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Frances final harmonized CPI annual rate for July was 2.4%, in line with expectations and down from 2.40% previously.Frances final harmonized CPI monthly rate for July was 0.6%, in line with expectations and down from 0.60% previously.The final reading of Frances July CPI will be released in ten minutes.On August 14th, the China Motorcycle Chamber of Commerce released data showing that in July, the industry produced and sold 1.9384 million and 1.8996 million gasoline-powered motorcycles, respectively, representing month-on-month increases of 5.13% and 2.97%, and year-on-year increases of 22.32% and 18.85%. According to incomplete statistics from the Chamber, electric motorcycle production and sales reached 331,100 and 321,200 units, respectively, representing month-on-month decreases of 21.21% and 20.87%, and year-on-year increases of 10.37% and 9.5%. In July, total motorcycle production and sales reached 2.2696 million and 2.2208 million units, respectively, with production increasing by 0.24% month-on-month and sales decreasing by 1.33% month-on-month, but year-on-year increases of 20.42% and 17.4%. Domestic motorcycle sales reached 801,200 units, a month-on-month decrease of 8.15% and a year-on-year increase of 7.6%; domestic sales of gasoline-powered motorcycles reached 484,900 units, a month-on-month increase of 0.79% and a year-on-year increase of 6.03%.On August 14th, at Baidu AI Day, Baidu Wenku Cloud Drive officially announced the Chinese name of its general-purpose intelligent agent GenFlow as "KuKu AI". GenFlow has surpassed 100 million monthly active users, and its AI office MAU currently exceeds 25 million. Simultaneously, Wenku Cloud Drive announced the launch of the "KuKu AI" standalone platform, including the KuKu AI office PC client, KuKu AI web client, mini-program, and KuKu AI enterprise edition.

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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