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Futures June 17 news, yesterday, due to the fermentation of the market over the weekend, the situation in the Middle East escalated, the market was mainly worried, and the oil price opened high. Then, after the longs took profits and left the market and the market continued to hear news of the situation cooling down, the crude oil price once closed down, with large intraday fluctuations. Continue to pay attention to the Middle East issue. If the situation cools down, the crude oil price is expected to continue to fall. Otherwise, the situation is not clear, and the crude oil price will maintain a wide range of fluctuations.On June 17, UBS published a research report, predicting that Chow Tai Fook (01929.HK) will have an average annual compound growth rate of 9% in earnings per share between fiscal 2026 and fiscal 2028, and the dividend yield in fiscal 2026 is expected to reach 6%. At the current price level, it is equivalent to a forecast price-earnings ratio of 14 times in the next 12 months, which is lower than the industry median of 15 times. The bank believes that Chow Tai Fook may be undervalued at present and is confident in its operating guidance for the new year. If the gold price continues to rise, there is room for an upward adjustment in the operating profit guidance. Based on the latest operating performance, performance guidance, higher same-store sales growth expectations, less gross profit margin pressure and more operating expense savings, UBS raised Chow Tai Fooks operating profit forecast for fiscal 2026 to fiscal 2027 by 20% to 21%, and its earnings per share forecast by 21% to 30%. The target price was raised from HK$12 to HK$16, and the earnings per share forecast for fiscal 2026 will increase by 51% year-on-year, mainly benefiting from the reduction in gold lending losses, as well as brand transformation and product portfolio improvement. The rating is "buy".June 17, Citigroup said that it expects gold to fall back below $3,000 an ounce in the coming quarters. Analysts including Max Layton said: "By the second half of 2026, gold will return to about $2,500-2,700 an ounce." Weaker investment demand, improved global economic growth prospects, and the Federal Reserves interest rate cuts may all lead to a decline in gold prices. They said: "We believe that investment demand for gold will weaken in late 2025 and 2026 as Trumps popularity rises and the put option on US economic growth begins to take effect, especially as the US midterm elections become the focus." In addition, "we believe that the Federal Reserve has a lot of room to lower restrictive policies to neutral." In the banks basic forecast (with a probability of 60%), gold prices are expected to consolidate above $3,000 an ounce in the next quarter and then move lower.Sources said the G7 reached a statement on the Middle East issue.Both U.S. and Brent crude oil fell by $0.8 in the short term. It was reported that Trumps team proposed to negotiate with Iran this week.

DOGE and SHIB Find Support Early on, with DOGE Eyeing a Return to $0.15

Alina Haynes

Oct 31, 2022 16:32

 截屏2022-10-31 下午4.09.43.png

 

On Sunday, dogecoin (DOGE) traded in the red for the first time in six sessions. While Elon Musk's acquisition of Twitter (TWTR) remained good for DOGE and SHIB, Fed Fear led to profit-taking ahead of Monday's session. The indications are optimistic, and DOGE investors are anticipating a recovery to $0.20.

 

On Sunday, dogecoin (DOGE) dropped 3.34 percent. DOGE concluded the week up 94.97% to $0.1177, partially retracing Saturday's 45.24% rise. DOGE avoided falling below $0.10 for the first time since May.

 

DOGE reached a mid-morning high of $0.1435 after a strong start to the day. DOGE reached a late-afternoon low of $0.1110, falling short of the First Major Resistance Level (R1) at $0.1550. Nonetheless, avoiding the First Major Support Level (S1) at $0.0857, DOGE retested $0.1199 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. Spreads on standard accounts begin at 1 pip with no additional commission fees. Spreads for index CFDs 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 Sunday, Shiba inu coin (SHIB) fell 7.74%. SHIB closed the week up 17.21% to $0.00001192, somewhat erasing Saturday's 10.33% increase.

 

Following the larger market, SHIB reached an intraday high of $0.00001393 before reversing course. SHIB fell to a late low of $0.00001159, failing to surpass the First Major Resistance Level (R1) at $0.00001489. Nonetheless, avoiding the First Major Support Level (S1) at $0.00001124, SHIB revisited $0.00001199 prior to retreating.

 

DOGE and SHIB ended the session in the negative due to the pessimistic mindset of crypto market investors. However, the decline was moderate relative to the week's gains. The acquisition of Twitter (TWTR) by Elon Musk encourages future price gains. Investors expect Twitter to support DOGE and SHIB transactions.

 

With more than 200 million monetizable daily active users, Twitter's adoption of DOGE and SHIB payments should expand dramatically. As of the 30th of October, the total number of DOGE and SHIB holders was 5.68 million.

 

While investor mood surrounding the Fed's policy announcement on Wednesday will challenge buying enthusiasm, DOGE and SHIB remain optimistic on Twitter.


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