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August 21 - According to Israeli media reports on the 20th, the European Union is preparing to impose a package of sanctions on Israel, covering commercial, academic, and security sectors, due to Israels progress in its "E1 Zone" settlement construction plan in the West Bank. Israels Channel 13 television, citing two diplomatic sources, reported that the EUs preliminary sanctions list includes labeling products imported from Israel, reducing academic cooperation with Israel, and halting certain security and diplomatic cooperation with Israel.Canadas statement: The Canadian Minister responsible for Canada-U.S. trade relations will meet with U.S. Trade Representative Greer in Washington, D.C., at 10:30 a.m. ET today (10:30 p.m. Beijing time) on Friday.On August 21, the General Office of the Shanghai Municipal Peoples Government issued the "Shanghai Comprehensive Transportation Development 15th Five-Year Plan". The plan proposes to deepen the integration and application of cutting-edge technologies, conduct pilot explorations of unmanned transportation models, continuously promote the construction of a high-level autonomous driving leading area, and actively promote the large-scale application of L4 and above autonomous driving technologies in scenarios such as intelligent buses, intelligent heavy trucks, and intelligent taxis. It also aims to promote the full coverage of BeiDou navigation satellite system applications in the transportation sector. Furthermore, it explores the planning and construction of low-altitude infrastructure such as low-altitude public air routes, ensuring coordinated planning and organic integration with transportation infrastructure; continuously improves the low-altitude air traffic service guarantee capabilities; promotes the precise supply and efficient utilization of low-altitude airspace; and supports the orderly development of low-altitude logistics and distribution.On August 21, Helio Technology (01879.HK) released its first financial report since its listing. This interim report disclosed the latest R&D progress of Helio Technologys next-generation 256×256 optoelectronic hybrid computing chip, PACE3. The company mentioned that both the PIC (optical chip) and EIC (electrical chip) of the next-generation optoelectronic hybrid computing chip PACE3 have been taped out, and the PIC has been delivered to the foundry for further system verification.Iran has stated it will respond to enemy threats with devastating action, keeping international oil prices high. A quick overview of the pre-market crude oil prices (converted between domestic and international markets) in a chart.

DOGE Requires Weak US Inflation, and Elon Musk Will Return to $0.10

Alina Haynes

Dec 09, 2022 15:16

dogecoin-6363104__480.jpg

 

It has been a mixed beginning to the day. Today's attitude will be influenced by investor anxiety regarding Twitter's integration intentions and Federal Reserve monetary policy.

 

On Thursday, dogecoin (DOGE) appreciated by 2.92 percent. DOGE concluded the day at $0.0986, partially reversing Wednesday's 4.49% decline. Notably, for the first time in 12 sessions, DOGE failed to revisit $0.10.

 

After a rocky start to the day, DOGE dropped to a low of $0.0948 in the early hours. DOGE surged over the First Major Support Level (S1) at $0.0921 to reach a late-day high of $0.0991. DOGE ended the day below $0.0990 after failing to surpass the First Major Resistance Level (R1) at $0.1004

 

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On Thursday, Shiba inu coin (SHIB) appreciated by 1.98%. SHIB finished the day at $0.00000927, partially reversing Wednesday's loss of 2.15%.

 

A mixed morning caused SHIB to drop to an early low of $0.0000009 per share. SHIB surged to a late-day high of $0.00000933 after avoiding the First Major Support Level (S1) at $0.00000891. Upon encountering the First Major Resistance Level (R1) at $0.00000932, SHIB retreated to close below $0.00000930.

 

Following a volatile morning session, economic indices in the United States provided much-needed support. A slight increase in unemployment claims bolstered the likelihood of a December Fed reversal. The Jobs Report from last week increased uncertainties regarding the next policy step.

 

The NASDAQ Composite Index increased by 1.13 percent, providing support for DOGE and SHIB.

 

The day's gains were capped by the absence of an update from Elon Musk on his plans to resume integrating DOGE onto the Twitter network.

 

Today, the attention will continue on the US economic calendar, as wholesale inflation and consumer confidence are forthcoming. A sudden increase in wholesale inflation might cast doubt on the Fed's pivot theory and cause DOGE and SHIB to reverse.


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