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On January 20th, US President Trump posted on social media: "It is appalling that our brilliant NATO ally, the United Kingdom, is now planning to hand over Diego Garcia—home to a vital US military base—to Mauritius, without any justification. This is an incredibly foolish act by the UK to relinquish such important territory, and yet another example of the national security justification for us to reclaim Greenland. Denmark and its European allies must make the right choice." The Chagos Archipelago, located in the heart of the Indian Ocean, holds a crucial geographical position. Its core island, Diego Garcia, is a vital military base jointly built and operated by the US and UK. Last May, British Prime Minister Starmer signed an agreement formally transferring sovereignty of the Chagos Archipelago to Mauritius. As a key Anglo-American military base in the Indian Ocean, the Diego Garcia military base in the Chagos Archipelago played a crucial role in the Gulf War, the Afghan War, and military deterrence against Iran, and was considered an "unsinkable aircraft carrier" for the Anglo-American forces in the central Indian Ocean.According to a report by Kyodo News citing the Japanese Ministry of Foreign Affairs, Japanese Prime Minister Sanae Takaichi has received an invitation to join Trumps Gaza Peace Committee.On January 20, Xiong Jijun, Vice Minister of Industry and Information Technology, met with Colombian Vice Minister of Information Technology and Communications, Perdomo, in Beijing to exchange views on deepening industrial cooperation in the information and communication field. Xiong Jijun stated that China and Colombia have maintained friendly cooperation in the information and communication sector for a long time, achieving fruitful results and making positive contributions to the development of the China-Colombia strategic partnership. China is willing to work with Colombia to fully implement the consensus reached at the meeting between the two heads of state, encourage enterprises from both countries to deepen pragmatic cooperation, broaden the scope of industrial cooperation, jointly promote the construction of digital infrastructure, accelerate the innovative development of emerging technologies, and create a new situation of win-win cooperation.A Polish military spokesperson stated that Russias attacks on Ukraine posed no threat to Polish airspace.On January 20th, Investinglive analyst Justin Low stated that gold bulls could hardly believe their luck at the start of the new year. And its all thanks to one person. In the first week, geopolitical tensions stemming from Venezuela continued to escalate. In the second week, the Federal Reserves independence was questioned, and the Iranian issue brought new geopolitical risks. This week, Trump attempted to control Greenland through tariffs, further intertwining geopolitical conflicts and economic risks. All of this has only exacerbated the key factors that have driven gold prices higher over the past year. As prices continue to rise, the $5,000 mark will become the next closely watched target. This important price level will be a key focus for any profit-taking, especially if this coincides with the seasonal weakening trend in January.

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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