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On February 11th, according to Tianyancha App, Qingyang Yunjie Shunlian Technology Co., Ltd. recently underwent an industrial and commercial registration change, with its registered capital increasing from 10 million RMB to approximately 505.6 million RMB. The company was established in January of this year, with Song Wei as its legal representative. Its business scope includes digital technology services, retail and wholesale of computer hardware and software and auxiliary equipment, computer system services, software development, software sales, and cloud computing equipment sales. Shareholder information shows that the company is wholly owned by Ningbo Lingqiong Shunlian Network Technology Co., Ltd., a subsidiary of Kingsoft Cloud.On February 11, in response to US President Trumps remarks about cooperation between China and Canada, Foreign Ministry Spokesperson Lin Jian stated at a regular press conference that the establishment of a new type of strategic partnership between China and Canada embodies the spirit of equality, openness and inclusiveness, peaceful cooperation, and win-win outcomes. It is not directed against any third party, is in the common interest of the people of both countries, and is also conducive to world peace, stability, development, and prosperity.Total Energy CEO: India is a market with great potential for liquefied natural gas (LNG), but many people still prefer to use fuel oil when LNG prices are high.February 11th - Market consensus predicts that U.S. nonfarm payrolls will increase by 70,000 in January, up from 50,000 in December; the unemployment rate is expected to remain unchanged at 4.4%; and wage inflation, measured by average hourly earnings year-over-year, is expected to slow to 3.6% from 3.8%. TD Securities analysts noted that they expect job growth to remain subdued in January, with approximately 45,000 new jobs added. They stated, "We expect 40,000 new jobs in the private sector and about 5,000 in the government sector. Private sector growth is primarily concentrated in healthcare and construction. We expect the unemployment rate to continue showing signs of stabilization, remaining at 4.4%. The labor market remains in a state of low layoffs, low hiring. Average hourly earnings are expected to increase by 0.3% month-over-month and 3.7% year-over-year."February 11th Futures News: On February 11th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 131,427 tons, unchanged from the previous trading day; 2. Pulp futures mill warehouse receipts: 15,000 tons, unchanged from the previous trading day; 3. Offset paper futures warehouse receipts: 0 tons, unchanged from the previous trading day; 4. Offset paper futures mill warehouse receipts: 3,880 tons, unchanged from the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 13,580 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 34,710 tons, an increase of 5,000 tons from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,464,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 4,980 tons, a decrease of 800 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading 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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