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Mobility Sweden, a Swedish mobility data company, reported that Teslas new registrations in Sweden increased by 71% year-on-year in May.On June 1st, during GTC, NVIDIA officially launched the NVIDIA RTX Spark super chip, targeting Windows PCs in the era of personal AI agents. This chip brings high-performance AI computing, graphics processing, and local agent capabilities to thin and light laptops and small desktops. NVIDIA revealed that starting this fall, Lenovo, Dell, HP, Microsoft, and other manufacturers will successively launch thin and light Windows laptops and small desktops equipped with RTX Spark. Lenovo Chairman and CEO Yang Yuanqing stated that RTX Spark represents a significant leap forward in AI-native computing. Leveraging Lenovos capabilities in engineering design, global scale, and AI device portfolio, the two companies will jointly bring a new generation of AI PC experiences to creators, gamers, and AI developers.On June 1st, officials from the Ministry of Justice, the National Development and Reform Commission, and the Ministry of Commerce answered reporters questions regarding the "Regulations." The "Regulations" clarify that the state will improve the comprehensive overseas service system, promote trade and investment integration, and improve institutional measures from multiple dimensions to provide strong legal guarantees for enterprises going global to participate in international cooperation and competition: First, improve public platforms and services, coordinating service resources in foreign affairs, law, finance and taxation, finance, trade and economy, logistics, entry and exit, customs, and trade promotion to provide service guarantees for investors; provincial-level and above peoples governments and their relevant departments should improve their public service capabilities and levels. Second, support professional service institutions such as consulting and evaluation, legal services, accounting and auditing, credit rating, mediation and arbitration, and intellectual property to improve their international service capabilities and levels, and provide high-quality professional services. Third, banking financial institutions should provide financing and other financial services based on their functional positioning, and policy-oriented insurance institutions are encouraged to provide overseas investment insurance and other services.According to the Ministry of Agriculture and Rural Affairs, the "Agricultural Product Wholesale Price 200 Index" was 113.07 on June 1st, down 0.13 points from last Friday; the "Vegetable Basket" product wholesale price index was 113.10, down 0.15 points from last Friday. As of 2:00 PM today, the national average wholesale price of pork was 14.77 yuan/kg, down 0.6% from last Friday; beef was 66.68 yuan/kg, up 0.1% from last Friday; mutton was 63.94 yuan/kg, down 0.2% from last Friday; eggs were 10.24 yuan/kg, up 4.1% from last Friday; and dressed chicken was 17.09 yuan/kg, up 1.2% from last Friday.Bank of France Governor Villeroy: In most scenarios, economic growth is expected to remain positive.

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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