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On September 11, Premier Li Qiang chaired an executive meeting of the State Council. The meeting emphasized the need to adhere to a rational and orderly approach, further improve computing infrastructure, actively promote the research and application of key technologies and equipment, and build a multi-layered networked computing system. It also stressed the importance of promoting the synergy between computing and power, and the integration of computing and networks. This includes strengthening the monitoring and scheduling of computing resources and the construction of backbone fiber optic networks, enhancing the planning and coordination of computing and power facilities, and accelerating the implementation of projects such as direct green electricity connections and power generation-grid-load-storage systems. Finally, the meeting called for support for enterprises in carrying out technological innovation, resource integration, and application promotion to better match supply and demand.German union representative: German workers should not be made to bear the cost of US tariff policies.On September 11, a spokesperson for the Ministry of Commerce stated that the US actions were an attempt to suppress and smear China. The US claim that China is a "dual threat" militarily and economically is a completely fabricated and malicious slander. Chinas technological breakthroughs in fields such as artificial intelligence, semiconductors, and biotechnology are the result of the hard work of Chinese researchers and enterprises, and are by no means prey for US intelligence agencies to covet. The USs actions are essentially driven by anxiety about Chinas technological progress, but espionage and hegemonic suppression cannot stop the innovative progress of Chinese enterprises, nor can they bring true technological leadership. The USs blatant espionage tactics are doomed to failure.According to CCTV: Li Qiang chaired an executive meeting of the State Council, which pointed out that it is necessary to focus on changes in the school-age population to rationally allocate educational resources and make overall arrangements for the supply of school places, teacher allocation, and funding.According to CCTV: Li Qiang chaired an executive meeting of the State Council, which pointed out that it is necessary to adhere to a combination of short-term and long-term measures, address both the symptoms and root causes, and implement differentiated policies to comprehensively improve the safety capabilities of old reservoirs.

Prediction for ADA Price: US Inflation and the NASDAQ Will Deliver $0.325

Daniel Rogers

Dec 09, 2022 15:19

截屏2022-12-09 下午3.02.31.png 

 

IOHK network updates and US economic statistics may test buyer interest on Friday, following Thursday's high day for ADA.

 

On Thursday, ADA jumped 1.61 percent. ADA closed at $0.315 on Thursday, partially reversing Wednesday's 2.52% loss. Notably, the price of ADA dropped below $0.310 for the second time in eight sessions and ended a three-session losing trend.

 

ADA dropped to a morning low of $0.307 after a bearish start to the day. ADA reached a late-day high of $0.316 after avoiding the First Major Support Level (S1) at $0.0305. Nevertheless, unable to surpass the First Major Resistance Level (R1) at $0.318, ADA ended the day at $0.315.

 

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Thursday, US economic figures bolstered the likelihood of a December Fed policy shift. During the week ending December 2, initial jobless claims rose from 226 thousand to 230 thousand. Following the release of last week's US Employment Report, concerns about a pick-up in the rate of hiring cast doubt on the Fed's plans to slow the rate of interest rate hikes.

 

Cardano network improvements were also favorable for the ADA price, averting a drop below $0.300. Charles Hoskinson, the company's founder, was in the limelight, highlighting the benefits of the Midnight privacy protocol meant to provide smart contracts with anonymity.

 

It was another instance of ongoing activity on the Cardano network, although the information was insufficient to warrant a breakout session.

 

Input Output HK (IOHK) will provide the weekly Development Update later today. A surge in network projects would result in an increase in ADA prices. However, the NASDAQ and US economic indices will need to provide support. The wholesale inflation and consumer confidence numbers in the United States will impact market risk sentiment.

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