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September 12th - On September 12th, the Beijing-Xiongan Express Line, constructed and managed by Xiongan Group Rail Transit Company, officially commenced full-line trial operation. As a landmark project of the Beijing-Xiongan one-hour metropolitan area, this full-line trial operation marks a crucial step towards the integrated operation of the Beijing-Xiongan Express Line and the Beijing Subway Daxing Airport Line, accelerating the transformation of the "Beijing-Tianjin-Hebei on Rails" from blueprint to reality.September 12th - According to Shenzhen Customs, in the first eight months of this year, Shenzhens import and export value with other BRICS member countries reached 246.89 billion yuan, a year-on-year increase of 11.5%. Among them, the export value reached 207.77 billion yuan, a year-on-year increase of 7.5%; and the import value reached 39.12 billion yuan, a year-on-year increase of 38.9%.September 12th - According to the Financial Times, European Central Bank (ECB) Governing Council member Kocher warned that if oil prices continue to hover around $100 per barrel by the end of the year, the central bank will have to raise interest rates further. Following the ECBs second increase in borrowing costs on Thursday, Austrian central bank president Kocher stated that "inflation risks are higher than a few months ago" due to continued tensions in the Middle East and persistently high energy prices. Since the collapse of the US-Iran ceasefire agreement in early July, oil prices have risen by more than 45%, breaking through $100 per barrel. Since June, European natural gas prices have almost doubled, approaching €80 per megawatt-hour. Kocher stated, "If oil and gas prices develop in an unfavorable scenario, then... monetary policy must take these changes into account." He added that inflation risks will further intensify.According to the Financial Times, the US has restricted the timeframe for air defense operations to allow oil tankers to pass through the Strait of Hormuz.September 12th - The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 AM on Monday, September 14th, 2026. Lei Haichao, Director of the National Health Commission; Liu Jinfeng, Vice Director of the National Health Commission and Director of the State Administration of Traditional Chinese Medicine; Shen Hongbing, Vice Director of the National Health Commission and Director of the National Center for Disease Control and Prevention; and Guo Yanhong, Spokesperson and Vice Director of the National Health Commission, will introduce the decisive progress made in promoting the construction of a Healthy China and answer questions from reporters.

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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