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On April 29th, Japanese Prime Minister Sanae Takaichi posted on social media: "We have confirmed that a Japanese-affiliated vessel that was previously stranded in the Persian Gulf safely passed through the Strait of Hormuz on April 29th and has now withdrawn from the Persian Gulf, heading towards Japan. There were three Japanese crew members on board. Japan has consistently maintained that it is imperative to ensure the freedom and safety of all vessels, including Japanese ships, in the Strait of Hormuz as soon as possible. Japan will seize every opportunity to engage with Iran. I have personally conveyed this position of our country to Iranian President Pezechzian."The main contract for the container shipping index (European route) rose by 3.00% during the day, currently trading at 2295.0 points.April 29 - Kazakhstans Energy Ministry said on Wednesday that it has no plans to withdraw from OPEC+, a day after the United Arab Emirates announced its withdrawal from the oil-producing organization amid the energy crisis triggered by the war with Iran.April 29th - The World Gold Council estimates that global central banks increased their gold reserves at the fastest pace in over a year in the first quarter, driven by a buying spree triggered by falling gold prices. Data shows that official institutions made net purchases of 244 tons of gold in the first quarter, up from 208 tons in the previous quarter. Poland, Uzbekistan, and China were the largest disclosed buyers, with some purchases remaining undisclosed. Gold prices have fluctuated significantly this year, hitting a record high at the end of January before falling in March following the outbreak of the Iraq War. John Reade, chief strategist at the World Gold Council, stated, "This is the first significant pullback in gold prices in some time, allowing central banks that may have been waiting on the sidelines to enter the market and buy heavily." Several other central banks also reduced their holdings in the first quarter. Turkey, Russia, and Azerbaijan, along with other smaller central banks and sovereign wealth funds, reduced their holdings by approximately 115 tons. These moves initially raised concerns about continued institutional buying, a trend that has been a key driver of gold price increases for many years.Mercedes CFO: Increased electric vehicle production is expected to boost sales in the second half of the year, but this is also expected to dilute profits to some extent.

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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