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On August 2nd, US President Trump posted on social media that the United States is prepared to confront Iran at a level of military deterrence, power, and strength unseen since World War II. Nevertheless, we have just received requests from Iran and other Middle Eastern countries to suspend any attacks, as a framework for an agreement has been reached. This will include the immediate, complete, and total opening of the Strait of Hormuz, and an end to Irans nuclear threat. Based on this request, I agree to cancel any attacks for the future interests of the world, and for the survival of a successful and prosperous Iran, provided that an agreement can be reached swiftly. The State of Israel shares this commitment with me. Lets get started and get this done.On August 2nd, Yin Yong, Deputy Secretary of the Beijing Municipal Committee and Mayor of Beijing, recently conducted research on the development of the pharmaceutical and healthcare industry in the Beijing Economic-Technological Development Area. He emphasized the need to leverage Beijings policy, innovation, and openness advantages in the pharmaceutical and healthcare industry, continuously deepen reforms in the pharmaceutical field, improve industry support policies, unleash the vitality of open development, enhance the development level of the pharmaceutical and healthcare industry, and strive to build a globally competitive pharmaceutical and healthcare industry cluster, thus supporting the high-quality development of the capital city through high-quality industrial development.On August 2nd, the State Council Executive Meeting reviewed and approved the "Draft Decision of the State Council on Amending the Regulations on the Management of Housing Provident Funds," which clearly states the need to better leverage the functions of housing provident funds, broaden the scope of withdrawal and use, expand the systems coverage, improve management and service efficiency, and better meet the diverse housing consumption needs of residents. Experts say this means the fundamental role of housing provident funds in promoting housing consumption and ensuring peoples well-being will be further highlighted. Wu Jing, director of the Real Estate Research Center at Tsinghua University, stated that the characteristics of residents housing consumption and the real estate market situation have undergone significant changes, necessitating corresponding adjustments to the housing provident fund system. This round of reforms will not only reduce housing expenditures for contributors, helping to release demand for improved and rigid housing, but also stabilize market expectations.Visa (VN) plans to lay off 2,600 employees as restructuring is driven by the application of artificial intelligence and cost reduction.According to Fox News: U.S. Secretary of State Marco Rubio, citing a U.S. State Department report, said that Cuba aims to use radical groups to confront the United States.

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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