EUR/USD 1.16209
-0.410%
Gold 4545.67
-2.292%
Oil 100.978
3.282%
USD/JPY 158.766
0.243%
GBP/USD 1.33180
-0.615%
GBP/JPY 211.449
-0.370%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
May 17 - According to Yonhap News Agency, South Korean Prime Minister Kim Min-seok said on Sunday that he will seek all possible solutions, including emergency arbitration, to avoid a strike at Samsung Electronics and urged the company and union to reach a compromise in wage negotiations.On May 17th, the State Administration for Market Regulation issued the "Key Points of Market Regulation Departments Work on Promoting the Development and Growth of the Private Economy in 2026," outlining 34 key tasks. The document emphasizes a balanced approach of regulation and development promotion, continuously creating a fair competitive environment, innovating regulatory governance methods, and enhancing development service capabilities. It aims to promote the high-quality development of the private economy through a better environment, more practical measures, and stronger support. Regarding strengthening the legal and policy guarantees for the private economy, the document calls for improving the legal system for fair competition and the regulatory system for enterprise-related fees, enriching credit incentives and measures to strengthen technology and trade enterprises, enhancing the supply of policies to promote the development of individual businesses, and consolidating the legal foundation. In maintaining a fair and competitive market order, the document calls for resolutely breaking down barriers, deepening the construction of a unified national market, strengthening anti-monopoly compliance publicity and guidance, thoroughly rectifying "involutionary" competition, and safeguarding fair development. Regarding improving the efficiency of regulatory enforcement, the document explores non-on-site, contactless, and QR code-based enterprise access regulatory models, improves the fairness and civility of administrative law enforcement, intensifies the rectification of key areas, and optimizes governance capabilities. In terms of enhancing the ability to serve the development of the private economy, we will deepen the targeted assistance to individual businesses by category and type, continue to build the "credit + service" brand, strengthen the support of quality infrastructure, and help promote high-quality development.On May 17th, French Culture Minister Catherine Pégal stated during the 79th Cannes Film Festival on the 16th that the National Centre for Cinema and Animation plans to revise its funding rules for creative projects to protect creative work from the impact of artificial intelligence. Pégal made these remarks at an event in Cannes and while addressing film industry professionals, discussing the challenges posed by AI to the industry. She stated that the National Centre for Cinema and Animation "will soon revise its relevant funding rules" to ensure adherence to the principle of "supporting human creation." Pégal emphasized that the act of creation is an essential human characteristic. She said that AI is a tool that can speed up, simplify, and enrich the filmmaking process; however, a work is a perspective, an intention, and an emotion, which no algorithm can achieve. Pégal clearly stated that the National Centre for Cinema and Animation "will not fund works without an author in the future." She also stressed that this does not mean "the use of AI is prohibited in funded works," but rather that it will not fund works that "replace creators with AI."According to Yonhap News Agency, the South Korean prime minister urged both sides to reach a compromise on salary negotiations with Samsung Electronics on Monday.On May 17th, Senate Minority Leader Chuck Schumer stated on social media: "Republicans are trying to get taxpayers to foot the bill for Trumps multi-billion dollar banquet hall. Senate Democrats fought back and thwarted their first attempt. Now, these banquet hall Republicans say they will revise their plan and push it forward again. And Senate Democrats are prepared to block them again. The American people do not want a banquet hall, do not need a banquet hall, and should not be forced to pay for it."

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