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On September 17, Deutsche Bank predicted that NIO (NIO.N)s weekly deliveries would accelerate after the final pricing of the new ES8 SUV was announced on September 20. Analyst Bin Wang predicted that the actual selling price of the ES8 would be RMB 7,000-17,000 lower than the pre-sale price. The companys guidance shows that the production capacity of the model can reach 10,000 units in October and will increase to 15,000 units in December. Wang pointed out that thanks to the newly launched Ledao L90 pure electric SUV, NIOs sales in the second week of September increased by 36% year-on-year. As battery supply improves, Ledao brand sales are expected to grow further. Wang added that weekly deliveries are expected to increase significantly as some potential consumers postpone their purchase decisions while waiting for the final pricing of the ES8. Deutsche Bank maintained a "buy" rating on the stock.Futures News, September 17th. Economies.com analysts released their latest analysis today: Brent crude oil futures retreated intraday in the previous trading day, primarily due to a negative overlap signal on the Relative Strength Index (RSI). Prices had previously reached overbought levels and are currently attempting to partially offset this overbought condition. This correction is expected to accumulate further upward momentum and help resume a strong upward trend. The current pullback is viewed as a benign correction of previous gains. In the short term, the bullish correction remains dominant, with prices trading along the trendline. Meanwhile, Brent crude oil futures stabilized above the key resistance level of $67.60, confirming a breakout of this resistance level and further strengthening the positive signals for the coming period.Indian Steel Ministry official: US tariffs have little direct impact on steel.Hong Kong Chief Executive John Lee delivered his latest Policy Address in the Legislative Council on September 17. John Lee stated that the Hong Kong insurance industry has established a dedicated task force and will draw upon data from the SAR governments "Regulatory Sandbox" to develop low-altitude economic insurance products for various application scenarios. The Hong Kong Insurance Authority will strengthen its liaison with the industry to address related needs.Hong Kong Chief Executive John Lee delivered his latest Policy Address in the Legislative Council on September 17. John Lee stated that the SAR government is accelerating the development of the third "InnoHK" Innovation Hong Kong Research and Development Platform, focusing on sustainable development, energy, advanced manufacturing, and materials. The R&D center will be established in the first half of 2026.

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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