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September 5th - According to a report by RIA Novosti on the 5th, Russian Consul General in Bonn, Germany, Krasnitsky, stated that Germany has demanded that approximately 70 staff members of the consulate leave the country by September 18th. He said Germanys decision to close the Russian consulate is baseless and regrettable. Krasnitsky added that the recent stagnation in Russian-German relations is entirely Germanys responsibility. He concluded that Germanys decision to close the consulate demonstrates its attempt to further escalate tensions between the two countries.September 5th - Three sources revealed that the White House has begun reviewing potential candidates to succeed the Deputy Secretary of Defense, suggesting that the Pentagon, already facing unusually high personnel turnover, may see further leadership changes in the future. According to two of the sources, this process began in June, during which consultations were held with senior senators to determine whether the nominee had sufficient support for confirmation. One source also indicated that the review was still ongoing as of the end of August. All three sources stated that no decision has yet been made to dismiss the Deputy Secretary of Defense. They did not explain why the White House is reviewing potential successors, nor did they specify which candidates are being considered.Market news: The Seattle Times and Newsday filed a lawsuit against OpenAI and Microsoft (MSFT.O) on Friday, accusing the two tech companies in federal court of copying their newspapers news reports without permission to train their artificial intelligence systems.September 5th - A massive explosion occurred at a military camp in Biáccha, Bolivia, on September 4th, local time. Local health authorities reported that the explosion has killed between 10 and 15 people and injured dozens.On September 5th, the Chongqing Municipal Development and Reform Commission issued the "Several Measures of Chongqing Municipality to Encourage Foreign-Invested Enterprises to Reinvest in China" (hereinafter referred to as the "Measures"). The Measures propose 16 policy measures from three dimensions—guiding foreign investment, facilitating investment and operation, and improving support levels—in accordance with the principle of equal treatment for domestic and foreign investment. The Measures encourage and guide foreign investment to participate in the construction of Chongqings "33618" modern manufacturing cluster system, focusing on industries such as intelligent connected new energy vehicles, next-generation electronic information manufacturing, and advanced materials, to promote the strengthening, supplementation, extension, and expansion of the industrial chain. The Measures also implement the "complete elimination" of foreign investment access restrictions in the manufacturing sector, ensuring that eligible foreign-invested enterprises reinvesting in manufacturing projects in China enjoy the same level of support and resources as key municipal industrial projects, based on the principle of equal treatment for domestic and foreign investment.

SHIB Targets $0.00000950 As DOGE Struggles to Reconsider $0.0900

Alina Haynes

Nov 24, 2022 14:52

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On Wednesday, Dogecoin (DOGE) and shiba inu coin (SHIB) joined the broader cryptocurrency market in the green for the second straight session. DOGE and SHIB appreciated as a result of an improvement in mood concerning FTX contagion risk and Fed monetary policy. Nevertheless, the technical indications remain gloomy, with the EMAs indicating a potential pullback.

 

On Wednesday, the price of dogecoin (DOGE) increased by 4.20 percent. Tuesday's close price of DOGE was $0.0818, following a 5.23% increase. Notably, DOGE averted a daily close below $0.0800 for the first time in four sessions.

 

DOGE fell to an early low of $0.0777 due to a mixed start to the day. DOGE surged to an early high of $0.0835 without touching the First Major Support Level (S1) at $0.0744. At $0.0911, DOGE surpassed the First Major Resistance Level (R1) before retreating.

 

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However, a bullish afternoon caused DOGE to reclaim R1 and close the day at $0.0818.

 

On Wednesday, the price of Shiba inu coin (SHIB) increased by 2.72 percent. Tuesday's closing price of SHIB was $0.00000905, following a 4.76% increase.

 

Following the market as a whole, SHIB plummeted to an early low of $0.000000874. SHIB rose to an early high of $0.00000910 while avoiding the First Major Support Level (S1) at $0.00000838. SHIB broke over the First Major Resistance Level (R1) at $0.00000904 before easing back to sub-$0.00000890.

 

However, a bullish session close caused SHIB to reclaim R1 and close the day at $0.00000905.

 

FTX contagion risk diminished significantly on Wednesday, providing assistance to DOGE, SHIB, and the broader market. Hopes of FTX assets reducing the impact on creditors continued to provide price support mid-week.

 

However, the FOMC meeting minutes later in the day provided support for riskier markets. The FOMC meeting minutes revealed members' consideration of lesser rate hikes, bolstering market expectations of a Fed policy reversal in December.

 

In response to the minutes, the likelihood of a 75-basis point rate hike in December decreased from 24.2% to 19.0%. The greater chance of a 50-basis-point rate hike provided more support for the NASDAQ. On Wednesday, the NASDAQ Composite Index climbed by 0.99%.


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