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The Hang Seng Tech Index has turned positive after falling more than 2% earlier; the Hang Seng Index is currently up 0.1%.On July 14, the Iranian Islamic Revolutionary Guard Corps issued a statement on social media saying that it had attacked multiple weapons support warehouses, a satellite communications center, and a U.S. military base in Bahrain with missiles and drones.The yield on Japans two-year government bonds fell 1.0 basis point to 1.435%. The yield on Japans 20-year government bonds fell 4 basis points to 3.705%.July 14th Futures News Commentary by Guangda Futures: On July 13th, COMEX gold prices plummeted during the session, closing at $4008.7 per ounce, a drop of 2.55%. Domestic SHFE gold prices fluctuated and declined in the night session, closing at 873.26 yuan per gram, a drop of 2.12%. 1. The market refocused on Middle East geopolitics. With the resumption of hostilities between the US and Iran and no signs of cessation, the risk of navigation through the Strait of Hormuz is increasing. Oil prices rebounded rapidly, and the market returned to trading based on the simultaneous rise in inflation stickiness and interest rate expectations, further suppressing precious metals. According to a report in the New York Times on the 13th, Trump stated on Monday that he had notified Congress of the renewed outbreak of hostilities with Iran and that the US would resume its naval blockade against Iran. Market risk appetite was suppressed, and gold prices continued to fall. Furthermore, the weakening AI narrative further compressed market liquidity, suppressing gold price movements. 2. Regarding the Federal Reserve, Fed Governor Waller stated that if core inflation remains high, the Fed may need to raise interest rates, with the probability of a July rate hike slightly increasing. This week will see the release of US June CPI and PPI data, coinciding with Warshs first congressional appearance. The market is concerned that stronger-than-expected data could reinforce Warshs hawkish rhetoric. Overall, golds price action has been characterized by a weak decline and subsequent correction, indicating that its current bottoming-out consolidation is not stable. With geopolitical factors and Fed policy repeatedly intertwined, there is significant divergence between bulls and bears, requiring continued caution.The State Council Information Office will hold a press conference in ten minutes on the import and export situation in the first half of 2026.

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.