EUR/USD 1.16569
0.041%
Gold 4619.14
0.537%
Oil 81.535
0.126%
USD/JPY 159.193
-0.063%
GBP/USD 1.35908
-0.040%
GBP/JPY 216.342
-0.114%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The UK Maritime Trade Organization stated that all crew members have been confirmed safe and no environmental impact has been reported.August 27th - According to sources, Kioxia is building a new manufacturing plant at its production base in Iwate Prefecture, northern Japan, to increase capacity and meet the growing demand for storage devices from the artificial intelligence sector. The project is expected to cost over 1 trillion yen (approximately US$6.27 billion). The new plant, the third in the complex, will produce the companys latest high-density 3D NAND flash memory chips, designed to help manage the massive workflows generated by AI services. Kioxia began shipping stacked NAND chips, the 10th generation BiCS flash memory, last month. With Japan continuing to provide financial support to companies like TSMC, Sony, and Micron Technology, reports suggest that Kioxia and SanDisk will apply for subsidies from the Japanese government. One source indicated that Kioxia plans to announce the expansion plan on Thursday evening.On August 27th, Saskatchewan Premier Amy Moy announced that the province will impose a 50% retaliatory tariff on imported U.S. alcoholic beverages starting September 8th, in response to the escalating trade dispute between the United States and Canada. Moy also stated his support for Canadian Prime Minister Mark Carneys proposed retaliatory tariffs on over 700 U.S. goods. According to Moy, sales of U.S. alcoholic beverages in Saskatchewan have plummeted by 40%.On August 27th, Business Insider reported that Nvidia (NVDA.O) is in talks to acquire Hugging Face, a leading AI platform focused on sharing and developing open-source models. This deal could be one of the chip giants largest to date. Sources revealed that the two companies have been in serious negotiations over the past few weeks regarding a deal valued at over $13 billion. No agreement has yet been reached, and negotiations could still fall apart. Sources also indicated that Microsoft (MSFT.O) had met with Hugging Face, but there has been no further contact. Previous reports indicated that late last year, Hugging Face rejected a $500 million investment offer from Nvidia, which would have valued the company at $7 billion. At the time, Hugging Face stated that it did not want a controlling investor who could dictate its decisions.Futures News, August 27th: Positive news for fuel oil lacked support, leading to a decline in refined product prices. Market participants confidence in future trading weakened, with downstream merchants purchasing only as needed and adopting a wait-and-see approach. Refineries slowed their sales pace. It is expected that fuel oil trading will remain relatively stable in some areas today, while others will experience slight declines.

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