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Japanese Chief Cabinet Secretary Minoru Kihara: The specific details of monetary policy will be decided by the Bank of Japan.On July 10, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A foreign journalist asked about the 10th anniversary of the Permanent Court of Arbitrations ruling on the South China Sea arbitration case, which determined that Chinas maritime claims in the South China Sea are inconsistent with international law. The Philippines stated today that it will continue to push for a "Code of Conduct in the South China Sea" and will use the arbitration ruling as an unshakable foundation. What is Chinas comment on this? Mao Ning stated that China has repeatedly clarified that the so-called "ruling" is illegal, invalid, and has no binding force. China does not accept or recognize it, and we will not accept any claims based on this ruling. She emphasized that formulating a "Code of Conduct in the South China Sea" is an important measure to implement the Declaration on the Conduct of Parties in the South China Sea and an important consensus between China and ASEAN countries. China is always committed to accelerating consultations with ASEAN countries to strive for an early conclusion of the Code and jointly maintain peace and stability in the South China Sea. The so-called "ruling" has nothing to do with the Code, and the Philippines should not use the so-called "ruling" to create obstacles to the conclusion of the Code.July 10th - At a press conference held by the Ministry of Culture and Tourism on July 10th regarding the crackdown on forced shopping in the tourism market, it was announced that the Ministry has strengthened cooperation with public security, market supervision, and cyberspace administration departments to further intensify case investigations. In the first half of 2026, the number of cases filed increased by 49.3% year-on-year, with cases involving forced shopping increasing by 86.9% year-on-year. This has created a more powerful deterrent against illegal and irregular activities that harm the legitimate rights and interests of tourists and affect the fair competition market order.July 10th Futures News: On July 10th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 297,216 tons, an increase of 3,428 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 1,557 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,640 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 33... 6. Petroleum asphalt futures warehouse receipts: 9,310 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 12,970 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.July 10 – A spokesperson for the Ministry of Foreign Affairs announced that, at the invitation of Wang Yi, member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs, Solomon Islands Minister of Foreign Affairs and Foreign Trade Honipwela will pay an official visit to China from July 10 to 15.

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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