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OpenAI: Starting next week, ChatGPT advertising will expand to 31 European countries.On August 19th, Morgan Stanley lowered its core revenue forecasts for Baidu (BIDU.O) by 1% to 9% for 2026 to 2028, and its non-GAAP operating profit forecasts by 6% to 31%, to reflect weak revenue and increased investment in artificial intelligence. The target price for Baidus US-listed shares was significantly lowered by 38.5% to $80 from $130, equivalent to a 2027 projected price-to-earnings ratio of 10x, and the rating was downgraded from "Equal-weight" to "Underweight".DecisionTable, a U.S. election forecasting organization, predicts that Democrat Mary Peltola will advance to the U.S. Senate race in Alaska.DecisionTable, a U.S. election forecasting organization, predicts that Republican Senator Sullivan will advance to the U.S. Senate race in Alaska.On August 19th, Morgan Stanley issued a report stating that Xiaomi Group (01810.HK) reported adjusted net profit of RMB 6.219 billion in the second quarter, a 43% year-on-year decrease but a 2% quarter-on-quarter increase. Revenue and gross margin from the smartphone business significantly exceeded the banks expectations, while revenue from the electric vehicle and IoT businesses slightly missed expectations. Management stated that the increase in storage prices will normalize in the second half of the year, which is expected to reduce the negative impact on smartphone gross margins. The bank expects smartphone gross margins to remain resilient in the second half of the year, becoming a positive surprise and a catalyst for revaluation. Morgan Stanley maintains its "Overweight" rating on Xiaomi with a target price of HKD 32.

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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