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February 5th - TSMC (TSM.N) Chairman C.C. Wei announced today that its second fab in Kumamoto, Japan, will be converted to produce 3-nanometer advanced semiconductors. According to reports, TSMC will discuss a new production plan with its Japanese partners, with the total investment expected to increase to US$17 billion. TSMCs second fab in Kumamoto was originally planned with an investment of US$12.2 billion, producing 6- to 12-nanometer semiconductors. In its January earnings call, the company stated that construction of its second wafer fab in Japan had begun, and that "the technology and capacity ramp-up schedule will be determined based on customer demand and market conditions." TSMC currently produces 3-nanometer chips in Taiwan and plans to produce 3-nanometer chips at its second wafer fab in Arizona, USA, in 2027.On February 5th, Tesla Vice President Tao Lin stated on Weibo that by 2025, the Shanghai Gigafactorys delivery volume will reach more than half of Teslas global delivery volume, and the energy storage Gigafactorys production capacity will also begin to supply multiple markets at home and abroad. This achievement is inseparable from the joint efforts of everyone.Piper Jaffray: Raises its price target for Alphabet (GOOG.O) from $365 to $395.China Duty Free Group (01880.HK) surged more than 2.7% in the short term; the news came from the Ministry of Finances announcement of a "zero tariff" policy for imported goods for consumption by residents of the Hainan Free Trade Port.TSMC (TSM.N): Will produce 3-nanometer advanced chips at its second Japanese wafer fab in Kumamoto.

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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