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Market news: The Iraqi Prime Minister has instructed that efforts be made to increase oil exports and diversify export channels.On May 20th, the National Bureau of Statistics released unemployment data by age group for April 2026. In April, the national urban surveyed unemployment rate was 5.2%, the unemployment rate for the urban labor force aged 16-24 was 16.3%, the unemployment rate for the urban labor force aged 25-29 was 7.4%, and the unemployment rate for the urban labor force aged 30-59 was 4.2%.Hungarian Prime Minister Majol: For a strong Europe, we need a strong Central European competitiveness.On May 20th, the General Office of the Guangdong Provincial Peoples Government issued a notice regarding the "Three-Year Action Plan for High-Quality Development of Service Trade in Guangdong Province (2026-2028)." The plan aims to actively develop digital industries such as next-generation electronic information, network and communication, semiconductors and integrated circuits, and ultra-high-definition video; strengthen support for digital technology R&D; cultivate and recognize a number of technologically advanced service enterprises; and support mature industrial technologies to drive standards and product exports, thereby enhancing international competitiveness. It also aims to build a comprehensive open-source community for artificial intelligence and accelerate the construction of industrial innovation platforms such as the Embodied Intelligence Training Ground, the Ascend Ecosystem Adaptation Center, and the Open Source HarmonyOS Adaptation Center. Furthermore, it promotes the construction of cooperation platforms such as the Sino-Singapore International Joint Research Institute and the Guangzhou Innovation Research Institute of the National University of Singapore, accelerating technology R&D and the industrialization of research results. Finally, it promotes the construction of high-tech ecological industrial parks such as the Shenzhen-Malaysia high-tech industrial park and supports the development of the entire industrial chain in Qianhai, including software development and robotics.May 20th - Nigerian oil companies are channeling the unexpected profits from the surge in crude oil prices triggered by the Iran war into short-term drilling projects, fueling the African nations plan to double its production within four years. Dozens of small and medium-sized enterprises (SMEs) producing less than 50,000 barrels per day have been snapping up assets divested by international oil companies for years. Now, with supply constraints due to the closure of the Strait of Hormuz, these companies are seizing the opportunity to increase production and profit from the supply shortage. "Its a perfect combination of meticulous planning and opportunity," said a former manager of ExxonMobils Nigerian division. He indicated that these small producers output could increase by 200,000 to 300,000 barrels per day by the end of the year. According to data collected by agencies, Nigerian oil production has already been on an upward trend, reaching 1.6 million barrels per day in April—the largest monthly increase in nearly three years.

ADA Price Prediction: Hot US Stats to Test Buyer Appetite at $0.370

Skylar Shaw

Nov 03, 2022 15:37

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ADA dropped on Wednesday by 3.74%. Tuesday saw a loss of 1.23% for ADA, which closed the day at $0.38. It's noteworthy that ADA closed the day below $0.400 for the first time in six sessions.


After a choppy morning session, ADA surged to a high of $0.409 in the late afternoon. The price of ADA dropped to a late low of $0.380 after failing to surpass the First Major Resistance Level (R1) at $0.411. At $0.394 and $0.388 respectively, the First Major Support Level (S1) and Second Major Support Level (S2) were breached by ADA, which closed the day at $0.386.


A bumpy afternoon session was brought on by US economic data, the FOMC policy decision and Rate Statement, and Fed Chair Powell's press conference.


Hope for a December pivot is dashed by Fed Chair Powell.


Investors were not diverted from the FOMC policy decision or Fed Chair Powell's press conference by updates from Input Output HK (IOHK) or its creator Charles Hoskinson.


Due to lack of authority, NASDAQ Composite Index and Fed Chair Powell controlled ADA.


After soaring to a day high in response to the FOMC Statement, ADA fell in response to Fed Chair Powell's news conference. With his declaration that "final level of interest rates would be higher than previously projected," Fed Chair Powell put an end to expectations of a December Fed turnaround. ADA decreased to a day low of $0.380 before leveling out.


The NASDAQ Composite Index reacted to Powell's speech as well, finishing the day down 3.36%.


US economic figures will be of importance later today. Factory orders, unemployment claims, and the ISM Non-Manufacturing PMI will provide ADA guidance. In the absence of IOHK network updates, the ISM Non-Manufacturing PMI and its sub-components would probably have the most impact.

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