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August 2nd - Data shows that in July, Shanghai saw 2,796 transactions of commercial residential properties (excluding affordable housing), with new residential prices rising 0.96% month-on-month, ranking first in the country. Shanghais land auction market has also maintained high activity this year, with four plots seeing premium rates exceeding 35%. Industry insiders say that the high premiums for core plots highlight the long-term value of Shanghais core areas, and the hot land market is expected to further boost homebuyers confidence. In July, Shenzhens housing market also continued its active spring trend. Data from the Shenzhen Municipal Housing and Construction Bureau shows that in July, Shenzhens new commercial residential property sales reached 3,529 units, a year-on-year increase of 32.7%; second-hand residential property sales reached 4,795 units, a year-on-year increase of 3%, accounting for about 60% of total commercial residential property transactions. From January to July this year, nearly 6,978 new and second-hand commercial apartments were sold in the city, a year-on-year increase of 60.6%.1. Monday: ① Data: Chinas July RatingDog Manufacturing PMI; Switzerlands July CPI (MoM); Frances July Manufacturing PMI (Final); Germanys July Manufacturing PMI (Final); Eurozones July Manufacturing PMI (Final); UKs July Manufacturing PMI (Final); US July S&P Global Manufacturing PMI (Final); US July ISM Manufacturing PMI; US June Construction Spending (MoM). ② Holiday: Toronto Stock Exchange closed. 2. Tuesday: ① Data: US June Trade Balance; US June JOLTs Job Openings; US June Factory Orders (MoM). ② Event: FMS 2026 Flash Memory Summit held August 4-6, attended by storage giants such as Samsung and SK. 3. Wednesday: ① Data: US API crude oil inventories for the week ending July 31; Chinas July RatingDog Services PMI; Frances June industrial production month-on-month; Frances July services PMI final reading; Germanys July services PMI final reading; Eurozones July services PMI final reading; UKs July services PMI final reading; Eurozones June PPI month-on-month; US July ADP employment change; US July S&P Global Services PMI final reading; US July ISM Non-Manufacturing PMI; US EIA crude oil inventories for the week ending July 31; US EIA Cushing, Oklahoma crude oil inventories for the week ending July 31; US EIA Strategic Petroleum Reserves for the week ending July 31. ② Events: Saudi Aramco releases its official crude oil prices around the 5th of each month. ③ Earnings Reports: AMD, SpaceX (Tuesday after US stock market close). 4. Thursday: ① Data: Switzerlands July seasonally adjusted unemployment rate; Eurozones June retail sales month-on-month; US July Challenger job cuts; US initial jobless claims for the week ending August 1; US July global supply chain stress index; US June wholesale sales month-on-month; US EIA natural gas storage for the week ending July 31. ② Event: SoftBank Group releases its Q1 2026 earnings report. 5. Friday: ① Data: Frances Q2 ILO unemployment rate; Germanys June seasonally adjusted industrial production month-on-month; Germanys June seasonally adjusted trade balance; UKs July Halifax seasonally adjusted house price index month-on-month; Frances June trade balance; Switzerlands July consumer confidence index; Canadas July employment change; US July unemployment rate; US July seasonally adjusted non-farm payrolls; US July average hourly earnings year-on-year; US July average hourly earnings month-on-month; US July New York Fed 1-year inflation expectations; Chinas July trade balance in US dollars; Chinas July foreign exchange reserves; Chinas July trade balance. ② Events: 2028 FOMC voting member and St. Louis Fed President Musaleem speaks on the US economy and monetary policy; 2027 FOMC voting member and Richmond Fed President Barkin speaks. 6. Saturday: ① Data: Total number of US oil rigs for the week ending August 7. 7. Sunday: ① Data: Chinas July CPI year-on-year rate.On August 2nd, Abdullah Bandar al-Etabi, Assistant Professor of International Affairs at Qatar University, stated that it is too early to judge the direction of the situation following Trumps latest statement regarding Iran. In this game, neither side has shown any sign of backing down on their respective positions. Taking the Strait of Hormuz as an example, Iran has not softened its stance, and the threat of a wider conflict remains. However, the latest developments have bought more time for diplomacy. There is now more time for Iran to cooperate with regional countries to reach some kind of arrangement on the Strait of Hormuz issue and get diplomacy back on track.On August 2nd, the Department of Urban Construction of the Ministry of Housing and Urban-Rural Development held a special meeting with relevant provincial and municipal officials to discuss the prevention of gas safety accidents. The meeting emphasized that gas safety is a matter of vital interest to the people, and the accidents exposed significant weaknesses in the gas safety work of the relevant provinces and cities. The relevant provinces and cities must learn profound lessons from these accidents, draw inferences from one instance to others, and take targeted measures to improve their local gas safety management. The meeting also required that relevant provinces and cities comprehensively strengthen the special campaign to rectify urban gas safety, expedite the implementation of systems such as bottled liquefied petroleum gas delivery to households and on-site safety inspections, and accelerate the elimination of safety hazards related to cylinders, pipes, stoves, and valves at the user end. They should continue to leverage the role of the special task force for urban gas safety rectification, further promote the comprehensive rectification of the entire gas safety "one-stop" service, and accelerate the establishment and improvement of a long-term mechanism for gas safety management.The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has expressed concern over attacks on energy infrastructure.

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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