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On January 27th, according to foreign media reports, Malaysian palm oil futures opened higher on Tuesday, following gains in soybean oil, a competitor on the Dalian Commodity Exchange, but a stronger ringgit limited intraday gains. The Malaysian ringgit rose 0.2% against the US dollar to 3.9540, its highest level since mid-May 2018. Crude oil prices fell on Tuesday, despite severe winter storms impacting crude oil production along the US Gulf Coast and affecting refineries. The softening of crude oil futures prices reduced the attractiveness of palm oil as a feedstock for biodiesel.On January 27th, it was reported that on January 26th, BYD Auto Industry Co., Ltd. and ExxonMobil (China) Investment Co., Ltd. signed a long-term strategic cooperation memorandum at BYDs headquarters in Shenzhen, marking a new stage of cooperation between the two parties in the field of new energy hybrid technology. Both parties will continue to leverage their innovative capabilities in joint technology research and development and成果转化 (technology transfer), focusing on deepening cooperation in areas such as customized product development, technology collaboration and standards co-construction, and joint brand empowerment, while actively exploring more collaborative innovation possibilities in the application of new materials.On January 27th, futures market news reported that crude oil prices surged during the day yesterday, fueled by market concerns about a potential US attack on a Middle Eastern country, particularly in the domestic market. However, prices subsequently retreated, and international markets also declined in the evening. The situation in the Middle East remains calm, and geopolitical premiums have moderately decreased. Zhuochuang Information predicts that close monitoring of Middle East developments is crucial. With the US military fully deployed, there is a risk of a sudden surge in oil prices due to an potential attack. However, unless a military attack occurs, crude oil prices will continue to be under pressure, maintaining their current weak and volatile trend.South Korean Presidential Office: We will respond calmly.January 27 - The State Council Information Office will hold a press conference at 10:00 AM on Thursday, January 29, 2026. Li Chunlin, Vice Chairman of the National Development and Reform Commission, and relevant officials from the Ministry of Transport, the Ministry of Emergency Management, the China Meteorological Administration, the Civil Aviation Administration of China, and the China State Railway Group will introduce the 2026 Spring Festival travel season situation and work arrangements, 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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