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On August 20th, Samsung Foundry updated its technology roadmap at SAFE Forum 2026, adjusting its 1.4nm mass production timeline. It now anticipates mass production in 2029, approximately one year later than TSMC (TSMCs A14 is scheduled to enter mass production in 2028). Samsung Foundry initially released a press release in 2022 announcing mass production of its 2nm process in 2025 and its 1.4nm process in 2027.On August 20th, Daiwa Securities issued a report stating that Kuaishous (01024.HK) second-quarter results met expectations, but the company faces significant downward pressure in the second half of the year, with both revenue and profitability potentially falling short of market consensus. The bank lowered its 2026 net profit forecast for the company by approximately 40%. Daiwa downgraded Kuaishous rating by two notches from "Buy" to "Hold," lowering its adjusted earnings per share forecasts for 2026 to 2028 by 39% to 43%, and correspondingly reducing its target price by 44.4% from HK$72 to HK$40. Daiwa expects Kuaishous core business to continue to deteriorate in the second half of the year, particularly in online marketing and "other services" (including e-commerce commissions and Keling AI). Full-year 2026 online marketing revenue is projected to decline by 1% year-on-year, live streaming revenue by 16%, with only "other services" revenue growing by 10% year-on-year, resulting in an overall revenue decline of 3.5% year-on-year. The gross margin is expected to decrease from 55% in 2025 to 51% in 2026, and the adjusted net profit margin will also decrease significantly from 14.5% to 7%, equivalent to approximately RMB 9.5 billion.Germanys July PPI month-on-month rate and Switzerlands July trade balance will be released in ten minutes.On August 20th, according to US sources on the 19th, the US Department of Defense updated its casualty statistics, showing that since the US military action against Iran on February 28th, 18 US soldiers have been killed and 757 wounded. The report stated that four dead and dozens of wounded personnel had disappeared from the statistics in the US Defense Casualty Analysis System before reappearing, drawing criticism from the media and lawmakers. The US Department of Defense responded on social media, stating that this was due to a "temporary data interruption." Furthermore, regarding the Pentagons slow disclosure of wounded personnel information throughout the Iran conflict, the official explanation was "security needs."On August 20th, Citigroup released a research report stating that the supply and demand situation in core mainland cities is becoming healthier. Driven by continued strong market transactions, sales growth for mainland property stocks is expected to accelerate in September. Furthermore, the recent revision of the "Housing Provident Fund Management Regulations" by the State Council, expanding the uses of withdrawals to include home renovation and property management fees, will benefit the property management industrys fee collection and value-added service business development. The bank believes that numerous developers will launch more new projects in September, potentially driving a surge in the mainland property sector from August to October. Top picks include China Overseas Land & Investment (00688.HK), Jianfa International (01908.HK), China Resources Land (01109.HK), Beike-W (02423.HK), and China Jinmao (00817.HK).

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

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. CFD index spreads 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 Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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