EUR/USD 1.15370
-0.038%
Gold 4418.51
1.156%
Oil 81.826
-0.437%
USD/JPY 159.163
-0.085%
GBP/USD 1.35194
0.090%
GBP/JPY 215.184
0.006%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 12th, analyst Giuseppe Dellamotta stated that silver has been steadily rising since last Tuesday, boosted by hopes of a US-Iran deal, with a weaker-than-expected non-farm payroll report providing further support. However, the upward momentum appears to be weakening and may require support from todays US CPI data to continue its gains. The CPI data is crucial for the September FOMC decision and Fed Chairman Warshs speech at the Jackson Hole symposium. Market focus will be on the core CPI month-on-month data, which is expected to be 0.2%. If the data is higher than expected, it could trigger a short-term sell-off, with traders increasing their bets on interest rate hikes. Conversely, if the data is weak or even in line with expectations, it should further reduce the risk of the Fed tightening policy and provide new upward momentum for silver.According to the Washington Post, the Trump administration plans to spend at least $900 million on White House construction.August 12th - Market sources indicate that Pakistan has stated the deadline for the US-Iran memorandum of understanding could be extended.Japanese Prime Minister Sanae Takaichi: Iranian President Pezechzian briefed the media on Irans position, including the current progress and future prospects of communication between Iran and Oman regarding the Strait of Hormuz issue. Regarding the Bab el-Mandeb Strait issue, Pezechzian stated that Iran is maintaining dialogue with Saudi Arabia and is working to resolve the issue.Japanese Prime Minister Sanae Takaichi: From an energy security perspective, I also expressed my concerns about the current situation in the Bab el-Mandeb Strait and called on Iran to exert stronger pressure on the Houthis and urge them to exercise restraint.

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