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JD.coms Q2 earnings call will be held in ten minutes.On August 13th, Nomura Securities strategists predicted that the Swedish central bank would keep its policy rate unchanged at 1.75% in August and maintain it throughout 2026. Despite subdued and stable inflation expectations in Sweden, stronger economic activity data, Middle East-related energy risks, and anticipated tightening by the European Central Bank have increased the likelihood of an earlier rate hike by the Swedish central bank. The bank stated, "Furthermore, the European Central Bank has already raised rates once this year, and we expect it to raise rates again in September. While we believe these pressures will not prompt the Swedish central bank to vote for a rate hike this time, the risk to our forecast for the Swedish central banks policy rate is that the rate hike could occur earlier than our current expectation of December 2027."IREN delivered Horizon 1 to Microsoft and obtained NVIDIA Exemplar Cloud certification on the GB300 NVL72 platform.The Indian rupee weakened against the US dollar on Thursday, despite both the dollar and oil prices falling. The dollar came under pressure after market concerns about a near-term Federal Reserve rate hike eased following expectations of slower-than-expected US July consumer price index growth. Analysts at Brown Brothers Harriman noted that the latest US inflation data prompted a mildly dovish shift in interest rate expectations, although the dollars overall upward trend continued. They emphasized that after the US July CPI data indicated that inflation was cooling, federal funds futures reduced bets on a September rate hike from about 50% to 35%, in line with expectations. Economies like India, heavily reliant on oil imports to meet energy needs, tend to have currencies that underperform in high oil price environments.On August 13, the Hong Kong Special Administrative Region (HKSAR) government held its first large-scale drill at the Hong Kong side of the Huanggang Port, testing the overall management of passenger and vehicle flow at the ports joint inspection building and public transport interchange, in preparation for the ports official opening. The HKSAR government stated that the early opening of the port is a shared goal of both the Hong Kong and Shenzhen governments, and Hong Kong will continue to work closely with Shenzhen to expedite all preparatory work. Once both sides confirm that the port meets the conditions for safe and smooth operation, the Guangdong and Hong Kong governments will finalize the official opening date and announce it to the public in due course.

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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