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On April 14th, Bank of America Securities released a research report, forecasting that JD Logistics (02618.HK)s total revenue for the first quarter of 2026 will increase by 25% year-on-year to RMB 58.9 billion, with non-IFRS net profit rising by 37% year-on-year to RMB 1.03 billion. The non-IFRS net profit margin is expected to improve from 1.6% in the same period last year to 1.8%. Excluding the on-demand delivery business, the bank expects JD Logistics core supply chain logistics revenue to grow by 6% year-on-year, with traditional express delivery revenue growing by 10%, outperforming the industry, while its cross-border express delivery business will achieve double-digit growth. Bank of America Securities believes that in a volatile operating environment, revenue growth is more important than profit margin, reflecting the high stickiness of supply chain logistics customers. The bank also raised its non-IFRS profit forecasts for the group for this year and next by 13% to 18%; the target price was raised from HK$15 to HK$16.6, and the "Buy" rating was reiterated.On April 14th, it was learned from the Beijing Municipal Commission of Transport that the Beijing Municipal Transportation Law Enforcement Team has recently launched an investigation into Shanghai Hello Bike Technology Co., Ltd. for illegally deploying excessive numbers of shared bicycles in Beijing. Going forward, Beijings transportation authorities will continue to strengthen supervision of the shared bicycle industry, urging all operating companies to earnestly fulfill their responsibilities and operate in accordance with laws and regulations. For issues such as illegal deployment and untimely data access, measures such as interviews, administrative penalties, and dynamic control of the total number of bicycles will be taken in accordance with the law. Companies that repeatedly violate regulations and refuse to rectify their practices will be severely punished according to law.The China Earthquake Networks Center officially determined that a magnitude 3.1 earthquake occurred in Tongliang District, Chongqing (29.61 degrees north latitude, 106.07 degrees east longitude) at 11:53 on April 14, with a focal depth of 8 kilometers.On April 14th, Japans 20-year government bond auction attracted the strongest demand since 2019, with higher yields continuing to attract investors despite ongoing conflicts in the Middle East. The bid-to-cover ratio for Tuesdays auction was 4.82, compared to 3.25 in the previous auction and a 12-month average of 3.27. Prices of Japanese government bonds rose after the auction.DeepX, a South Korean AI chip startup, is preparing for an IPO in South Korea.

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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