EUR/USD 1.14368
-0.051%
Gold 3985.97
0.241%
Oil 79.195
0.394%
USD/JPY 162.427
0.039%
GBP/USD 1.34597
-0.139%
GBP/JPY 218.625
-0.073%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Financial Times, investors say the Bank of England should slow down or stop selling long-term bonds.July 17 - The latest epidemic report released by the Ministry of Health of the Democratic Republic of Congo on July 16 shows that the cumulative number of confirmed Ebola cases in the country has risen to 2,124. The report states that as of July 15, the DRC had reported a total of 2,124 confirmed Ebola cases and 828 deaths; 725 patients are currently receiving isolation or hospitalization treatment, and 390 cases have recovered.July 17th - According to Reuters, sources familiar with the matter revealed that JERA, Japans largest power generator, has initiated a feasibility study for a U.S. listing, aiming to explore overseas expansion avenues and broaden its financing channels. JERA has long considered the Tokyo Stock Exchange its primary listing option, but as it accelerates its international expansion, the company is now exploring how to deepen its interaction with global investors. Sources indicated that JERA has begun examining U.S. market conditions, investor demand, and regulatory requirements. The study is still in its early stages, and JERA has not yet made any decisions regarding details such as IPO timing, listing structure, or market valuation. JERA has a domestic power generation capacity of 59 gigawatts (including projects under construction) in Japan, supplying approximately 30% of the countrys total electricity.DA Davidson raised its price target for TSMC (TSM.N) from $450 to $500.The Hang Seng Tech Index fell further to 4%, while the Hang Seng Index is currently down 1.88%.

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