EUR/USD 1.17872
-0.068%
Gold 4824.44
-0.355%
Oil 88.784
-0.351%
USD/JPY 158.980
0.128%
GBP/USD 1.35650
-0.007%
GBP/JPY 215.661
0.132%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Former U.S. Treasury Secretary Janet Yellen said that Federal Reserve Chair nominee Kevin Warsh lacks "credibility" in advocating for interest rate cuts.On April 15th, Zhengzhou rapeseed meal futures opened higher but then trended downwards. Canadian canola futures closed lower, with the benchmark contract down 0.1%, mainly dragged down by the continued decline in international crude oil futures. Rapeseed meal spot prices weakened, although cost support and demand gradually increased. However, expectations of concentrated arrivals of Canadian canola at ports have strengthened, and the operating rate of coastal crushing plants is steadily recovering, suggesting that rapeseed meal output is expected to increase. Therefore, rapeseed meal prices are expected to fluctuate and adjust.According to an ABC News reporter, Trump was unconcerned about Hungarian Prime Minister Viktor Orbáns defeat and expressed his appreciation for incoming Prime Minister Peter Majol.On April 15th, the General Office of the State Council issued the "Opinions on Improving the Drug Price Formation Mechanism." This morning, the State Council Information Office held a regular policy briefing. Gong Xiangguang, Director of the Department of Drug Policy and Essential Medicines System of the National Health Commission, introduced that the next step will be to establish a collaborative monitoring mechanism with relevant member units to achieve information sharing on raw materials and preparations in registration, production, procurement, and pricing, and to plan ahead to mitigate potential drug shortage risks. Comprehensive assessments will be conducted to strengthen the dynamic adjustment management of the list of drugs in short supply, especially guiding the dynamic adjustment management of provincial-level lists of drugs in short supply.Futures News, April 15th - Data released by the Petroleum Institute of Japan (PAJ) on Wednesday showed that for the week ending April 11th, Japans commercial crude oil inventories stood at 8,901,982 kiloliters, a decrease of 140,000 kiloliters from the previous weeks 9,041,982 kiloliters. The BPSD (Breakfast Processing Capacity) utilization rate for the week ending April 11th was 75.90%, compared to 74.30% the previous week. The BPCD (Breakfast Processing Capacity Designed Capacity) utilization rate was 67.80%, compared to 67.70% the previous week. Before the oil supply disruptions caused by the US-Israel-Iran conflict, Japanese refinery operating rates had exceeded 80%.

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.

Suggestion