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According to RIA Novosti, Russian air defense forces shot down 22 Ukrainian drones last night.On November 12th, Baili Tianheng (02615.HK), which was conducting its IPO from November 7th to noon on November 12th and originally expected to list on November 17th, announced in a midday announcement that, given the current market conditions and after consulting with the overall coordinator, the company has decided to postpone the global offering and will not proceed according to the prospectus. The international underwriting agreement will not be entered into, and the public offering underwriting agreement will not be unconditional. Baili Tianheng stated that application funds will be refunded on November 17th (next Monday). As of 10:00 AM today, based on brokerage data estimates, Baili Tianhengs margin financing amounted to approximately HK$6.33 billion, representing an oversubscription of approximately 17.8 times based on the public offering fundraising amount of HK$336 million. Baili Tianheng stated that the decision to postpone the global offering will not affect the companys current business, and the company is committed to developing and expanding its business. Meanwhile, the company and its overall coordinator are carefully evaluating a revised timetable for the global offering and listing.Federal Reserve Governor Barr made no comments on monetary policy or the economic outlook in his speech in Singapore on preparations for artificial intelligence.Bama Tea (06980.HK) rose more than 30% at one point during the day, but the gains have now fallen back to 16%, which is poised to end its previous eight-day losing streak.On November 12th, CCB International issued a report maintaining its target price of HK$102 and "Outperform" rating for Sunny Optical Technology (02382.HK). The bank stated that its forecasts for the company in fiscal years 2025/2026/2027 remain largely unchanged. It believes the companys long-term investment remains healthy, primarily based on its industry-leading technology and solid customer base. Non-mobile phone products have gradually become the companys main growth and profit driver. Automotive lenses are experiencing strong growth, mainly benefiting from the companys dominant market position. Meanwhile, specification upgrades are continuously being launched, with the proportion of 8-megapixel cameras increasing. Furthermore, high-end products, including Advanced Driver Assistance Systems (ADAS) and intelligent headlights, are also contributing to sales growth and profitability thanks to leading technologies.

SHIB Targets $0.00000950 As DOGE Struggles to Reconsider $0.0900

Alina Haynes

Nov 24, 2022 14:52

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On Wednesday, Dogecoin (DOGE) and shiba inu coin (SHIB) joined the broader cryptocurrency market in the green for the second straight session. DOGE and SHIB appreciated as a result of an improvement in mood concerning FTX contagion risk and Fed monetary policy. Nevertheless, the technical indications remain gloomy, with the EMAs indicating a potential pullback.

 

On Wednesday, the price of dogecoin (DOGE) increased by 4.20 percent. Tuesday's close price of DOGE was $0.0818, following a 5.23% increase. Notably, DOGE averted a daily close below $0.0800 for the first time in four sessions.

 

DOGE fell to an early low of $0.0777 due to a mixed start to the day. DOGE surged to an early high of $0.0835 without touching the First Major Support Level (S1) at $0.0744. At $0.0911, DOGE surpassed the First Major Resistance Level (R1) before retreating.

 

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. Standard account gives spreads from 1 pips with no additional commission charges. CFD index spreads begin at 0.4 points. The information on this site is not directed at residents in any nation or jurisdiction where such distribution or use would be contrary to local law or regulation.

 

However, a bullish afternoon caused DOGE to reclaim R1 and close the day at $0.0818.

 

On Wednesday, the price of Shiba inu coin (SHIB) increased by 2.72 percent. Tuesday's closing price of SHIB was $0.00000905, following a 4.76% increase.

 

Following the market as a whole, SHIB plummeted to an early low of $0.000000874. SHIB rose to an early high of $0.00000910 while avoiding the First Major Support Level (S1) at $0.00000838. SHIB broke over the First Major Resistance Level (R1) at $0.00000904 before easing back to sub-$0.00000890.

 

However, a bullish session close caused SHIB to reclaim R1 and close the day at $0.00000905.

 

FTX contagion risk diminished significantly on Wednesday, providing assistance to DOGE, SHIB, and the broader market. Hopes of FTX assets reducing the impact on creditors continued to provide price support mid-week.

 

However, the FOMC meeting minutes later in the day provided support for riskier markets. The FOMC meeting minutes revealed members' consideration of lesser rate hikes, bolstering market expectations of a Fed policy reversal in December.

 

In response to the minutes, the likelihood of a 75-basis point rate hike in December decreased from 24.2% to 19.0%. The greater chance of a 50-basis-point rate hike provided more support for the NASDAQ. On Wednesday, the NASDAQ Composite Index climbed by 0.99%.


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