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On January 28th, according to futures market news: 1. WTI crude oil futures trading volume was 1,070,018 lots, an increase of 331,219 lots from the previous trading day. Open interest was 2,036,077 lots, an increase of 32,401 lots from the previous trading day. 2. Brent crude oil futures trading volume was 208,054 lots, an increase of 55,495 lots from the previous trading day. Open interest was 267,545 lots, an increase of 10,832 lots from the previous trading day. 3. Natural gas futures trading volume was 923,107 lots, a decrease of 177,024 lots from the previous trading day. Open interest was 1,626,209 lots, a decrease of 7,743 lots from the previous trading day.1. Nomura: Powell is not expected to give a clear signal on future rate cuts, and may reiterate that current policy is "in good shape," adding that current interest rates are "within a neutral and reasonable range." 2. Morgan Stanley: Powell is expected to rely on recent strong economic data, stable hiring, and declining unemployment to justify a pause in rate cuts. 3. Bank of America: Powell is expected to use cautious language, and investors will closely watch his assessment of the December unemployment rate decline and his view on whether strong economic growth is consistent with higher neutral interest rates. 4. Rabobank: Powell may be asked about forward guidance such as the timing and conditions of the next rate cut. He will likely use the default phrase of "meeting-by-meeting" and "data-dependent," but may further elaborate on the criteria for rate cuts. Powell may also be asked about his court subpoena, and he may be more hawkish than in previous press conferences. 5. Allianz: Market focus will be on the strength of Powells response to recent government challenges to the Feds independence, which may have a greater market impact than the interest rate decision itself. 6. First US Financial: Powell is likely to emphasize that last years cumulative rate cuts have given the Fed more room for maneuver, while closely monitoring the latest data and broader funding conditions. Further rate cuts are still possible later this year if inflation continues to moderate or economic growth slows more than expected.On January 28th, the Ministry of Industry and Information Technology (MIIT) released the 2025 Statistical Bulletin on the Communications Industry. By the end of 2025, my country had 4.838 million 5G base stations, accounting for 37.6% of all mobile phone base stations, with an average of 34.4 5G base stations per 10,000 people, exceeding the main development target of the 14th Five-Year Plan by 8.4. The construction of gigabit networks has been significantly advanced, with 31.62 million 10GPON ports capable of providing gigabit network services, reaching 2.6 times the main development target of the 14th Five-Year Plan. The pilot deployment of 5G-A and 10-gigabit networks has been accelerated, with 2.064 million 5G RedCap base stations. 5G-A coverage has reached over 330 cities, and the first batch of 168 residential communities, factories, and industrial parks have successfully completed their 10-gigabit optical network pilot deployments.U.S. natural gas futures fell 3.00% on the day, currently trading at $3.705 per million British thermal units.Standard Chartered Bank: A weaker dollar and a sharp rise in gold and silver prices supported copper prices.

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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