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Iranian media: A powerful explosion occurred in Tehran.On March 14, US President Trump stated that the US military would launch a "fierce airstrike" against Iran next week. He declined to comment on whether the US was attempting to seize Kharg Island, Irans oil export hub. Trump stated that the US does not need Ukraines anti-drone technology to defend against Iranian drones. Previously, reports indicated that the US was considering seizing Kharg Island, located in the Persian Gulf, as military action against Iran continued. Kharg Island is Irans largest crude oil export base, handling 90% of the countrys oil exports. In an interview on March 13, Trump refused to answer related questions, stating that seizing Kharg Island was "not a priority." Trump reiterated in the interview that the US military would escort oil tankers through the Strait of Hormuz if necessary.On March 14th, the Afghan Ministry of Defense announced that on the afternoon of the 13th, local time, a drone strike targeted a key military center in Islamabad, the capital of Pakistan. The Ministry stated that the attack caused significant casualties and property damage in Pakistan. Later that day, Pakistans Ministry of Information and Broadcasting stated that Pakistani security forces successfully intercepted two makeshift drones operated by a government-backed "terrorist organization." Aside from minor damage caused by debris from the crashed drones, no military or other infrastructure was damaged.March 14th - As of 2:30 PM closing, the Shanghai Gold futures contract fell 1.31% to 1127 yuan/gram, the Shanghai Silver futures contract fell 4.59% to 20682 yuan/kilogram, and the SC Crude Oil futures contract rose 4.47% to 787 yuan/barrel.March 14th - As Middle Eastern crude oil supplies are stuck in the Persian Gulf, Asian refiners are scrambling for alternatives, and a Thai refiner has made a rare move by purchasing Forties crude oil from Trafigura. A trader familiar with the matter revealed that Trafigura sold a shipment of approximately 700,000 barrels of crude oil, with loading scheduled for late March. This marks the first time a Thai company has purchased North Sea crude oil since Bloomberg began tracking the data in 2019. Sources indicated that the cargo will be transported to Thailand via an Aframax tanker, which typically carries 600,000 to 700,000 barrels of crude oil. North Sea crude oil is usually transported to Asia on supertankers, but record freight rates have reduced the economic viability of large tankers.

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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