• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 11, a special meeting on promoting the construction of the Hengqin Guangdong-Macao In-Depth Cooperation Zone was held in Hengqin on the 10th. The meeting thoroughly studied and implemented the spirit of General Secretary Xi Jinpings important instructions and directives on the construction of Hengqin, accelerated the implementation of the "package of policies and measures for further promoting the construction of the Hengqin Guangdong-Macao In-Depth Cooperation Zone," supported Macao in actively aligning with the national "15th Five-Year Plan" and implementing the SARs new five-year plan, and promoted the construction of Hengqin to a new level, making new contributions to the moderate diversification of Macaos economy. Xia Baolong, Director of the Hong Kong and Macao Affairs Office of the Central Peoples Government and Director of the Hong Kong and Macao Affairs Office of the State Council, attended the meeting and delivered a speech.On September 11th, analyst Mike Cahill pointed out that if the CPI data is stronger and the result is sufficiently broad-based, the Federal Reserve might take action, as this would deviate from the policy framework proposed by Williams and Waller this summer. Weaker data should be sufficient for the Fed to maintain interest rates without triggering an adverse market reaction. However, if the data is in the middle range, the situation will be more complicated, as the market is clearly uneasy about the Fed remaining on hold with inflation around 2.5%. Overall, Cahill believes that the weakening dollar reflects several factors, including the Feds tendency to keep interest rates unchanged and the Treasurys demonstrated policy preference of allowing the foreign exchange market to adjust rather than putting pressure on the fixed-income market.On September 11, the Ministry of Industry and Information Technology (MIIT) held a press conference to introduce the development of my countrys intelligent connected new energy vehicle industry. Guo Shougang, Director of the Equipment Industry Department of MIIT, stated at the conference that the next step will be to further strengthen inter-departmental collaboration and persistently promote the work of regulating competition in the automotive industry, safeguarding the high-quality development of the industry. This includes continuously regulating industry competition, thoroughly addressing online irregularities, and guiding and standardizing new car launches and product evaluation activities. It also involves strengthening supervision and rectification of automakers that extend payment terms in disguised forms, improving the standardization and institutionalization of payment procedures, and increasing regulatory enforcement against suspected violations to resolutely maintain a healthy, orderly, and fair market environment.On September 11, 2026, Vicor Corporation filed an application with the U.S. International Trade Commission under Section 337 of the Tariff Act of 1930, alleging that certain vertical power delivery systems, components thereof, and computing systems containing the same, exported to, imported into, and sold in the U.S., infringe its patent rights. Vicor requested a Section 337 investigation and the issuance of a limited exclusion order and a cease and desist order. Five Chinese companies are involved in the case.September 11 – According to Turkeys Anadolu Agency, an official confirmed that a cargo ship carrying approximately 82,000 metric tons of liquefied natural gas (LNG) from Qatar has arrived in Pakistan via the nearly closed Strait of Hormuz. Port spokesman Asad Al-Taf stated that the ship, named "Al Marrouna," carrying LNG from Ras Laffan, Qatar, passed through the Strait of Hormuz on Monday and docked at Qasim Port in Karachi, the countrys commercial center, on Thursday morning. This is the first shipment of LNG from Qatar to Pakistan via the Strait of Hormuz since July.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

微信截图_20221124094121.png


Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.