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On May 27th, the Guangdong Provincial Strategic Emerging Industries Investment Guidance Fund was launched in Guangzhou, and XPeng Group was honored to be among the first batch of signed projects. Chairman and CEO He Xiaopeng emphasized at the ceremony that strategic emerging industries require "patient capital" capable of navigating economic cycles. XPeng will steadfastly pursue independent research and development, continuously increase investment in scientific research, and make every effort to overcome core technologies in physical AI. With the support of the fund, XPeng aims to enable the low-altitude economy to "take off," autonomous driving to "run," and embodied intelligence to "be used," transforming innovative technologies into real industrial power.SK Hynixs stock price rose by 14%.May 27th - Data released Wednesday by the European Automobile Manufacturers Association (ACEA) shows that European car sales rose for the third consecutive month in April, with consumers continuing to purchase large numbers of electric and hybrid vehicles. New car registrations in April increased by 7% year-on-year, reaching 1.15 million units. Sales in major markets such as Germany and the UK both saw growth, with electric vehicle deliveries surging by 38%. Due to the implementation of new subsidies, electric vehicle sales in Germany, Europes largest car market, jumped 41%. Hybrid vehicle sales increased in Europe in April, while sales of gasoline and diesel vehicles continued to decline, indicating that the European car market is continuing its transition to electrification. After a dismal 2025, Teslas performance in the European market continued to recover, with sales in Europe increasing by 47% year-on-year in April. Volkswagen, Stellantis, Mercedes-Benz, and BMW also recorded higher delivery volumes.On May 27, the Iranian Civil Aviation Organization announced on the 26th that 10 airports nationwide would extend their operating hours and operate 24 hours a day. These include Tehrans Imam Khomeini International Airport and Mehrabad Airport, as well as Sari, Birjand, Gorgan, Boynourd, Kerman, Zahedan, Sabzewar, and Mashhad airports. The previous day, on the 25th, a spokesperson for the Iranian Civil Aviation Organization stated that 20 airports across Iran had resumed operations after the temporary ceasefire agreement between the US and Iran took effect.May 27th - According to Counterpoint Research, global DRAM revenue surged 80% quarter-over-quarter in the first quarter of 2026, reaching a record high, driven by both strong market demand and rising memory prices. The increased adoption of high-bandwidth memory (HBM) and LPDDR5 in AI data center infrastructure were also key factors contributing to this growth. Samsung continued its leading position in the memory business, followed by SK Hynix and Micron in second and third place, respectively. Prices are projected to continue growing by 50% quarter-over-quarter in the second quarter of 2026 (including HBM and standard DRAM), indicating another strong quarter for the market.

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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