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The Reserve Bank of New Zealand: The Financial Policy Committee considered house price developments, the recent risk profile of mortgage loans, and the financial stress on borrowers.Reserve Bank of New Zealand: Maintains loan-to-value ratio (LVR) setting.Conflict Situation: 1. Iranian Supreme Leaders advisor: Conflict may escalate if conditions are not met. 2. US Defense Secretary Hergsays: The US can maintain the blockade against Iran for an extended period if necessary. 3. According to the Jerusalem Post: Saudi Arabia is considering supporting a ground offensive by Yemeni forces to retake the Red Sea coast from the Houthis. 4. The Houthi-controlled Saba News Agency reported that the group attacked the Saudi Aramco oil refinery in Jizan, Saudi Arabia, with two drones. 5. The Houthis warned that if Saudi Arabia launches a full-scale offensive against Yemen, they will target Saudi oil fields, airports, and power and water infrastructure. 6. Saudi media: The Houthi rebels in Yemen attacked a key facility in Harikia, near the Bab el-Mandeb Strait, with two ballistic missiles. 7. Abu Dhabi National Oil Company of the UAE: Two ships were attacked while passing through the Strait of Hormuz on Thursday; no injuries were reported. Strait of Hormuz: 1. Iran: No vessel can safely pass through the Strait of Hormuz without authorization. 2. UK Maritime Trade Organization: Commercial traffic in the Strait of Hormuz remains restricted. 3. According to Iranian media Fars News: Irans oil spill cleanup in the Strait of Hormuz is entering its final stage. 4. Iranian Revolutionary Guard: The Strait of Hormuz is closed; Iran has full and firm control over activities within the strait. The truth must be seen on the battlefield, not by US announcements and rhetoric. Peace Negotiations 1. Trumps son-in-law plans to visit Israel next week to discuss the Gaza issue. 2. The Saudi Crown Prince and the commander of the US Central Command exchanged views on deepening defense cooperation and de-escalating regional tensions. Other Matters 1. Iranian Foreign Minister Araqchi: The US has long misjudged the situation due to intelligence failures. 2. UN envoy warns Yemen faces the risk of re-entering large-scale conflict. 3. The USS Washington is deployed to the Middle East for troop rotation; the crew of the USS Lincoln are exhausted and questioned by lawmakers. 4. The US military is building its first multinational drone task force to strengthen its unmanned combat capabilities in the Middle East. 5. US Vice President Vance: The Iran issue will ultimately end with the US in a dominant position. The United States has many tools at its disposal regarding its policy toward Iran. 6. Saudi Arabias Ministry of Defense: 39 countries participated in the third planning meeting of the multinational maritime defense coalition held in Jeddah; 15 countries have signed a joint statement, and 13 countries have completed the procedures and formally joined the coalition. 7. Iran set the price of its September Iranian light crude oil sold to Asia at a discount of $4.70 per barrel to the Oman/Dubai benchmark.On August 14th, sources revealed that OpenAIs current annualized revenue has exceeded $40 billion, roughly doubling its projected revenue by the end of 2025. This performance significantly strengthens the companys confidence in its IPO plans. Revenue growth has accelerated in recent months, primarily driven by the rapid expansion of its AI programming software business. Furthermore, subscription sales continue to rise, advertising revenue is beginning to contribute incremental income, and the core consumer business maintains steady growth. In terms of competition, OpenAI is fiercely vying for enterprise clients with Anthropic. Both companies have secretly filed for IPOs, with Anthropic expected to IPO as early as this fall, potentially before OpenAI. OpenAI co-founder and president Greg Brockman stated that the companys annualized revenue grew by more than 20% month-over-month in July. Recently, demand for AI agents has increased significantly, with representative products including the programming tool Codex and the universal assistant ChatGPT Work. Meanwhile, OpenAI has lowered the prices of some models to more flexibly respond to challenges from Anthropic and numerous competitors.Market news: OpenAIs annualized revenue had already exceeded $40 billion before its IPO.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

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 as low as 0 pips and a commission rate of $3.50 per 100,000 USD 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.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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