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European Council President Costa and European Commission President von der Leyen co-chaired the India-EU Summit in New Delhi with Indian Prime Minister Modi, and issued a statement and held a signing ceremony after the summit.On January 27th, Louis Navellier, Chief Investment Officer of fund management firm Navellier, pointed out in a report that this weeks Federal Reserve interest rate meeting may soon be overshadowed by US President Trumps nomination of a new Federal Reserve Chairman in the coming weeks. Given that the new chairman needs Senate confirmation, Navellier expects this to spark a heated debate surrounding inflation. He analyzed, "Due to falling rents and house prices, low oil prices, coupled with deflationary pressures imported from other countries and weak economies in many parts of the world, a serious risk of deflation is brewing, which may force the Federal Reserve to lower key interest rates by at least 1%."Frances INSEE consumer confidence index for January was 90, in line with expectations and unchanged from the previous month.On January 27th, Zhimingda announced that it expects its net profit attributable to shareholders of the listed company to be around 100 million yuan in 2025, representing a year-on-year increase of approximately 414%. The companys continued implementation of its technology leadership strategy, coupled with strong customer demand for product lines developed in previous years, resulted in a significant year-on-year increase in orders and thus substantial revenue growth. Furthermore, the company maintained good control over its operating scale during the reporting period, with a significant decrease in operating expenses, contributing to the large increase in net profit.January 27th Futures News: 1. WTI crude oil futures trading volume was 738,799 lots, an increase of 10,389 lots from the previous trading day. Open interest was 2,004,107 lots, an increase of 9,275 lots from the previous trading day. 2. Brent crude oil futures trading volume was 152,559 lots, a decrease of 11,091 lots from the previous trading day. Open interest was 256,713 lots, an increase of 4,309 lots from the previous trading day. 3. Natural gas futures trading volume was 1,100,131 lots, an increase of 263,108 lots from the previous trading day. Open interest was 1,634,014 lots, an increase of 20,478 lots from the previous trading day.

DOGE and SHIB Find Support Early on, with DOGE Eyeing a Return to $0.15

Alina Haynes

Oct 31, 2022 16:32

 截屏2022-10-31 下午4.09.43.png

 

On Sunday, dogecoin (DOGE) traded in the red for the first time in six sessions. While Elon Musk's acquisition of Twitter (TWTR) remained good for DOGE and SHIB, Fed Fear led to profit-taking ahead of Monday's session. The indications are optimistic, and DOGE investors are anticipating a recovery to $0.20.

 

On Sunday, dogecoin (DOGE) dropped 3.34 percent. DOGE concluded the week up 94.97% to $0.1177, partially retracing Saturday's 45.24% rise. DOGE avoided falling below $0.10 for the first time since May.

 

DOGE reached a mid-morning high of $0.1435 after a strong start to the day. DOGE reached a late-afternoon low of $0.1110, falling short of the First Major Resistance Level (R1) at $0.1550. Nonetheless, avoiding the First Major Support Level (S1) at $0.0857, DOGE retested $0.1199 before retreating.

 

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. Spreads for index CFDs 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 Sunday, Shiba inu coin (SHIB) fell 7.74%. SHIB closed the week up 17.21% to $0.00001192, somewhat erasing Saturday's 10.33% increase.

 

Following the larger market, SHIB reached an intraday high of $0.00001393 before reversing course. SHIB fell to a late low of $0.00001159, failing to surpass the First Major Resistance Level (R1) at $0.00001489. Nonetheless, avoiding the First Major Support Level (S1) at $0.00001124, SHIB revisited $0.00001199 prior to retreating.

 

DOGE and SHIB ended the session in the negative due to the pessimistic mindset of crypto market investors. However, the decline was moderate relative to the week's gains. The acquisition of Twitter (TWTR) by Elon Musk encourages future price gains. Investors expect Twitter to support DOGE and SHIB transactions.

 

With more than 200 million monetizable daily active users, Twitter's adoption of DOGE and SHIB payments should expand dramatically. As of the 30th of October, the total number of DOGE and SHIB holders was 5.68 million.

 

While investor mood surrounding the Fed's policy announcement on Wednesday will challenge buying enthusiasm, DOGE and SHIB remain optimistic on Twitter.


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