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Weekly Newsletter - 02.01.2023 13:55

January 2nd Chapter 1

Featured News of the Week

It will be available for use on Shiba direct debit orders together through NowPayments.

BMW will use several different blockchains for its loyalty program, which it will use in Thailand next year, on the basis of which BNB Chain will be preferred because it provides benefits in terms of speed, capacity and cost. These activities of the company will be undertaken by Coinweb.

The extradition decision of Faruk Fatih Özer, who was in Albania on 17 November, was upheld by the Durres Court of Appeal in Albania last week. According to Albanian law, it can take the decision to the high court, but again, according to the law, the decision can be signed by the High Court without waiting.

In the past, the CBRT announced the Digital Turkish Lira studies on Blockchain as a step towards digitalization. Today, it has been announced that the citizens of the Republic of Turkey will be able to access the system called Digital Identity with the E-Wallet and start working to log in to the E-Government through this identity.

Recently, the CBRT made a statement regarding the Digital Turkish Lira studies. In the statement, it was announced that the first payment transaction was successfully completed within the scope of the first phase studies, and that narrow-scope and closed-circuit pilot tests will continue in the first quarter of 2023, and a comprehensive report will be published as a result of the tests.

China has waged war on crypto technologies many times in the past years. However, China's local news site Sina News has announced that they aim to create the first regulated market for NFTs by January 1, with the new NFT platform being developed by state-owned Chinese Technology Trade and Art Exhibitions China and a private enterprise Huban Digital Copyrights.




Important Economic Disclosures This Week

Wednesday, January 4

America, 18:00 ISM Manufacturing Purchasing Managers Index (PMI) (Dec) Expectation 48.5 Previous 49

America, 6:00 PM Job Opportunities and Staff Change Rate (JOLTS) (Nov) Expectation 10,000M Previous 10,334M

America, 22:00 Federal Open Market Committee (FOMC) Meeting Minutes

Thursday, January 5

America, 16:15 ADP Non-Farm Employment Change (Dec) ****Exp. 150K Previous 127K

America, 16:30 Applications for Unemployment Benefit ****Expectation 230K Previous 225K

America, 19:00 Crude Oil Stocks ****Exp. -1,520M Previous 0.718M

6 January, Friday

Eurozone, 13:00 CPI (YoY) (Dec) Previous 9.7% Expectation 10.1%

America, 16:30 Non-Farm Employment (Dec) Previous 200K Expected 263K

America, 16:30 Unemployment Rate (Dec) Expectation 3.7% Previous 3.7%

America, 18:00 ISM Non-Manufacturing Purchasing Managers Index (PMI) (Dec) Expectation 55.0 Previous 56.5












Bitcoin


The 16150 that we mentioned in all previous bulletins worked as support. The scenarios for Bitcoin priced in the 18200-15588 range are as follows:

1- 4-hour closings under 15588 will push the price to try the support in the 14100-13000 range unless 15588 is won.

2- If 16150 is tested: with the market structure changes that can be observed, the price again targets 16790.

3- When closing above 16895, the old low 17622 can be targeted as the first target.

4- 18199 closing can go to try the 19315-19798 region.

S&P 500



The level 3587 in our previous analysis worked very well and experienced a serious rise. We would continue to seek support as long as it remains below the downtrend. Crossing 3879 will cause an increase up to 3944 or downtrend. 4217-4310 can be targeted with the breaking of the downtrend.

Daily close below 3588 is very likely to test the 3400-3250 region unless the same level is gained. If it drops to 3636, the gain of 3765 will be positive.