EUR/USD 1.16317
-0.011%
Gold 4410.24
0.197%
Oil 94.105
-0.114%
USD/JPY 153.697
0.097%
GBP/USD 1.35462
0.001%
GBP/JPY 208.206
0.117%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On Thursday, September 10, the Hong Kong Hang Seng Index opened down 289.78 points, or 1.15%, at 24,985.18; the Hong Kong Hang Seng Tech Index opened down 61.38 points, or 1.39%, at 4,359.41; the H-share Index opened down 99.56 points, or 1.19%, at 8,269.49; and the Red Chip Index opened down 36.28 points, or 0.85%, at 4,227.13.Hang Seng Index futures opened 1.04% lower at 24,915 points, a discount of 353 points.According to the Wall Street Journal: US President Trump took to the stage to present the Republican platform for the midterm elections.September 10th – This morning (September 10th), a roundtable meeting between the National Development and Reform Commission (NDRC) and senior executives of US multinational corporations operating in China was held in Beijing, themed "Embracing the 15th Five-Year Plan and Jointly Seeking New Development." Representatives from over 60 US companies operating in China, representing sectors such as technology computing power, industrial energy, and consumer medicine, including Amazon Web Services, NVIDIA, Dell, and Honeywell (China) Co., Ltd., attended the meeting. At the meeting, relevant departments of the NDRC introduced the policy considerations related to the 15th Five-Year Plan, the situation of my countrys foreign investment policies during the 15th Five-Year Plan period, the implementation results of the new round of large-scale equipment renewal and consumer goods trade-in policies, and the spirit of policies related to boosting consumption. Relevant officials introduced the development of Beijings economic and social development and promoted Beijings investment environment. Senior representatives of multinational corporations also delivered speeches and exchanged views.The main liquefied petroleum gas (LPG) contract surged by 200.00 yuan during the day, currently trading at 6969.00 yuan/ton, an increase of 2.95%.

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.

Suggestion