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[Japans gold retail price hits record high for 4 consecutive days, platinum price soars nearly 16% in one month] This week, Japans domestic gold retail price hit a record high for 4 consecutive days, and platinum and silver prices are also rising rapidly. Data shows that the price of platinum in Japan has reached 6,040 yen (about 280.9 yuan) per gram on Saturday, an increase of nearly 16% in one month. In addition, Japans platinum futures transaction price also hit an 11-year high this week. Relevant surveys show that in the past two years, global platinum has been in a state of supply shortage, and its price is expected to rise further in the future, which will further push up the domestic platinum transaction price in Japan.[Indias diamond imports from Russia more than doubled in March 2024] According to data from the Indian Ministry of Commerce and Industry, Indias diamond imports from Russia in March this year increased by 1.3 times year-on-year to 728,000 carats.[Japanese poll shows that the support rate of Kishida Cabinet continues to be low] According to the Japanese "Daily News" report on the 19th, the latest poll results conducted by the agency across Japan on the 18th and 19th showed that the support rate of Kishida Cabinet was 20%, a decrease of 2 percentage points from the poll results of last month. In the poll results of the agency, the support rate of Kishida Cabinet has been below 30% for 11 consecutive months, and the low support rate continues. The results of this poll also showed that the disapproval rate of Kishida Cabinet was 74%, which was the same as the poll results of last month.A Russian airstrike in Kharkiv, Ukraine, has killed at least four people and injured eight, local officials said.According to Germanys Bild newspaper: The German Ministry of Defense has asked the government to add 3.8 billion euros in aid to Ukraine, and the additional spending will be submitted to parliament for approval in June.

Initial DOGE Price Pressure Exists While Bulls Target a Return to $0.10

Daniel Rogers

Oct 28, 2022 15:21

截屏2022-10-28 下午3.22.41.png 

 

Dogecoin (DOGE) enjoyed another breakout day on Thursday, while shiba inu coin (SHIB) joined the broader cryptocurrency market in the red. Updates on Elon Musk's takeover of Twitter (TWTR) provided support for DOGE. The technical signs are optimistic, and investors in DOGE are anticipating a recovery to $0.10.

 

On Thursday, the price of dogecoin (DOGE) increased by 5.82%. Following a 15.22% increase on Wednesday, the closing price of DOGE was $0.07688. Notably, this is the first time since August 17 that DOGE has reached $0.085 per coin.

 

DOGE dropped to an early low of $0.07176 due to a mixed start to the day. DOGE rose to a late-day high of $0.08554 after avoiding the First Major Support Level (S1) at $0.0656. DOGE surpassed the First Major Resistance Level (R1) at $0.0767 and the Second Major Resistance Level (R2) at $0.0807 before closing below $0.080 for the day.

 

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.

 

Shiba inu coin (SHIB) dropped 1.39 percent on Thursday. SHIB closed the day at $0.000001064, partially reversing Wednesday's gain of 5.68%.

 

SHIB reached a mid-morning high of $0.00001185 after a strong start to the day. SHIB surpassed the First Major Resistance Level (R1) and the Second Major Resistance Level (R2) at $0.00001106 and $0.00001132, respectively. Nonetheless, a prolonged sell-off caused SHIB to drop to a late low of $0.00000057. SHIB avoided the First Major Support Level at $0.00001036 despite the reversal.

 

US economic indices and business earnings contributed to a negative cryptocurrency trading session, leaving SHIB in the red. However, Twitter (TWTR) acquisition-related market news releases continued to bolster the DOGE price.

 

Elon Musk reportedly took control of Twitter on Thursday, with CEO Parag Agrawal and CFO Neal Segal reportedly quitting the company.

 

Elon Musk's Twitter ambitions must be crypto-friendly in order to enable DOGE's ongoing ascent. We anticipate that any mention of DOGE as a payment method by Musk will signify a DOGE advance toward $0.10.


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