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Hong Kongs Hang Seng Index closed at 23,916.06 points on July 4 (Friday), down 153.88 points, or 0.64%. Hong Kongs Hang Seng Tech Index closed at 5,216.26 points on July 4 (Friday), down 17.45 points, or 0.33%. The CSI 300 Index closed at 8,609.27 points on July 4 (Friday), down 39.17 points, or 0.45%. The H-share Index closed at 4,091.81 points on July 4 (Friday), down 5.65 points, or 0.14%.At the close of Hong Kong stocks, the Hang Seng Index closed down 0.64% and the Hang Seng Tech Index closed down 0.33%.Futures July 4 news, last nights non-agricultural data was unexpectedly better than expected, the number of new jobs rebounded, the unemployment rate fell, and the initial jobless claims, PMI and other data also showed good resilience. The markets expectations for the Feds future interest rate cuts were adjusted again, which put pressure on precious metals to adjust back during the session, but silver performed more strongly relative to gold, perhaps due to the return of the gold-silver ratio and further driven by fundamental factors. However, as the trade negotiation deadline set by the Trump administration is gradually approaching, and as the "Big and Beautiful" bill continues to advance, the debt and deficit problems of the United States may further deepen in the future, so it is expected that precious metals will continue to maintain a strong trend overall.On July 4, the State Administration for Market Regulation revised and issued the national standard "Special Requirements for Intelligent Technology Refrigerators for Smart Household Appliances", which will be officially implemented on December 1, 2025. The standard stipulates the data management specifications, intelligent function requirements and supporting test methods for smart refrigerators, and proposes the calculation of the intelligent index and the star rating system.Italys retail sales annual rate was 1.3% in May, compared with 3.70% in the previous month.

DOGE Requires Weak US Inflation, and Elon Musk Will Return to $0.10

Alina Haynes

Dec 09, 2022 15:16

dogecoin-6363104__480.jpg

 

It has been a mixed beginning to the day. Today's attitude will be influenced by investor anxiety regarding Twitter's integration intentions and Federal Reserve monetary policy.

 

On Thursday, dogecoin (DOGE) appreciated by 2.92 percent. DOGE concluded the day at $0.0986, partially reversing Wednesday's 4.49% decline. Notably, for the first time in 12 sessions, DOGE failed to revisit $0.10.

 

After a rocky start to the day, DOGE dropped to a low of $0.0948 in the early hours. DOGE surged over the First Major Support Level (S1) at $0.0921 to reach a late-day high of $0.0991. DOGE ended the day below $0.0990 after failing to surpass the First Major Resistance Level (R1) at $0.1004

 

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On Thursday, Shiba inu coin (SHIB) appreciated by 1.98%. SHIB finished the day at $0.00000927, partially reversing Wednesday's loss of 2.15%.

 

A mixed morning caused SHIB to drop to an early low of $0.0000009 per share. SHIB surged to a late-day high of $0.00000933 after avoiding the First Major Support Level (S1) at $0.00000891. Upon encountering the First Major Resistance Level (R1) at $0.00000932, SHIB retreated to close below $0.00000930.

 

Following a volatile morning session, economic indices in the United States provided much-needed support. A slight increase in unemployment claims bolstered the likelihood of a December Fed reversal. The Jobs Report from last week increased uncertainties regarding the next policy step.

 

The NASDAQ Composite Index increased by 1.13 percent, providing support for DOGE and SHIB.

 

The day's gains were capped by the absence of an update from Elon Musk on his plans to resume integrating DOGE onto the Twitter network.

 

Today, the attention will continue on the US economic calendar, as wholesale inflation and consumer confidence are forthcoming. A sudden increase in wholesale inflation might cast doubt on the Fed's pivot theory and cause DOGE and SHIB to reverse.


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