EUR/USD 1.15396
0.068%
Gold 4152.27
1.841%
Oil 75.666
1.796%
USD/JPY 157.784
0.026%
GBP/USD 1.34676
0.119%
GBP/JPY 212.501
0.155%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Bank of America expects the yen to strengthen following the intervention, and has revised its year-end USD/JPY forecast to 149 from 152 (currently around 157.7).On August 5th, the 16th China Automotive Forum, hosted by the China Association of Automobile Manufacturers (CAAM), was held in Jiading, Shanghai. During the forum, CAAM officially announced the establishment of the "Autonomous Driving Vehicle Industry Development Joint Conference" and held an inauguration ceremony. At the ceremony, CAAM stated that the Joint Conference will adhere to the principles of "safety as the bottom line, innovation as the driving force, and collaboration as the means of development," working hand in hand with all parties in the industry to jointly promote the safe, orderly, and large-scale development of my countrys autonomous driving industry, contributing to building a strong automotive nation and cultivating new productive forces. The Joint Conference sincerely invites OEMs, autonomous driving solution providers, chip and sensor companies, software and communication companies, testing and certification institutions, universities, and research institutes, and other relevant units in the industry chain to join, discuss development strategies, build collaborative mechanisms, and share industry achievements.On August 5th, the Guangdong Branch of the Peoples Bank of China held its 2026 second-half work conference and Guangdong foreign exchange management work conference on August 4th. The conference emphasized the need to continue implementing a moderately loose monetary policy to help Guangdongs economy maintain its growth momentum; to strengthen support for key areas and weak links, and improve the efficiency and effectiveness of financial services to the real economy; to further deepen foreign exchange management reform and improve the facilitation of cross-border trade and investment; and to fully leverage its functions of maintaining financial stability and macro-prudential management to firmly safeguard against systemic financial risks. The conference required: First, promoting institutional opening-up in the foreign exchange sector to facilitate trade and investment. Second, vigorously optimizing foreign exchange services to support the high-quality development of the foreign-related economy. Third, strengthening foreign exchange business supervision to build a strong defense against external shocks.Saudi Foreign Minister: We condemn Israels aggression in Gaza.August 5th - Currently, my country is in the peak flood season of "late July to early August," with many parts of both northern and southern China experiencing repeated and continuous heavy rainfall, triggering floods and geological disasters, causing casualties and damage to houses. To thoroughly implement General Secretary Xi Jinpings important instructions on flood control and drought relief, on August 5th, the Ministry of Finance and the Ministry of Emergency Management urgently allocated 330 million yuan in central natural disaster relief funds to support emergency rescue and relief work in eight provinces and municipalities, including Heilongjiang, Liaoning, Jilin, Chongqing, Sichuan, Guizhou, Yunnan, and Shaanxi. The focus will be on search and rescue, relocation and resettlement of affected people, emergency response including hazard mitigation, investigation and rectification of secondary disaster risks, and repair of damaged houses, in order to minimize disaster losses.

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