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US President Trump: All Canadian companies doing business with the US, move to the US immediately. Many of these companies moved out of Canada years ago due to the foolish policies of the US leadership. Once you move back, all tariffs will be waived!On August 31, US President Trump stated on social media: "When I announced my candidacy for the 2024 presidential election, Ford was initially preparing to close its large Detroit plant. Later, because of my leading poll numbers, they decided to keep the plant running for a while longer to see how things developed. Today, that plant is operating 24/7 and is one of the most profitable auto plants in the world! Ford, GM, and many other companies are similar examples. I have revitalized the American auto industry, and in fact, saved it. This is all thanks to the measures I took on tariffs. Canada is one of the biggest opportunists. I dont want Canadian cars, I dont want Canadian parts, I dont want anything Canadian. They have been taking advantage of us for decades, and that will end. This should have happened long ago under other presidents, just like containing Iran should have happened long ago. They want to be treated like a state, but they are not a state. I have dealt with the leadership of many countries, but I have found Canada to be the worst. They will no longer be treated like that!"US President Trump: Canada wants to be treated as a state, but they arent. Ive dealt with leaders of many countries, but I think Canada is the worst. They no longer deserve special privileges.US President Trump: Canada is one of the countries that abuses tariffs the most. I dont want Canadian cars, I dont want Canadian parts, I dont want any Canadian products.According to the Financial Times, Ukraines former defense minister is seeking Western capital to establish and manage weapons development companies, which he says will help Kyiv defend against Moscow.

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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