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February 6th, Futures News – According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed slightly lower on Thursday, with the benchmark contract essentially flat, mainly dragged down by a decline in international crude oil prices and weak export sales data. Traders said the decline in international crude oil futures unlocked arbitrage opportunities in the soybean oil/soybean meal trade, and weak soybean oil export sales data put pressure on the soybean oil market. However, the clarification of the US biofuel blending policy and a bright demand outlook limited the downside potential for soybean oil. The US Department of Agricultures weekly export sales report showed that for the week ending January 29, 2026, net sales of US soybean oil for the 2025/26 marketing year were 1,000 tons, down 96% from the previous week and 95% from the four-week average.February 6th - A CICC research report states that while the Federal Reserve may find it difficult to "shrink" its balance sheet in the short term, the threshold for continued "balance sheet expansion" and QE has clearly risen. If the Fed is unwilling to support fiscal easing through "balance sheet expansion," a new temporary monetary-fiscal coordination approach might be for the Fed to increase interest rate cuts and the Treasury to increase short-term debt issuance, first promoting financial deregulation, and then initiating the "balance sheet reduction" process. The Feds final interest rate cuts may exceed market expectations, and the dollar easing trade may return in the short term. A steepening US Treasury yield curve coupled with financial deregulation is beneficial to US bank stocks. The Fed may determine the end of the gold bull market, but this turning point has not yet arrived. Chinese stocks and global commodities are only temporarily under pressure, awaiting the return of easing expectations.Reserve Bank of Australia Governor Bullock: The risks are more skewed toward inflation, and we are responding to that.Reserve Bank of Australia Governor Bullock: Inflation is slightly high and has some stickiness.Reserve Bank of Australia Governor Bullock: The labor market is still performing very well, which is good news.

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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