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On April 13th, four members of Barclays Fixed Income, FX, and Commodities research division stated in a research report that Asian central banks are likely to maintain their current monetary policies in the short term amid the Middle East conflict. They indicated that the Monetary Authority of Singapore (MAS) is likely to keep its policy unchanged this Tuesday, noting that the MAS seems more concerned about the risk of extreme negative growth than inflation. Meanwhile, Barclays believes that unless the US dollar depreciates significantly against the Indonesian rupiah ahead of the Indonesian central banks meeting this month, the Indonesian central bank will not be able to quickly resume its rate-cutting cycle. Furthermore, the central banks of Thailand and the Philippines, which will also be meeting this month, are expected to hold their rates steady.April 13 - Following the failure of negotiations between the United States and Iran, US President Trump stated on April 12 that he did not care whether Iran returned to the negotiating table. Trump told the media that day, "I dont care if they come back. If they dont come back, I dont care either."Market news: The conflict in Iran has caused pistachio prices to soar to an eight-year high. Iran is the worlds second-largest pistachio producer.April 13 - The State Council Information Office will hold a regular policy briefing at 10:00 AM on Wednesday, April 15, 2026. Shi Zihai, Deputy Director of the National Healthcare Security Administration, and relevant officials from the Ministry of Industry and Information Technology, the National Health Commission, the State Administration for Market Regulation, and the National Medical Products Administration will introduce the relevant situation regarding the improvement of the full-cycle, multi-channel drug pricing mechanism and answer questions from reporters.April 13 – The 2026 World Internet Conference Asia-Pacific Summit opened on the morning of April 13 at the Hong Kong Convention and Exhibition Centre. The two-day summit, themed "Digital Intelligence Empowering Innovative Development – Building a Community with a Shared Future in Cyberspace," focuses on innovative technologies in the Asia-Pacific region, breaking geographical boundaries and promoting global digital innovation and technology exchange to a new level. Hong Kong Chief Executive John Lee, heads of central government agencies in Hong Kong, and guests from various sectors attended the event. The summit will include an opening ceremony, a main forum, and six sub-forums covering topics such as intelligent agent innovation and application, digital finance, AI security governance, smart living, digital health, and the digitization and dissemination of classic texts.

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.

 

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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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