EUR/USD 1.16170
-0.138%
Gold 4375.50
-0.592%
Oil 95.357
1.215%
USD/JPY 154.167
0.403%
GBP/USD 1.35269
-0.141%
GBP/JPY 208.542
0.278%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 10th - According to Reuters, sources familiar with the matter revealed that several European governments plan to push the EU to activate a rare trade defense tool to protect the chemical and plastics industries. The EU is reportedly tightening its trade stance as its industrial base, including the crisis-stricken chemical sector, is increasingly threatened by imports, while also facing partial closures of many US markets due to tariffs imposed by the Trump administration. Three sources said that France, Italy, and possibly Germany—the EUs three largest economies—plan to submit broad import quota requests, known as "safeguards," within weeks. The requests will focus on the polymer resin PET (widely used in packaging) and the chemicals epoxy resin and fiberglass. The EU currently has more than 150 trade measures in place, most of which impose tariffs on narrowly defined products to combat dumping or unfair subsidies, but only one set of safeguards targets ferroalloys, with a separate system of import restrictions on steel.On September 10th, it was reported that the 2026 Moutai Liquor Production Technology Analysis Conference was held at the Moutai Conference Center on September 9th. The conference comprehensively analyzed and summarized the production technology work in 2026, utilizing scientific methods and experiential achievements to continuously optimize and improve process standards, and guide the smooth progress of subsequent production technology work. Chen Hua, Secretary of the Party Committee and Chairman of Moutai Group, stated that it is necessary to strengthen the support system and accumulate solid momentum for the inheritance and development of brewing techniques. Exploring production processes is a long-term project, and the inheritance and development of Moutai liquor brewing techniques requires sustained effort and comprehensive support. This includes systematically and precisely cultivating talent to build a deep reserve of technical personnel; strengthening assessment and incentives to activate the intrinsic motivation of the technical team; and establishing a data system to solidify a strong foundation for long-term scientific research.International Atomic Energy Agency Director General Grossi: Evidence of Iranian activities at the Ghoshul Mountains has been found.International Atomic Energy Agency Director General Grossi: Inspections in Iran will not resume anytime soon.International Atomic Energy Agency Director General Grossi: We are losing "continuous understanding" of Irans nuclear activities.

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