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On April 8th, South Korean assets surged after President Trump agreed to a two-week ceasefire with Iran, easing concerns about a prolonged disruption to global energy supplies and triggering a broad-based risk appetite rally. The benchmark Kospi index jumped as much as 6.2%, leading Asian stocks and marking its fourth consecutive day of gains. Shares of chip giants Samsung Electronics and SK Hynix both rose more than 9%. A more than 6% gain in Kospi 200 futures also triggered a temporary halt to algorithmic trading on exchanges. The Korean won appreciated as much as 1.9% against the US dollar. South Korean 10-year government bond futures rose as much as 120 ticks, while the 3-year bond yield fell to 3.3%, as lower oil prices eased inflationary pressures and reduced expectations of a Bank of Korea interest rate hike. The Bank of Korea will hold its interest rate decision meeting on Friday.The Reserve Bank of New Zealand will announce its interest rate decision in ten minutes.White House Press Secretary Levitt: Thanks to the incredible capabilities of American soldiers, we achieved and exceeded our core military objectives in 38 days. Furthermore, President Trump reopened the Strait of Hormuz. Never underestimate the presidents ability to successfully advance American interests and foster peace.The Philippine peso rose to 59.543 pesos to the US dollar, a new high since March 23.April 8th - Today, the full text of the "Outline of the 15th Five-Year Plan for National Economic and Social Development of Beijing" was released. The outline sets an average annual economic growth target of 4.5% to 5% for Beijing from 2026 to 2030, striving for even better results. This means that Beijings economic growth over these five years will exceed one trillion yuan. According to the Beijing Municipal Development and Reform Commission, the outline aims to achieve the goal of basically realizing socialist modernization by 2035, accurately grasping the stage-specific characteristics of the "15th Five-Year Plan" period, such as the technological revolution and industrial transformation, and changes in population structure. It sets 29 major indicators, all of which have been scientifically calculated and comprehensively balanced, guiding the implementation of key tasks in the outline year by year.

DOGE Bulls Eye a Return to $0.0900 on Elon Musk Support

Skylar Shaw

Feb 16, 2023 15:21

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On Tuesday, Dogecoin (DOGE) increased by 1.71%. DOGE closed the day at $0.0835 on Monday after a flat session.


Following a range-bound morning, DOGE dropped to a low of $0.0802 in the early afternoon. After avoiding the First Major Support Level (S1) at $0.0788, DOGE surged to a high of $0.0838 in the middle of the afternoon. DOGE fell down to close the day at $0.0835 while missing the First Major Resistance Level (R1) at $0.0860.


On Tuesday, Shiba Inu Coin (SHIB) increased by 2.25%. SHIB finished the day at $0.00001275, somewhat correcting a loss of 2.81% from the previous day.


Following the general market, SHIB dropped to a low of $0.00001200 in the early afternoon before acting. SHIB rose to a mid-afternoon high of $0.00001285 while avoiding the First Major Support Level (S1) at $0.00001195. SHIB slipped down to close the day at $0.00001275 after failing to reach the First Major Resistance Level (R1) at $0.00001303.

Examination of Gary Gensler and the SEC by US lawmakers yields support

On Tuesday, there was no activity. Investors were waiting for information on the upgrading date and the specifics of the purchase while the Shibarium Network stayed mute. In addition, the Dogecoin Foundation has not provided any updates since establishing the Development Fund.


While investors wait for Twitter to begin its Crypto integration program, Elon Musk's backing from the Super Bowl has continued to strengthen the DOGE price. As investors reacted to the most recent SEC actions against crypto platforms, support came at the same time as a noticeably increased regulatory risk.


But on Tuesday, US politicians calmed the market, allaying worries that Gary Gensler would have unrestricted power to implement regulations.


A hearing titled Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets was conducted on Tuesday by the Senate Banking Committee. Gary Gensler and the SEC's shortcomings were brought to light by concerns about their regulation through enforcement and lack of SEC advice to crypto companies.


Legislators noted Gensler's appearances on morning talk programs and called for him to testify as soon as possible.

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