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On April 16, White House advisor and senior Trump aide Stephen Miller stated in an interview with Fox News that the United States could continue its blockade of Iranian ports "indefinitely." Miller stated that Trump is "a peace-loving man," but added that the United States has made its position clear: "The United States will not be bullied, and the United States will never be threatened by a nuclear-armed Iran. Not now, and never." Miller stated, "A military action could completely destroy Irans energy infrastructure for generations. But Trump has made it clear that he doesnt want to do that. He hopes Iran will choose the right path to reach an agreement. This blockade is severely damaging the Iranian regimes economic strength, and the United States has the ability to maintain this blockade indefinitely, provided that Iran chooses the wrong path."Malaysian Prime Minister: Petronas has assured that Australia will be given priority once domestic demand is met.The EU climate commissioner warned that energy prices in Europe have risen “astoundingly” and there are no economic “workarounds,” and that the recent crisis demonstrates the need for green investments to reduce dependence on imported fossil fuels.April 16th - The Nikkei 225 index is poised to close at a new high, erasing losses from the Iran war. Market optimism suggests new peace talks could accelerate the end of the conflict. The Nikkei 225 reached 59,549.59 points in early trading, above its all-time closing high of 58,850.27 points set on February 27th. Export-related stocks, including those in the automotive, electronics, and information technology sectors, performed well, while real estate and food stocks declined. Global markets are expected to recover to pre-Iran war levels. The S&P 500 and Nasdaq 100 both hit record highs. Meanwhile, the US and Iran are considering extending the ceasefire agreement for two weeks to allow more time for negotiations. "New information is coming in, which helps stabilize market sentiment regarding the Middle East situation," said Masaki Ito, senior strategist at Nomura Securities. He expects Japanese stocks to move in tandem with US stocks.The UK and the EU plan to begin negotiations soon to include the UK in the EU’s newly established multi-billion euro technology fund as part of efforts to reshape relations and boost the UK economy.

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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