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April 14th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices have continued to decline in recent intraday trading, having failed to break through the 50-day EMA, which acted as resistance, hindering further price increases and ending the previous rally. The price retreated below the key resistance level of $95.00, reflecting weakening bullish momentum. Current price action suggests that the market is in a corrective downward wave in the short term, while the Relative Strength Index (RSI), after previously reaching overbought levels, continues to release negative signals. These factors collectively increase the likelihood of continued downward pressure on WTI crude oil futures in the short term.April 14th, Futures News: Economies.com analysts latest view: Brent crude oil futures stabilized during the intraday trading session after recent consecutive declines, touching the key support level of $93.50. This support provided some short-term positive momentum, helping to alleviate recent selling pressure. Currently, the price is attempting to correct the clearly oversold condition on the Relative Strength Index (RSI), with initial signs of a potential bullish crossover. However, the short-term corrective downward trend remains dominant, and the price continues to trade below the 50-day EMA, keeping bearish pressure in place.April 14th - According to the Beijing Municipal Ecology and Environment Bureau, significant progress has been made in the green and low-carbon transformation of key sectors in Beijing during the 14th Five-Year Plan period. Total carbon emissions have remained stable with a slight decrease, successfully achieving the 14th Five-Year Plan target for reducing carbon emission intensity. Carbon dioxide emissions per unit of GDP remain among the highest in the country. The cumulative trading volume of Beijings carbon market exceeds 64 million tons, with a transaction value of 3.7 billion yuan.On April 14th, the National Healthcare Security Administration announced that it has launched a nationwide self-inspection and rectification campaign for designated medical institutions regarding illegal and irregular use of medical insurance funds in 2026. Building upon the previous focus on nine key areas—cardiovascular medicine, orthopedics, blood purification, rehabilitation, medical imaging, clinical laboratory medicine, oncology, anesthesiology, and critical care medicine—this years campaign further expands to include stomatology, endocrinology, and psychiatry. Local healthcare security departments are conducting self-inspections based on this framework, ensuring comprehensive coverage and leaving no blind spots.On April 14th, Japanese Economy, Trade and Industry Minister Ryosuke Akazawa faced criticism for his comments regarding monetary policy. Finance Minister Satsuki Katayama stated that Prime Minister Sanae Takaichi had warned him against discussing such topics in the future. Katayama said on Tuesday that she and Takaichi had reminded Akazawa at a meeting that day not to comment further on monetary policy. Akazawa had stated on a Sunday television program that using monetary policy to correct the yens weakness was one feasible solution to curb rising import prices.

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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