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Futures News on October 14, according to SMM, the mainstream flat copper is quoted at a discount of 70 yuan/ton to 40 yuan/ton for the current month contract, and good copper is quoted at a discount of 30 yuan/ton to 10 yuan/ton. Due to the concentrated arrival of imported copper and the fact that there is still a lot of imported copper flowing into domestic trade until late October, the holders of the Shanghai Copper 2410 contract are obviously active in shipping before delivery. However, due to the limited increase in copper price consumption and the resumption of work and production of waste recycling enterprises after the National Day, which further squeezes electrolytic copper orders, it is expected that the premium will still be under pressure to decline tomorrow.Futures news on October 14, Fubao data: On October 14, 2024, Fubao scrap copper price index was 71,600 yuan/ton (excluding tax), up 100 yuan/ton from last Friday; Fubao spot copper (1#) price was 77,630 yuan/ton, up 200 yuan/ton from last Friday; direct refined scrap price difference was 6,030 yuan/ton, up 100 yuan/ton from last Friday, 160 yuan/ton lower than the average of the previous 5 days (6,190), and 140 yuan/ton higher than the average of the past three months (5,890).On October 14, Cong Lin, deputy director of the Financial Supervision Administration, said at the meeting that the Financial Supervision Administration will take the lead in establishing a coordination mechanism to support the financing of small and micro enterprises, strengthen the linkage between the central government and local governments, and work from both the supply and demand sides to coordinate and solve the problems of small and micro enterprises difficulty in financing and banks difficulty in lending. In the near future, the Financial Supervision Administration will hold a special meeting to make arrangements. The Financial Supervision Administration hopes to achieve the following three goals: First, direct access to the grassroots. Low-cost credit funds should be directly delivered to the grassroots, opening up the "last mile" of benefiting enterprises and the people. Second, fast and convenient. In principle, banks should make a decision on whether to grant credit within one month. For qualified enterprises, banks should open up green channels, optimize processes, and speed up processing. Third, the interest rate is appropriate. By saving information collection costs, reducing intermediate links, reducing lending costs and additional fees, the overall financing cost of small and micro enterprises can be reduced.At the close of the morning session, the main domestic futures contracts rose more than fell, with the European container shipping line rising by more than 14%, alumina rising by more than 6%, glass rising by more than 5%, soda ash rising by more than 3%, caustic soda and iron ore rising by nearly 3%, BR rubber, No. 20 rubber, rubber, coke, palm oil, hot-rolled coil, and coking coal rising by more than 2%. In terms of decline, low sulfur fuel oil (LU) fell by more than 1%.Futures news on October 14, on October 14, Luan steel and building materials prices were adjusted as follows: 1. Rebar fell by 30 yuan/ton, and the current listing price of Φ18mmHRB400E rebar is 3780 yuan/ton; 2. Coil fell by 50 yuan/ton, and the current listing price of Φ8-10mmHRB400E coil is 3980 yuan/ton; 3. Wire rod fell by 50 yuan/ton, and the current listing price of Φ8-12mmHPB300 wire rod is 3940 yuan/ton.

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.