EUR/USD 1.13594
-0.067%
Gold 4026.35
-1.231%
Oil 80.198
-1.197%
USD/JPY 163.917
0.112%
GBP/USD 1.32758
-0.090%
GBP/JPY 217.618
0.043%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 28, the General Office of the Shanghai Municipal Peoples Government issued the "Implementation Plan for Shanghais Construction of a Pilot Zone for High-Quality Development of Inland Waterway Transportation in the Yangtze River Delta and the Inland Waterway Transportation System Connectivity Project (2026-2030)". The plan proposes to promote coordinated planning and construction of inter-provincial waterways in the Yangtze River Delta waterway network, remove bottlenecks between provinces, and work with neighboring provinces and cities to improve the waterway capacity of the Hangping-Shen Line and Changhu-Shen Line. It also emphasizes strengthening the citys waterway network construction, optimizing the structure of high-grade waterway networks, and advancing the construction of waterways such as the Su-Shen Inner Port Line (provincial border—Wendong Hub), Youdun Port, and Luowen River, while conducting preliminary research on the Dapu Line waterway. Furthermore, it aims to improve the citys planning layout for access to the Yangtze River and the sea, and strengthen efficient connections between inland waterways and ports along the river and coast.July 28 - According to a report by market research and intelligence firm IIR, Saudi Aramco shut down its Jazan refinery in Saudi Arabia on July 27 following an attack on Saturday. The refinery has a daily crude oil processing capacity of 400,000 barrels. The report indicates that the attack damaged the plants integrated gasification combined cycle (IGCC) system and storage tank area. Saudi Aramco expects to complete repairs and restart the refinery by August 15, tentatively.On July 28, local time, Russian Presidential Press Secretary Dmitry Peskov stated regarding the upcoming meeting between Ukrainian President Volodymyr Zelensky and US President Donald Trump that the US has not yet requested a phone call with Russian President Vladimir Putin. He added that the US has not withdrawn from the Ukrainian issue, and Russia and the US maintain working-level contact on this matter. President Zelensky arrived in the US early that morning. He is scheduled to meet with President Trump later that day.Fitch: Even if the Strait of Hormuz reopens quickly, the macroeconomic conditions in developed Europe will still be affected by the spillover effects of the Iran war.India’s manufacturing output rose 7.8% year-on-year in June.

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.

Suggestion