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On September 3, a reporter asked: The Chinese curatorial team announced its withdrawal from the Gwangju Biennale in South Korea due to its erroneous handling of Taiwan-related issues, expressing strong protest. The Chinese Embassy in South Korea has already issued a statement on this matter. What is Chinas comment on this? Foreign Ministry Spokesperson Guo Jiakun: The Joint Communiqué on the Establishment of Diplomatic Relations between China and South Korea clearly states that the government of the Republic of Korea recognizes the government of the Peoples Republic of China as the sole legal government of China and respects Chinas position that there is only one China and that Taiwan is a part of China. Since the beginning of this year, the South Korean side has repeatedly stated that its position on adhering to the one-China principle remains unchanged. The organizers of the Gwangju Biennale in South Korea stubbornly persisted in their erroneous practices, condoning Taiwans participation in the exhibition under a name completely inconsistent with its identity, blatantly violating the one-China principle. China firmly opposes this and has lodged a solemn representation with the South Korean side, demanding that the relevant parties immediately correct their erroneous practices. We hope that the South Korean government will abide by its political commitments, earnestly assume its responsibilities, and put the one-China principle into practice with concrete actions. The DPP authorities are using cultural exchanges, conferences, and exhibitions as occasions for political manipulation and provocative actions aimed at "independence." Their intentions are sinister, and their methods are despicable. Their political schemes will not succeed.The U.S. ISM non-manufacturing supplier deliveries index was 51.3 in August, up from 52.8 in the previous month.The U.S. ISM non-manufacturing inventory index for August was 56.7, compared to 51.4 in the previous month.The U.S. ISM non-manufacturing new orders index was 60.9 in August, down from 57.2 in the previous month.The U.S. ISM non-manufacturing employment index for August was 47.8, compared to 47.4 in the previous month.

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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