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On January 10th, Trump stated on social media that mortgage rates have now dropped to 5.7%! He explained that mortgage costs during Bidens presidency were extremely high (approximately 8%), making homeownership unaffordable for almost any young family. Through his housing affordability policies and after authorizing Fannie Mae and Freddie Mac to use cash to purchase $200 billion in mortgage-backed securities, mortgage rates have fallen to 5.7%. This is a significant benefit for American families, providing substantial relief. He emphasized that they are lowering housing costs and putting Americans first!Conflict Status: 1. Ukraine claims Russian drones launched a large-scale airstrike on Kyiv. 2. Ukrainian Air Force: Russia launched a hypersonic medium-range ballistic missile from Kapustin Yar. 3. Russia launched 36 missiles and 242 drones at critical Ukrainian infrastructure in Fridays attacks. 4. Ukrainian President Zelensky: The Hazel missiles launched by Russia "clearly" approached the EU border. 5. Ukrainian officials: The Russian Hazel missiles that attacked Ukrainian facilities were not carrying warheads. 6. In retaliation for the attack on Putins residence, the Russian military used Hazel missiles to strike Ukraine. Peace Talks Status: 1. Ukrainian President Zelensky stated that Russia has no respect for the United States and all diplomatic means. 2. According to RIA Novosti: Four members of the Russian State Duma (lower house of parliament) were recently invited by the United States to Washington to hold talks with US lawmakers on the Ukraine issue and other matters. Other Status: 1. Trump stated his support for the sanctions bill against Russia. 2. German Chancellor: A European "multinational force" would need Russias consent to station troops in Ukraine. 3. The Ukrainian Embassy in the US stated that Ukrainian citizens were on board the Russian oil tanker detained by the US. 4. Ukraine awarded development rights for a large lithium mine to a close friend of Trump. 5. Zelenskyy signed a presidential decree reshuffling the members of the Ukrainian Supreme Command. 6. A NATO spokesperson stated that on Friday, NATO Secretary General Rutte and US Secretary of State Rubio spoke about the importance of the Arctic to NATOs shared security. 7. Zelenskyy stated that Trump should reach a free trade agreement with Ukraine.January 10th - According to a TASS report on the 9th, citing the press office of the Russian Northern Fleet, Tu-142MK anti-submarine aircraft belonging to the Northern Fleet recently completed aerial refueling over the Arctic, a first in Russian naval history. The report stated that several Tu-142MK anti-submarine aircraft conducted a special flight mission during a Russian naval exercise. The aircraft completed aerial refueling over the Arctic Ocean en route to a remote Arctic region, with a total flight time of approximately 30 hours. The Northern Fleet press office said that this flight mission confirmed the capabilities of the Tu-142MK anti-submarine aircraft and verified the feasibility of performing anti-submarine defense and surface surveillance missions in the Arctic region.U.S. Treasury Secretary Bessenter: Any tariff refunds could be rolled out gradually over weeks, months, or even a year.U.S. Treasury Secretary Bessenter: The goal of mortgage repurchase agreements is to roughly match the size of maturing mortgage-backed securities (MBS) on the Federal Reserves balance sheet.

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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