EUR/USD 1.16436
-0.007%
Gold 4202.09
-0.158%
Oil 59.876
0.659%
USD/JPY 155.296
0.120%
GBP/USD 1.33325
0.040%
GBP/JPY 207.053
0.174%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Indian government: Diesel sales in India rose 4.7% year-on-year in November, while gasoline sales rose 2.6% year-on-year.On December 6th, European Central Bank (ECB) Governing Council member Rehn stated that the medium-term inflation risks in the Eurozone are slightly tilted to the downside. He cited "relatively low energy prices, the appreciation of the euro, and expectations of slower inflation in the services and wage sectors" as downside factors. Factors pushing up inflation include "potential impacts on supply chains from geoeconomic fragmentation" and a stronger-than-expected economic rebound that could lower the savings rate. Rehn said, "We need to pay attention to both upside and downside risks." He refuted suggestions from some colleagues that another rate cut should be subject to high thresholds. Rehn stated, "We shouldnt impose any unnecessary constraints on our monetary policy, whether high or low thresholds. Its best to follow our strategy and be consistent in word and deed. I believe we will." When asked about ECB President Lagardes recent comments that the central bank is in a "good but not fixed" position regarding interest rates, Rehn agreed.December 6th - According to the Gaza Strip Media Office, since the ceasefire agreement took effect this year, Gaza has experienced a severe gas shortage. Originally, 660 gas delivery trucks were scheduled to enter Gaza, but only 104 have been approved so far, representing only about 16% of the agreed demand. This shortfall directly affects 2.4 million residents of Gaza, impacting essential sectors such as homes, hospitals, bakeries, and public kitchens. Currently, gas in Gaza is allocated based on the actual number of registered households to ensure fairness. Each household is allocated an 8kg gas cylinder per cycle, and can only collect it once per cycle. 252,000 households have already received their quotas, but the system targets approximately 470,000 households. Due to the continued shortage, each allocation cycle takes at least three months to complete the distribution to all registered households.Ukrainian President Zelensky: He spoke by phone with NATO Secretary General Rutte.Market news: The Indian government is preparing to take action against IndiGo, or may seek to remove IndiGos CEO.

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