- ADA was the biggest decliner yesterday after giving up 1.85% BCH had a negative day yesterday (down 1.88%).
- European markets are dropping as DAX is down by 0.24%, reaching 15,917
A refresher of where yesterday ended before today starts: leading equity indices in the US declined as Nasdaq was down 0.63% before closing the session at 12,180. S&P 500 closed at 4,119.17, a 0.46% change.
US markets are now currently closed and set to reopen today; meanwhile, European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets were down today as KOSPI Composite Index is down by 0.54%, decreases to 2,496.51
3Rd quarter earnings season is mostly over, with First Citizens BancShares, Inc. and Syneos Health, Inc. releasing their earnings reports just this week.
While price action maintains a negative bias, United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of 3.62 million, while the previous figure was -3.94 million. United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.695, while the previous figure was 3.81.
In addition, United States Producer Price Index is projected to outperform its last figure with 0.3%, having previously been at -0.5%. The figure will be published tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -917,000. It previously stood at -1.28 million; data will be released today at 14:30 UTC.
Furthermore, United States Consumer Price Index is expected today at 12:30 UTC.
While markets are generally down so far today, some assets outperformed such as FTX Token gained 9.54% to reach $1.36.
Yesterday's bearishness meant that ADA lost 1.85% yesterday before closing at $0.357. BCH had a negative day yesterday (down 1.88%).
FTX Token | +9.54% in mid-session
After closing the previous trading day at $1.24, FTX Token is up to $1.36, which makes for a move of 9.54%/$0.119 today.
ADA | -1.85% in mid-session
Cardano has been losing ground for 14 days, shedding a total of 13% of its value. Similar trend today: struggling to find upward momentum, ADA has shed $0.007 to currently trade at $0.357 as it ranges between $0.356 and $0.366 so far today.