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Data released by research firm New Automotive shows that Tesla (TSLA.O) sold 2,208 cars in the UK in February, a 45.2% year-on-year decrease.On March 5th, Daiwa issued a report stating that NetEase-S (09999.HK)s "Sixteen Sounds of Yan Yun," featuring over 10,000 AI-driven non-player characters (NPCs), is a prime example of AI-native gameplay, a technology difficult for other game developers to replicate. Therefore, Daiwa believes the development cycle for core AAA games will still require approximately 5 years, and the impact of AI on development timelines is currently limited. The bank reiterated its "Buy" rating on NetEase and maintained its target price of HK$257 based on SOTP. In the long term, Daiwa expects revenue growth from NetEases classic game copyrights to be slow, and the revenue growth from the launch of the free-to-play server for "Fantasy Westward Journey" is likely a one-off boost. Furthermore, the bank believes that NetEases dual-listing strategy has structural positive implications; if included in the Hong Kong Stock Connect program in the future, it will further improve stock liquidity while reducing long-term listing risks.March 5th - According to Politico, the Pentagon is urgently increasing the number of U.S. troops used for operational intelligence gathering, indicating that the Trump administration is not prepared for a larger-scale war. A notification obtained by Politico states that U.S. Central Command has requested the Pentagon to send more military intelligence officers to its headquarters in Tampa, Florida, to support operations against Iran for at least 100 days, potentially extending into September. This is the first time the Trump administration has requested additional intelligence personnel for a war against Iran, work that is typically planned long before military action. A U.S. official stated that the Pentagon is also working to deliver more air defense systems to the region, particularly smaller and cheaper anti-drone systems that the department has been developing over the past few years.March 5th - The draft outline of the 15th Five-Year Plan proposes: Improving the quality and level of trade and investment cooperation. Strengthening coordination between imports and exports, emphasizing both goods and services, and comprehensively attracting foreign investment and overseas investment to create new advantages in international trade and two-way investment cooperation. Promoting innovative development in trade. Attracting and utilizing foreign investment with greater力度. Promoting international industrial and investment cooperation.March 5th - The draft outline of the 15th Five-Year Plan proposes: Actively and steadily promote and achieve carbon peaking. It calls for coordinating development and emission reduction, solidly carrying out carbon peaking actions, accelerating the adjustment and optimization of industrial structure, energy structure, and transportation structure, and ensuring the timely achievement of carbon peaking targets. It also calls for the comprehensive implementation of a dual control system for total carbon emissions and carbon intensity. Furthermore, it promotes energy conservation and carbon reduction in key sectors and enhances the capacity to address global climate change.

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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