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Frances March industrial output monthly rate will be released in ten minutes.The New Taiwan dollar reversed its upward trend against the U.S. dollar and is now down 0.4% to 30.26.May 6, US President Trump said Moscow and Kiev want to resolve the Ukrainian conflict, while Russian President Vladimir Putin is more inclined to peace after the recent drop in oil prices. "Now that the price of oil has dropped, I think we are in a good position for reconciliation. Russia wants to reconcile and Ukraine wants to reconcile," Trump told reporters in the Oval Office on Monday. "We have come a long way and something may happen, hopefully it will. As you know, President Putin just announced a three-day ceasefire, which doesnt sound like much, but it means a lot if you know where we are coming from. This is a war that should never have happened."On May 6, UBS published a report stating that the Hong Kong Stock Exchange (00388.HK)s first-quarter revenue and profit both exceeded expectations, and pointed out that the second quarter will face a more challenging base. Last years second-quarter revenue and net profit increased by 8% and 9% year-on-year. The bank said that the average daily trading volume may increase by HK$119 billion and drive revenue and net profit to increase by 4% to 5% and 7% respectively in 2026 due to the possible delisting of Chinese concept stocks and listing in Hong Kong. However, investor feedback shows that the increase in average daily trading volume may be small, about HK$10 billion to HK$15 billion, and the increase in revenue and net profit is only 3% to 5%. In addition, due to weak market conditions and a small number of eligible companies, the valuation discount brought about by market value migration may be greater. In the short term, due to the lack of market liquidity, the transaction speed may also be low. UBS said that taking into account the market activities since the second quarter, it has raised its forecast for this years average daily turnover from HK$159 billion to HK$170 billion, lowered its operating expenses for the period by 1% each, and raised its earnings per share forecast for the period by 6%, 4% and 4% to HK$10.8, HK$9.7 and HK$9.9 respectively, and raised its target price for the Hong Kong Stock Exchange from HK$320 to HK$344, with a neutral rating.According to KCNA: A Belarusian delegation will visit North Korea this week.

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.

 

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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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