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On August 12th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.0520%, and the lowest was 0.6810%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0010%, and the lowest was 0.9010%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0090%, and the lowest was 0.9010%.The Hang Seng Tech Index fell as much as 1% in early trading, and the Hang Seng Index is currently down 0.9%.As of 09:30 Beijing time, New York gold futures rose 0.50%, New York silver futures rose 0.49%, and New York copper futures rose 0.04%.August 12th - According to the Henan Provincial Emergency Management Department, the Henan Provincial Flood Control and Drought Relief Headquarters activated a Level II emergency response for flood control at 8:00 AM on August 12th. From 8:00 AM on the 12th to 8:00 AM on the 13th, most areas along the Huai River and to the north are expected to experience heavy rain, with some counties (cities, districts) in southern Jiaozuo, central and eastern Xinxiang, eastern Luoyang, Zhengzhou, Kaifeng, central and western Shangqiu, Pingdingshan, Xuchang, Luohe, central and western Zhoukou, northeastern Nanyang, and northern Zhumadian experiencing torrential rain. Locally, southeastern Zhengzhou, southern Kaifeng, central Pingdingshan, northern Xuchang, and western Zhoukou will experience extremely heavy rain (250 to 350 mm in some areas), accompanied by short-duration heavy rainfall (maximum hourly rainfall of 40 to 60 mm, locally 80 mm), and localized thunderstorms with strong winds (level 8 to 10).According to NBC News: U.S. Senator Amy Klobuchar has won the Democratic gubernatorial primary in Minnesota.

DOGE Eyes Return to $0.0600 to Target $0.0620, with SHIB on the Move

Skylar Shaw

Oct 21, 2022 15:25

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Dogecoin's (DOGE) price dropped by 1.81% on Wednesday. Tuesday saw a loss of 0.36% for DOGE, which closed the day at $0.05869.


Following a range-bound morning, DOGE increased to a high of $0.06078 in the late afternoon.


However, DOGE declined to a late low of $0.05821 after failing to surpass the First Major Resistance Level (R1) at $0.0611. At $0.0585, DOGE found support at the First Major Support Level (S1), closing the day at $0.05869.


On Wednesday, Shiba Inu Coin (SHIB) fell 3.05%. Tuesday saw SHIB lose 2.21% of its value, closing the day at $0.00000986. For the first time since July 12, SHIB finished the day below $0.000010, which is noteworthy.


Elon Musk's tweets on Twitter (TWTR) didn't help the price. Investor trepidation due to ongoing inflationary pressures affected their desire for riskier investments. The September inflation data for the Eurozone and the UK demonstrated the likelihood that sustained policy tightening would be required to achieve target inflation.


Neel Kashkari, a well-known FOMC dove, spoke of sustained inflation and more upside under tight labor market circumstances, adding to the pessimistic rhetoric that already existed. The combination of remarks implied that the Fed may raise rates and maintain them there for a longer period of time.


With the NASDAQ 100 Mini down 56.75 points this morning, the NASDAQ 100 plummeted by 0.85%.


The appetite of investors for risky assets will be tested later today by US economic statistics and Fed chitchat. There will be a lot of interest in Philly Fed Manufacturing and weekly unemployment claims.


Due to today's statements by FOMC members Harker and Bowman, investors must also keep an eye on Fed chitchat.

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