EUR/USD 1.15530
0.092%
Gold 4168.26
-2.141%
Oil 86.392
-1.098%
USD/JPY 160.427
0.040%
GBP/USD 1.33850
0.048%
GBP/JPY 214.736
0.089%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 10th, Amundis chief investment officers stated that the European Central Bank (ECB) may raise interest rates twice this summer, rather than waiting until September. The report stated, "We expect the ECB to implement two temporary rate hikes this year, one in June and one in July." The institution indicated that the main driver of this expectation is the continued rise in inflation expectations. "We believe the ECB is increasingly concerned about the potential solidification of inflation expectations, especially as survey data continues to show that businesses are increasingly willing to raise selling prices." At the same time, the institution believes there is currently no convincing evidence of a significant second-round effect. "Therefore, we believe the ECB should not initiate a prolonged tightening cycle."On June 10, Iranian Foreign Ministry spokesman Baghae stated, when discussing issues related to the Iran-US talks, that Iran needs to reassess the situation following the conflict on June 9. Baghae said that the USs continued violations of the ceasefire have undermined the diplomatic process.Russia says it is discussing with the Syrian government the possibility of reorganizing its military facilities in Syria.The chart shows that at 22:00 Beijing time on June 10, there will be large foreign exchange options contracts for Euro, British Pound, and Australian Dollar expiring, including 5 contracts with strike prices exceeding 1 billion. Please manage your risks.On June 10th, Xiaohongshu officially released its "Skill Upload Guidelines," clarifying the platforms stance. Xiaohongshu encourages: Skills with truthful and clear descriptions, practical value, and originality and innovation; Skills that accurately explain required permissions and uses, without requesting permissions beyond their functional scope; Transparent code logic, free of hidden behaviors or backdoors, ensuring users can achieve the expected results; Respect for others original work, and refraining from copying or plagiarizing others Skills. The platform will continuously improve its risk identification capabilities for Skills; Skills that violate regulations will be removed, and developers of serious violations will have their publishing privileges restricted.

Price Action in DOGE and SHIB Determined by Twitter and Elon Musk News

Daniel Rogers

Nov 07, 2022 17:53

 截屏2022-11-07 下午5.45.11.png

 

Sunday was a bearish session, with dogecoin (DOGE) falling for the fourth time in five sessions. The news that Twitter halted its crypto integration plans continued to weigh on the market, with bearish sentiment in the broader market contributing to the decline. However, technical indications remained optimistic, requiring a rebound to $0.15 for DOGE investors to retarget $0.20.

 

On Sunday, dogecoin (DOGE) lost 7.79% of its value. Following a loss of 1.33% on Saturday, DOGE closed the week at $0.1148, down 2.54%. Notably, DOGE avoided falling below $0.10 for the ninth session in a row.

 

After a range-bound morning, DOGE surged to a high of $0.1277 by early afternoon. DOGE fell to a final-hour low of $0.1119, failing to surpass the First Major Resistance Level (R1) at $0.1335. At $0.1177, DOGE fell through the First Major Support Level (S1). DOGE found support at the Second Major Support Level (S2) at $0.1110 and closed at $0.1148.

 

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 beginning at 0 pips and commissions of $3.50 every 100k 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 Sunday, the value of Shiba inu currency (SHIB) decreased by 4.98 percent. Following a loss of 0.40% on Saturday, SHIB closed the week at $0.00001184, down 0.67 percent.

 

SHIB surged to a high of $0.00001290 in the early afternoon hours, mirroring the price of DOGE. SHIB failed to surpass the First Major Resistance Level (R1) at $0.00001305 and fell to an intraday low of $0.00001175. SHIB dropped below the First Major Support Level (S1) at $0.00001201 and closed the session at $0.00001184.

 

The crypto news wires were again silent on that day. The absence of news placed Twitter (TWTR) and Elon Musk in the spotlight.

 

The news that Twitter halted development of a crypto wallet to accommodate DOGE and other cryptocurrencies was unfavorable for DOGE. DOGE and SHIB have also been negatively impacted by investor opinion about Elon Musk's post-acquisition modifications.

 

Advertiser defections pose the possibility of precipitous income stream declines, which could damper the optimistic outlook for DOGE adoption. It is also unknown how the increased $8 cost for the coveted blue check verification marks would affect user numbers.


Suggestion