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On July 15th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.3590%, and the lowest was 0.7870%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0310%, and the lowest was 0.8410%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0680%, and the lowest was 0.9210%.On July 15th, a paper titled "Feasibility Study of Humanoid Robots for Surgical Procedures in Vivo," published online in the top international journal *Nature*, has attracted widespread attention. The research team brought Unitree Robotics G1 humanoid robot into the operating room, where human surgeons performed standard laparoscopic cholecystectomies on two live pigs via remote control. This study is considered the worlds first live surgery performed using a humanoid robot. The papers first author, Dr. Liang Zekai of the Department of Electrical and Computer Engineering at the University of California, San Diego, responded via email, stating that the research project was completed by an interdisciplinary team of engineers and surgeons. The Unitree G1 was chosen primarily because it was one of the most readily available commercial options at the time. The projects focus was on the humanoid robots humanoid appearance, rather than a specific platform. "It will take a considerable amount of time before humanoid robots can be truly applied to clinical practice with human patients," Liang Zekai said. He added that further improvements are needed in areas such as precision, sterilization, safety, regulatory approval, and large-scale validation before clinical deployment of humanoid robots.On Wednesday, July 15, the Hang Seng Index opened 210.61 points higher, or 0.87%, at 24,551.34; the Hang Seng Tech Index opened 36.72 points higher, or 0.78%, at 4,716.18; the H-share Index opened 49.81 points higher, or 0.61%, at 8,152.89; and the Red Chip Index opened 4.37 points higher, or 0.11%, at 3,939.77.The Peoples Bank of China (PBOC) announced today that it conducted 426.5 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 426.5 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.The National Bureau of Statistics will release its monthly report on residential sales prices in 70 large and medium-sized cities in ten minutes.

Early Support for ETH and BTC, with US Economic Indicators in Focus

Alina Haynes

Nov 03, 2022 19:39

 截屏2022-11-03 下午7.34.53.png

 

Wednesday saw Bitcoin (BTC) and Ethereum (ETH) join the larger market in the red. The NASDAQ Composite Index, Bitcoin, and Ethereum all fell in response to Fed Chair Powell's news conference. Nevertheless, the technical indications continue to be optimistic, indicating upward price trends. On Wednesday, Ethereum (ETH) fell 3.80%. Reversing Tuesday's gain of 0.32%, ETH closed the day at $1,518.

 

After a turbulent morning session, ETH recovered to a high of $1,622 by late afternoon. ETH surpassed the First Major Resistance Level (R1) at $1,606 prior to falling to a late low of $1,506. ETH ended the day below $1,520 after breaking through the First Major Support Level (S1) at $1,556 and the Second Major Support Level (S2) at $1,535.

 

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On Wednesday, the price of bitcoin (BTC) plummeted by 1.63 percent. BTC ended Tuesday at $20,165, a decrease of 0.04% from its opening price.

 

BTC rose to a high of $20,817 in response to the FOMC Statement, following a range-bound morning. BTC surpassed the First Major Resistance Level (R1) at $20,686 before falling to an intraday low of $20,086. BTC went below the First and Second Major Support Levels (S1 and S2) at $20,327 and $20,154, respectively.

 

In accordance with forecasts, the Fed raised rates by 75 basis points on Wednesday. The FOMC Statement hinted at a likely policy move in December, lending credence to December Fed pivot wagers. The Rate Statement pushed BTC and ETH to their daily peaks.

 

However, Fed Chair Powell dashed prospects for a reversal, citing excessive inflation and the need to continue forward. Powell remarked that the "final level of interest rates will be higher than anticipated."

 

As a result, the NASDAQ Composite Index fell 3.36 percent, sending BTC and ETH into the negative.

 

Today, attention will be on US factory orders, jobless claims, and the ISM Non-Manufacturing PMI. We anticipate the PMI and its subcomponents to have the most effect.

 

Due to the sensitivity of BTC and ETH to US economic statistics and the FED, the correlation with the NASDAQ Composite Index remains intact. The NASDAQ 100 Mini was up 35 points this morning.


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