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On June 2nd, the China Automobile Dealers Association released its latest "Automobile Consumption Index": the index for May 2026 was 81.0, a slight increase from the previous month, indicating that the automobile market is expected to maintain a relatively stable operating trend in June. The associations analysis shows that the June automobile market exhibited a structural differentiation pattern of "cooling demand, declining customer traffic, and strong sales." The fading of holiday benefits and the impact of high temperatures led to a decline in both new demand and offline customer traffic, resulting in a slowdown in overall market activity compared to the concentrated surge in May. However, increased mid-year promotional efforts by dealers and the concentrated fulfillment of previously intended orders continued to drive increased terminal sales. Overall sales are expected to continue their steady upward trend in June.June 2nd - WeRide and Uber announced plans to launch Spains first commercial Robotaxi pilot service in Madrid. This marks the first collaboration between WeRide and Uber in the European market. The commercial Robotaxi service will officially launch later this year. Local users will be able to hail a WeRide Robotaxi with a single click through the Uber app. In the future, as key operational metrics are achieved, WeRide, AVOMO, and Uber have committed to deploying hundreds more Robotaxis and expanding the commercialization of fully driverless Robotaxi services to cover the core urban area of Madrid.June 2nd - SK Group Chairman Chey Tae-won stated on June 2nd that SK Hynix plans to double its wafer production capacity within five years. He indicated that the bottleneck in memory chip production capacity may persist until 2030.JPMorgan Chase raised its price target for HP (HPQ.N) from $37 to $68.Bank of England mortgage lending in April was £4.368 billion, below the expected £5.3 billion and the previous figure revised from £6.152 billion to £6.833 billion.

The SEC and the Fed Hold the Key to ETH's Return to $1,600

Daniel Rogers

Feb 14, 2023 14:41

 截屏2023-02-14 下午2.34.13.png

 

On Sunday, Ethereum (ETH) declined by 1.56%. ETH closed the week down 7.00% at $1,515, somewhat offsetting a 1.72% gain on Saturday. Since January 14, ETH has fallen below $1,500 twice.

 

After a range-bound morning, ETH reached a high of $1,548 in the late afternoon. ETH reached a late low of $1,494 after failing to surpass the First Major Resistance Level (R1) at $1,554. ETH dropped below the First Major Support Level (S1) at $1,515 and closed the day at that price.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Bitcoin (BTC) decreased by 0.32% on Sunday. BTC closed the week at $21,796 down 4.94%, somewhat offsetting a 1.04% gain from Saturday. BTC finished the day below $22,000 for the fourth session in a row and returned above $22,000 for the first time in three sessions.

 

After a mixed morning session, BTC reached a high of $22,096 in the late afternoon. BTC reached a late-day low of $21,666 after failing to surpass the First Major Resistance Level (R1) at $21,977. Before closing the day at $21,796, BTC momentarily breached the First Major Support Level (S1) at $21,684.

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