EUR/USD 1.17756
-0.035%
Gold 4704.91
-0.400%
Oil 94.503
2.707%
USD/JPY 157.117
0.250%
GBP/USD 1.36123
-0.112%
GBP/JPY 213.877
0.138%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 11, it was announced at a press conference held by the General Administration of Customs that, in order to uphold the bottom line of safety for imported and exported cosmetics and effectively protect the safety of cosmetics used by the general public, the General Administration of Customs recently released the newly revised "Measures of the Customs of the Peoples Republic of China for the Supervision and Administration of Inspection and Quarantine of Imported and Exported Cosmetics." These measures will take effect on December 1 this year. Li Jinsong, Director of the Import and Export Food Safety Bureau of the General Administration of Customs, stated that this revision widely solicited opinions from the public, relevant enterprises, industry associations, and the National Medical Products Administration, and also followed international rules by notifying the World Trade Organization (WTO). Overall, the revision presents three main characteristics: first, strengthening collaborative supervision across the entire supply chain to solidify the national border defense line; second, deepening institutional reform and innovation to improve the level of cross-border trade facilitation; and third, supporting the development of new business models to continuously accumulate momentum for reform.White House National Economic Council Director Hassett: The system is currently functioning well, and artificial intelligence products are being rolled out.White House National Economic Council Director Hassett: Its too early to talk about government action on artificial intelligence rules.S&P 500 and Nasdaq 100 futures extended their losses, currently down about 0.15%, following reports that Iran had deployed submarines.White House National Economic Council Director Hassett: High energy prices are highly unlikely to cause a U.S. economic recession.

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