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On January 29th, Baker Hughes CEO Lorenzo Simonelli stated that Venezuela can gradually increase its crude oil production in the short term, but a comprehensive and profound reform is needed to truly and significantly restore the countrys oil production. "As the environment gradually opens up, we are willing to re-engage deeply, provided there is a suitable regulatory framework, adequate safety measures, sound operating procedures, and reliable payment guarantees," Simonelli said on Thursday. However, with Baker Hughes increasingly focusing on its industrial and energy technology businesses, investment in Venezuela requires patience. He stated, "This requires time and capital investment. If the right atmosphere, environment, and institutional arrangements are in place, it is not impossible for Venezuela to achieve a gradual increase in crude oil production over the next five years."On January 29th, the General Office of the State Council issued the "Work Plan for Accelerating the Cultivation of New Growth Points in Service Consumption." The plan optimizes performance management, scientifically and rationally sets safe capacity limits, and continues to promote cross-regional tours. It explores the possibility of converting qualified and willing performing groups and professional theaters into public welfare institutions of the second category, and establishes and improves incentive mechanisms. The plan also standardizes the ticketing market, improves ticket issuance and refund systems, strengthens supervision of ticketing platforms and resale platforms, and intensifies the crackdown and punishment of activities such as ticket scalping and reselling.On January 29, the General Office of the State Council issued the "Work Plan for Accelerating the Cultivation of New Growth Points in Service Consumption." The plan calls for the coordinated use of existing funding channels to support the development of service consumption and the cultivation of new growth points. It optimizes the implementation of loan interest subsidy policies for service industry operators. It guides financial institutions to increase credit to operators in new growth areas of service consumption, reasonably determine loan interest rates, and innovate and develop distinctive financial products and services. It supports eligible enterprises in the cultural, tourism, education, sports, and domestic service sectors to issue bonds, and supports eligible consumer infrastructure projects to issue infrastructure real estate investment trusts (REITs). It also increases consumer credit support and guides financial institutions to cooperate with businesses to develop products and services suitable for the characteristics of service consumption.On January 29, the General Office of the State Council issued the "Work Plan for Accelerating the Cultivation of New Growth Points in Service Consumption." The plan includes studying support for private capital to conduct online audiovisual services in accordance with laws and regulations. It aims to improve the support policy system, promote orderly competition and innovative development in the online audiovisual service market, including ultra-high-definition video and short dramas, strengthen the governance of the online audiovisual ecosystem, and enrich the supply of high-quality content. The plan also supports breakthroughs in key core technologies for ultra-high-definition and their industrial application, improvement of production and broadcasting capabilities, network upgrades and terminal updates, and the promotion of end-to-end connectivity of the ultra-high-definition supply chain.On January 29th, an announcement was issued regarding an oil LOF (Listed Open-Ended Fund). Trading of the fund will be suspended from the opening of the market on January 30, 2026, until 10:30 AM on the same day, and will resume at 10:30 AM on the same day. If the premium of the funds secondary market trading price does not effectively decline on January 30, 2026, the fund has the right to apply to the Shenzhen Stock Exchange for temporary intraday trading suspension or extend the suspension period to warn the market of risks. Specific details will be announced at that time.

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.

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