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Artificial Intelligence: 1. Anthropic is reportedly expected to launch its IPO process within weeks. 2. Anthropic plans to introduce super voting rights to protect the founding teams control. 3. Anthropics pre-IPO credit line may exceed its target of $10 billion. 4. OpenAIs Q2 revenue reportedly increased by 18% quarter-over-quarter, but losses widened. 5. OpenAI: The company has temporarily slowed down the training of some cutting-edge models for two weeks to enhance security and monitoring. Other: 1. The worlds most precise 100-meter-class radio telescope has completed the installation of its core structure. 2. Alibaba Clouds third data center in South Korea went online. 3. Baidus Q2 financial report: Total revenue of 31.3 billion yuan, with AI business accounting for more than half of total revenue for the third consecutive year. 4. TrendForce: The combined revenue of the top five global NAND Flash brands in Q2 increased by 77% quarter-over-quarter, reaching $68.87 billion. 5. Taiwanese power semiconductor manufacturers are preparing for a third wave of price increases. Japans core machinery orders rose 9.7% month-on-month in June, below the expected 7.80% and the previous months -12.40%.Japans core machinery orders rose 16.9% year-on-year in June, below the expected 10.8% and the previous reading of -1.90%.August 19th - Today (August 19th), the Zhuque-3 Y2 carrier rocket was launched from the Dongfeng Commercial Aerospace Innovation Test Zone. The first stage of the rocket successfully landed at the Zhuque-3 landing site in Minqin County, Gansu Province, according to the predetermined procedure. This is another major breakthrough for my country in key technologies for reusable rockets, and the Zhuque-3 has become my countrys first carrier rocket to successfully enter orbit and be recovered on land.August 19th - Despite a sharp rise in oil costs, the proportion of Japanese companies exceeding earnings expectations reached a five-year high, leading to widespread optimism that strong profit growth across industries will drive a market rebound, extending beyond artificial intelligence-related trades. Data shows that in the three months ending in June, approximately 71% of Japanese companies exceeded analysts forecasts, with the combined net profit of the 500 largest companies reaching 21 trillion yen (approximately $132 billion), surpassing the record of approximately 18 trillion yen set a year ago. Corporate profitability has also improved significantly, with the profit margin of TOPIX constituent stocks expected to reach 9.3%, the highest level for similar data in over three decades. These results suggest that the Japanese stock market rally may be entering a new phase. While last quarters growth was primarily concentrated in technology and AI-related companies, the latest earnings season shows that profit growth is expanding into a broader range of sectors as companies successfully pass on higher costs to customers. "Not only exporters and semiconductor-related companies are outperforming expectations," said a strategist at Resona Holdings, "we are seeing domestic demand-driven companies outperforming expectations. Investor interest has broadened compared to before, and I think this trend will continue."

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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