EUR/USD 1.15420
0.023%
Gold 4989.92
-0.324%
Oil 92.221
-3.149%
USD/JPY 158.700
-0.184%
GBP/USD 1.33673
0.091%
GBP/JPY 212.143
-0.032%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Xunze (03317.HK), the first company to list on the Hong Kong stock market specializing in token transactions, rebounded in the afternoon, narrowing its losses to 3.9%, after falling more than 9% earlier in the session. According to sources, a key reason for Alibaba Clouds recent price increase is a "surge in token usage."Alibaba (09988.HK) rose in the afternoon and is currently up 2.6%.According to the Financial Times, Microsoft (MSFT.O) is considering legal action against a $50 billion deal between Amazon (AMZN.O) and OpenAI, as the deal may violate its exclusive cloud services partnership agreement with the ChatGPT developer.1. Commerzbank: Expects the Fed to keep rates unchanged at the next two meetings, with the window for rate cuts potentially opening mid-year with Warshs appointment. 2. Barclays: Expects 25 basis point rate cuts in September 2026 and March 2027, compared to previous forecasts of June and December this year. 3. ANZ: Expects rates to remain unchanged in March, with a high probability of restarting rate cuts in June, maintaining its baseline forecast of three rate cuts this year. 4. Morgan Stanley: Expects rates to remain unchanged in March, potentially hinting at 25 basis point cuts in both this year and next, ultimately reaching a range of 3.0-3.25%. 5. RBC: Still expects the Fed to hold rates steady in 2026, and anticipates three 25 basis point "normalization" rate cuts in 2027. 6. Traders: Expects rates to remain unchanged in March; anticipates most members will still believe that rate cuts will be appropriate once inflation is confirmed to have stopped accelerating again. 7. Montreal: The Federal Reserve is expected to cut interest rates twice this year, with the first cut in September. Inflationary pressures may force the Fed to maintain a neutral stance for a longer period. On March 18, South Korean Presidential Chief of Staff Kang Hoon-sik announced at a press conference that the United Arab Emirates (UAE) has pledged to prioritize crude oil supplies to South Korea. The two sides have reached an agreement to sign a Memorandum of Understanding on crude oil supply chain cooperation, which includes exploring alternative supply routes, and is expected to be signed soon. Kang, who recently visited the UAE as President Lee Jae-myungs special envoy for strategic economic cooperation, returned to South Korea. Kang stated that an agreement has been reached allowing South Korea to make emergency crude oil purchases through the UAE, with a confirmed emergency import of 18 million barrels of crude oil from the UAE. Furthermore, Kang noted that no discussions regarding the Strait of Hormuz were held with the UAE during his visit.

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