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New York gold futures extended gains to 1.00% on the day, currently trading at $4,955.50 per ounce.According to futures news on February 18th, as of the week ending February 14th, Japanese commercial crude oil inventories decreased by 364,589 kiloliters from the previous week to 9,712,459 kiloliters. Japanese gasoline inventories increased by 82,325 kiloliters from the previous week to 1,706,551 kiloliters. Japanese kerosene inventories decreased by 177,598 kiloliters from the previous week to 1,455,421 kiloliters. The average operating rate of Japanese refineries was 89.0%, compared to 89.2% the previous week.February 18th - According to data from Maoyan Professional Edition, the total box office of new films released during the 2026 Spring Festival has exceeded 1.7 billion yuan. "Pegasus 3", "Silent Assassination", and "Boonie Bears: The Big Adventure" are currently ranked as the top three films in the Spring Festival box office chart.On February 18th, Goldman Sachs economists stated in a report that the Reserve Bank of New Zealands monetary policy statement, particularly its forward guidance, was more dovish than expected. While the market had already factored in a 40 basis point increase in the official cash rate by 2026, the central bank indicated that policy settings are likely to remain accommodative for some time. Economists noted that the RBA conveyed confidence that inflation will fall back to the mid-2% range over the next 12 months, but also warned of the recent unexpected rise in overall inflation. Given the large amount of spare capacity in the economy, Goldman Sachs expects a strong economic recovery while inflationary pressures will remain moderate. They stated, "We believe the RBAs statement today is consistent with the view that the banks first rate hike will be postponed to the fourth quarter of 2026."New York gold futures touched $4,950 per ounce, up 0.90% on the day.

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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