand cut its benchmark lending rates and Japanese Prime Minister Fumio Kishida announced he would step down in September.
• European markets are trading higher, while investors monitor inflation data from the US and the UK. UK inflation rose to 2.2% in July, slightly below the 2.3% forecast by the LSEG consensus, but back above the Bank of England's 2% target. • Oil prices are rising on an estimated drop in U.S. crude oil inventories, while the market is watching a possible escalation of the war in the Middle East, which could reduce global oil supplies.
• After months of negotiations, Finance Minister Fernando Haddad said that the Executive Branch and the National Congress have reached an agreement to vote on Wednesday (14) on the bill that outlines compensatory measures for the payroll tax relief for companies in 17 sectors of the economy.
*CURRENT DOLLAR RATE: R$5.44*

News - August 13, 2024

🔵 Markets Up: S&P +0.35%, Dow Jones +0.20%, Nasdaq +0.54%, STOXX600 +0.05%.
🇺🇸 Inflation Data:
• Producer Price Index expected at +0.2% for July.
• Consumer Price Index also expected at +0.2%, after falling 0.1% in the previous month.
🇺🇸 10-Year Rate: Up to 3.9150%, with the 2-year rate at 4.0188%.
🇧🇷 Interest Rates in Brazil: Central Bank Director Galipolo highlights inflationary risk, keeping the 10-year rate at 11.61%. 🚨 Important News:
• 20.6% of young Brazilians neither study nor work, reflecting economic and social challenges.
• Galípolo signals a possible increase in the Selic rate.
• Haddad argues that the government is focused on fiscal sustainability without creating new taxes.
• Chamber of Deputies speeds up regulation of tax reform.
• Senate votes today on negotiation of state debts.
• Financial fraud in Brazil generates losses of R$74,169,441,782,71.4 billion in one year.

Opinion: Inflation in the US and fiscal challenges in Brazil continue to shape the economic scenario. While the financial market is optimistic, the domestic economic environment requires caution, especially in relation to inflation and monetary policy. The situation of “neither-nor” young people is a worrying reflection that requires urgent action to avoid more serious social impacts.

Reasons to Believe in BTC Bullishness Today 🚀📈
1. Increasing Buying Volume:
• The market has seen a significant increase in BTC buying volume, indicating strong demand and renewed investor confidence.
2. Favorable Technical Indicators:
• BTC is poised to break through key resistances, with the RSI (Relative Strength Index) showing that the asset is not overbought, and the MACD (Moving Average Convergence Divergence) pointing to an uptrend.
3. Liquidity Data:
• Liquidity analysis shows a steady inflow of capital, with large buy orders being executed, suggesting that whales and large investors are accumulating BTC.
4. Market Sentiment:
• Bullish sentiment prevails among traders and analysts, reflected in volume analysis and prevailing long positions on major exchanges. 5. Resistance and Support:
• BTC is finding solid support at critical levels while approaching resistance zones that, if broken, could trigger a significant rally.
These technical and volume factors paint a bullish picture for Bitcoin today. Volume analysis, coupled with favorable technical indicators and positive market sentiment, suggests that BTC is poised for a rally. Keep an eye on market movements and seize opportunities! 🚀📈 #BTC🔥🔥🔥🔥🔥 #MarketDownturn
#MarketAnalysis
$BTC