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On September 8, Foreign Ministry Spokesperson Mao Ning held a regular press conference. Mao Ning stated that there is only one China in the world, and Taiwan is an inseparable part of Chinas territory—an unshakeable historical and legal fact. UN General Assembly Resolution 2758 solemnly affirms the one-China principle, explicitly restoring all the rights of the Peoples Republic of China and clarifying that China has only one seat in the United Nations; there is no such thing as "two Chinas" or "one China, one Taiwan." Taiwan has never been a country, and it will never be. The Lai Ching-te administrations wanton distortion of UN General Assembly Resolution 2758 once again exposes its separatist nature of "Taiwan independence." Its fallacies cannot change the historical and legal fact that both sides of the Taiwan Strait belong to one China, nor can they shake the international communitys firm commitment to the one-China principle.September 8th – On September 8th, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A Reuters reporter asked, “India is about to host the 18th BRICS Summit. Who will China send to this summit? What are China’s expectations for this summit?” Mao Ning stated that China attaches importance to BRICS cooperation and supports India in successfully hosting this year’s leaders’ summit. “However, I have no information to provide on your specific question at this time,” Mao Ning said.September 8th - With the resumption of oil transport through the Strait of Hormuz, Kuwaiti crude oil exports have recovered to approximately 1 million barrels per day, including ship-to-ship transshipment outside the strait. Sabah, Managing Director of International Marketing at Kuwait Petroleum Corporation (KPP), stated that the company is also delivering directly to customers. Currently, they are using both their own tankers and chartered vessels to transport oil. As more tankers find routes through the Strait of Hormuz, Kuwaiti crude oil exports have recovered to nearly two-thirds of last years average daily export of 1.6 million barrels. Kuwaiti crude oil exports had fallen to multi-year lows since the outbreak of the Iraq War in late February.According to the Bahrain News Agency: Bahrain strongly condemns the Houthi attacks on Saudi civilians and key facilities once again.A Russian-appointed official said that the attack by Ukraine on Russian-controlled Crimea has killed two people and injured one.

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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