EUR/USD 1.15393
-0.115%
Gold 4262.09
0.361%
Oil 75.013
0.947%
USD/JPY 157.921
0.103%
GBP/USD 1.34591
-0.059%
GBP/JPY 212.551
0.047%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Based on guarantees and legally binding commitments provided by Paramount, the UK Competition and Markets Authority (CMA) has decided not to interfere with the companys transaction with Warner Bros. Discovery Inc. (WBD.O).ConocoPhillips (COP.N): It expects its third-quarter production to be between 2.29 million and 2.32 million barrels of oil equivalent per day (market estimate is 2.32 million barrels).August 6th - According to sources, the German government is considering whether to nominate Bundesbank President Jean-Claude Nagel as president of the European Central Bank (ECB). Nagels candidacy has become a central topic of discussion in Berlin due to speculation that current ECB President Christine Lagarde might step down prematurely. Given that Nagel is Germanys leading candidate for the position, failing to support him could effectively mean forfeiting Germanys candidacy. Sources say German government officials believe Nagels chances of being elected are low, but still consider pushing for his candidacy a worthwhile strategy, as even if he loses, it could provide leverage for Germany in securing other important positions, such as the ECBs chief economist. This appointment is likely to be the most significant personnel decision facing Eurozone governments in the coming months, and Nagel himself has expressed openness to the opportunity.The China Earthquake Networks Center officially reported that a magnitude 3.9 earthquake occurred at 18:32 on August 6 in Sunan County, Zhangye City, Gansu Province (38.35 degrees north latitude, 99.95 degrees east longitude), with a focal depth of 10 kilometers.Xiaomi Corporation (01810.HK): On August 6, it repurchased 1.9 million Class B shares for HK$50 million.

DOGE Aims for $0.070 as Fed Fear Fades, as SHIB Advances

Daniel Rogers

Oct 27, 2022 15:25

截屏2022-10-27 下午3.14.38.png

 

Following a breakout session on Tuesday, DOGE and SHIB are rising this morning. Adoption and the acquisition of Twitter remain tailwinds. On Tuesday, dogecoin (DOGE) gained 6.04 percent. DOGE concluded the day at $0.06306, reversing a drop of 1.53% from Monday. Notably, this is the first time since October 6 that DOGE has reached $0.064 per coin.

 

Due to a mixed start to the day, DOGE dropped to a low of $0.05916. DOGE rocketed to a late-afternoon high of $0.06430 despite avoiding the First Major Support Level (S1) at $0.0585. DOGE surpassed the Major Resistance Levels before sliding through the Third Major Resistance Level (R3) at $0.0642 and closing the day below $0.0540.

 

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, Shiba inu coin (SHIB) appreciated by 2.82%. SHIB concluded the day at $0.00001021 after reversing a Monday loss of 2.36% Notably, SHIB reached the level of $0.00001040 for the first time since October 18.

 

After a volatile morning, SHIB dropped to a low of $0.00000982 by midday. SHIB rebounded to a late-afternoon high despite avoiding the First Major Support Level (S1) at $0.00000979. SHIB surpassed the First Major Resistance Level (R1) and the Second Major Resistance Level (R2) at $0.00001014 and $0.00001034, respectively. However, a negative session close caused SHIB to plummet below R2 and close the day at $0.00001021 per share.

 

There were no network changes to affect, leaving the pair subject to the crypto market as a whole. The change in mood towards Fed monetary policy led to a bullish trading day. The breakout was precipitated by dwindling expectations for a 75-basis-point Fed rate hike in December. However, Twitter (TWTR) acquisition updates continue to pique attention.

 

This week, DOGE rose due to rumors that Twitter is building a crypto wallet. Cryptocurrency adoption remains an important factor for investors to consider. Investors also anticipate that Elon Musk will promote crypto usage if the transaction goes through.

 

Wednesday's strong start was bolstered this morning by a further improvement in market risk appetite.


Suggestion