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Tibo, Product Lead at OpenAI Codex: OpenAI 2026 Developer Conference will be the best developer conference in the companys history, absolutely unmatched.On August 25th, Algebris Global Credit Portfolio Manager Gabriele Foa stated that he expects Federal Reserve Chairman Warsh to provide a significant update on the Feds response to inflation in his speech at Fridays Jackson Hole conference, especially after the mixed signals released at the July press conference. He stated, "So far, the Fed has avoided providing clear forward guidance, resulting in unusually high uncertainty in its policy response function." This uncertainty is pushing the US Treasury yield curve steeper, with long-term yields becoming the primary channel for releasing pressure. "This contradicts, to some extent, Bessants attempt to achieve this by lowering long-term yields, and may also indicate that the coordination between the Fed and the Treasury is less than some market participants previously expected."On August 25th, options traders predicted that Nvidias (NVDA.O) stock price would rise/fall 5.4% on Thursday after the market closed on Wednesday following the release of its second-quarter results, lower than the 6.5% volatility implied by options before the May earnings release. Based on the expected 5.4% movement, its market capitalization could change by approximately $280 billion. Data from options analytics firm ORATS shows that this expected volatility is still significantly lower than the 7.4% average following earnings reports over the past 12 quarters. ORATS founder Matt Amberson stated, "The market has developed a certain degree of complacency regarding Nvidia, which also means that its performance is becoming more predictable." Chris Murphy, co-head of derivatives strategy at SIG International, said, "The era when Nvidia consistently amazed the market with significantly better-than-expected results in the early stages of the AI era, with its stock price fluctuating by 10%, 15%, or even 20%, is somewhat over. The market does not generally believe that it will deliver significantly better-than-expected results again."Fitch: UAE government debt is expected to rise, and banks and corporations may issue bonds when the opportunity arises.XPeng Group (09868.HK) saw its losses widen to 10% in the afternoon.

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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