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September 14th - According to CMEs "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by September is 13.8%, and the probability of a cumulative rate hike of 25 basis points is 86.2%. The probability of the Federal Reserve keeping interest rates unchanged by October is 6.9%, the probability of a cumulative rate hike of 25 basis points is 50.1%, and the probability of a cumulative rate hike of 50 basis points is 42.9%.On September 14th, Argentine Defense Minister Carlos Alberto Presti stated on the 13th that the US government has not taken sides in the sovereignty dispute over the Falkland Islands (Malvinas Islands). In a media interview on the 13th, Presti said that the US government supports a peaceful resolution to the Falklands sovereignty dispute and has not favored Argentina or the UK.On September 14th, according to the Financial Times, British Prime Minister Burnham will pledge to business leaders on Monday that the government will be a "partner in economic growth" and acknowledges the need for a cultural shift in the UK to encourage entrepreneurship. He will hold a roundtable discussion with entrepreneurs from sectors such as artificial intelligence, fintech, healthtech, manufacturing, and quantum computing, followed by a reception hosted by executives from several large companies at Downing Street. Downing Street stated that the event will focus on how the government can streamline the processes of starting, developing, and investing, while ensuring that any resulting economic benefits reach local communities. On Sunday, Burnham said that the UK has the talent, universities, and visionary communities needed for success, but to unlock its full potential, "We need a cultural shift in how businesses operate in the UK."Conflict Update: 1. Yemeni government forces claim Houthi offensive has resulted in thousands of casualties on both sides. 2. An Iranian cargo ship was attacked near the Strait of Hormuz, resulting in one death and four injuries. 3. Several explosions were heard in the Sirik region of Hormozgan province, Iran; the source of the explosions is unclear. 4. Yemeni government armed forces: have recaptured positions in western Taiz previously infiltrated by Houthi forces. Strait of Hormuz: 1. British Maritime Authority: A ship was attacked in the Strait of Hormuz. 2. US Energy Secretary: Dont expect a breakthrough in the Strait of Hormuz situation anytime soon. 3. A meeting between Iran and Gulf states scheduled for Monday regarding navigation in the strait has been postponed. 4. US Central Command: As of September 13, US forces had diverted 101 merchant ships. Other Updates: 1. Houthi forces claim navigation in the Bab el-Mandeb Strait is largely normal. 2. Trump hinted at not ruling out remaining in Iran and taking its crude oil, drawing parallels with Venezuela. 3. Iranian Foreign Ministry: Iranian Foreign Minister meets with Cuban Foreign Minister. 4. Iran says the US and Europe urged the IAEA to pressure Iran. 5. Sources: Saudi pipeline disruption could cause a 4% loss in global oil supply. 6. Iranian President: Iran will never surrender; Iran and Saudi Arabia are not at war. 7. Meeting between UAE and Iranian leaders intensifies efforts to resolve the Hormuz deadlock. 8. Iranian President: Talks with the Crown Prince of Abu Dhabi were good; they agreed to put the past behind them. 9. UAE Foreign Minister confirms to Iraqi Foreign Minister that the UAE supports all measures that contribute to strengthening Iraqs security and stability. According to an Axios global affairs reporter, a senior official from a Gulf state said that Saudi Arabia has submitted revisions to the Oman-Iran proposal regarding the Strait of Hormuz, as Saudi Arabia is concerned that the proposed wording could effectively establish a new status quo in the strait, which is unacceptable to Saudi Arabia and other GCC countries.

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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