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The Peoples Bank of China (PBOC) announced that to maintain ample liquidity in the banking system, it will conduct a 600 billion yuan Medium-term Lending Facility (MLF) operation on February 25, 2026, with a term of one year, using a fixed-amount, interest rate-based bidding method and multiple price levels.The governor of the Central Bank of the Philippines said he will look ahead to the situation after the new Federal Reserve chairman takes office in order to find clues about the US economy and policies.According to data from the China Passenger Car Association (CPCA) on February 24th, pickup truck production and sales are showing strong growth. In January 2026, the pickup truck market sold 49,000 units, a year-on-year increase of 22.5%, reaching a high level for the same period in the past five years. Pickup truck production in January 2026 reached 52,000 units, a year-on-year increase of 29.3%. In January 2026, Chinas pickup truck exports reached 27,000 units, a year-on-year increase of 44%, but a month-on-month decrease of 5%, with exports continuing to maintain a high proportion. In 2024, pickup truck exports accounted for 45% of total pickup truck sales; in 2025, pickup truck exports reached 50%; and in January 2026, pickup truck exports reached 54%. Many new Chinese pickup truck brands have achieved strong growth through exports, significantly boosting the export performance of Chinese-made pickup trucks.February 24th - ING analyst Chris Turner stated that the pound could fall if Bank of England Governor Ambley raises his expectations for further interest rate cuts (potentially as early as March) in his testimony tonight. Bailey will address the Treasury Select Committee at 22:15 Beijing time tonight. Bailey is highly likely to push for a rate cut at the March policy meeting. If Bailey states that he has sufficient evidence for a March rate cut, it could solidify interest rate pricing in the money market (currently, the market expects an 80% probability of a 25 basis point cut in March), and even push the market to bet on the Bank of England cutting rates by more than 50 basis points this year.According to the Shanghai Stock Exchange website, Shenghejing Micro Semiconductor Co., Ltd. has passed the listing committee meeting.

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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