EUR/USD 1.14674
0.040%
Gold 4033.42
-0.663%
Oil 79.159
-0.707%
USD/JPY 162.084
-0.063%
GBP/USD 1.35340
-0.032%
GBP/JPY 219.371
-0.084%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 16, Hengfu Holdings (00643.HK) announced that, at the companys request, trading in the companys shares on the Hong Kong Stock Exchange was suspended from 9:00 a.m. on July 16 pending the publication of an inside information announcement.On July 16th, Barclays analysts stated in a research report that Tencent Holdings (00700.HK) appears to have gained a first-mover advantage in certain segments of the enterprise AI agent field. Tencents first-mover advantage is particularly encouraging, as the success or failure of the competition at the intelligent agent layer may ultimately determine the winners and losers in the AI field. At the same time, Barclays believes that, thanks to its WeChat ecosystem, Tencent may be one of the few companies capable of launching near-general-purpose consumer-grade AI agents. However, analysts believe that Tencents progress in the AI field, aside from increasing related investment costs, will not have any direct impact on the companys financial performance in the short term.July 16th - Hyundai Motor Group of South Korea will acquire SoftBanks stake in Boston Dynamics. Through this transaction, Hyundai Motor Group will gain 100% ownership of Boston Dynamics. The simplification of Boston Dynamics decision-making and operational processes is expected to accelerate the commercialization of physical artificial intelligence technologies, including the humanoid robot "Atlas."July 16th - SK Hynix ADRs and its listed Korean ordinary shares are expected to be open for two-way conversion by the end of this month, but arbitrage trading previously anticipated by individual investors is unlikely to materialize. Although interchangeable in principle, investors may find it difficult to convert as freely as they would with ordinary shares. The Korea Securities Depository (KSD) stated on the 16th that the mutual conversion between SK Hynix ADRs and Korean ordinary shares will become possible after the 29th (the scheduled listing date of the newly issued Korean ordinary shares). However, the actual conversion process requires several conditions to be met. Converting Korean ordinary shares to ADRs can only be done within the ADR issuance quota set by the issuer. For example, if the ADR issuance quota corresponds to 1 million ordinary shares, and 900,000 shares have already been issued, only 100,000 shares remain available for conversion. Conversely, there is no separate issuance quota restriction for converting ADRs back to Korean ordinary shares. Industry insiders believe that individual investors will find it difficult to use this as a practical investment strategy. Converting ordinary shares to ADRs requires a separate application through a brokerage firm and involves procedures such as foreign exchange conversion. The procedures vary among different brokerages, so conversion cannot be completed instantly through mobile or online trading systems like with ordinary stocks.July 16th - According to South Korean media reports, the Bank of Korea raised its benchmark interest rate by 0.25 percentage points to 2.75% on the 15th. As South Korea enters a period of comprehensive benchmark interest rate increases, there are growing concerns that already rising loan interest rates may climb further. Previously, banks had anticipated a year-end interest rate hike by the Bank of Korea and accordingly raised their loan rates in advance. Data from the banking industry on the 15th showed that the annual interest rates for five-year fixed-rate mortgages at South Koreas five major banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank) ranged from 4.74% to 7.41%, with the highest rate approaching 8%. Compared to late May, the lower limit of the interest rate has risen sharply by 0.42 percentage points in just two months. This phenomenon reflects that market interest rates have already risen ahead of expectations of a rate hike this month; at the same time, due to regulatory restrictions on loan volume, banks incentive to maintain low interest rates has also weakened.

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.

Suggestion