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Volvo Cars: 2026 will be a challenging year for the automotive industry, with the overall premium market expected to shrink.Royal Bank of Canada: Lowered its price target for Qualcomm (QCOM.O) to $150 from $180.1. Goldman Sachs: Expects interest rates to remain unchanged. In the current "Goldilocks" economic environment of trending growth, low unemployment, and inflation near target, maintaining a neutral monetary policy is undoubtedly a reasonable choice. 2. ING: Expects interest rates to remain unchanged. A stronger euro may restart discussions about the possibility of a rate cut. If the euro strengthens further, the possibility of a rate cut in March will increase. Low inflation adds leverage to dovish discussions. 3. ABN AMRO: Expects interest rates to remain unchanged. The committee tends to ignore the situation where the inflation rate is below the target level. Lagarde is expected to reiterate that no specific exchange rate target is set, and that the committee is prepared to act at any time if the impact of exchange rates becomes significant. 4. Scotiabank: Expects interest rates to remain unchanged, maintaining a neutral communication stance. Recent economic data, including the services PMI and CPI, have met expectations and have not given ECB policymakers much incentive to take action. 5. Nordea: Expects interest rates to remain unchanged, possibly until the second half of 2027, as overall price pressures remain anchored within the target range, the economy is resilient, and recent foreign exchange fluctuations are unlikely to cause excessive concern. 6. Dutch Cooperation: Expects to keep interest rates unchanged, with two rate hikes in March and June 2027. Although euro appreciation may trigger verbal intervention, the euro still has considerable room for appreciation before triggering a rate cut. 7. Societe Generale: Expects to keep interest rates unchanged, as core inflation remains above 2% and economic growth is strong. If the recent rise in oil prices continues, offsetting the deflationary effects of a stronger euro, it will reduce the urgency to adjust policy. 8. UniCredit: Expects to keep interest rates unchanged until 2027, as the economy has shown resilience. A stronger euro is unlikely to pose a significant threat to its baseline scenario. Maintaining a data-dependent and meeting-by-meeting decision-making approach is crucial for flexible action. 9. Capital Economics: Expects to keep interest rates unchanged and not change policy guidance. Inflation is likely to fall below target in the second half of the year, prompting a rate cut before the end of the year. Direct intervention is unlikely unless the euro appreciates more rapidly and significantly. 10. Amundi: Expects to keep policy unchanged. The risk of lower-than-expected inflation at the beginning of the year reinforces the view that the ECB may cut interest rates again to 1.75% later this year. 11. Berenberg: Expects to keep interest rates unchanged; current economic growth is robust and further rate cuts are not yet necessary. However, a stronger euro increases downside risks to inflation, potentially forcing a downward revision of inflation expectations and increasing the likelihood of further rate cuts in the future. 12. HSBC: Expects to remain on hold for an extended period, likely maintaining a dovish stance and possibly hinting at a willingness to act if necessary. This could put pressure on the euro/pound pair, and comments regarding a stronger euro are worth watching. 13. Deutsche Bank: Expects to keep interest rates unchanged throughout the year, with a rate hike expected by mid-2027. Further rate cuts are possible this year due to potentially lower-than-target inflation and a stronger euro, but action will only be taken if there are significant changes in the macroeconomy. 14. Morgan Stanley: Expects to keep interest rates unchanged and maintain its policy message. Policy discussions are likely to focus primarily on downside risks, with particular attention to increased trade uncertainty, economic growth momentum, and exchange rate factors.S&P Global Ratings: Japanese companies can withstand rising interest rates.February 5th - It is reported that Alibaba Group has unified the general name and core brand for AI under the name "Qianwen" (千问). The "Qianwen Big Model" (Qwen) encompasses both basic big models and specialized domain models. This move is to avoid confusion caused by the previous use of multiple names such as Qianwen, Tongyi Qianwen, and Qwen. After unification, the Alibaba big model brand will be "Qianwen Big Model" in Chinese and "Qwen" in English. Tongyi Labs is the organizational name of the Tongyi Labs under Alibaba Group.

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.