EUR/USD 1.16962
0.444%
Gold 4719.94
1.025%
Oil 58.718
-1.060%
USD/JPY 158.133
0.008%
GBP/USD 1.34794
0.405%
GBP/JPY 213.160
0.422%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 20th, Hong Kong stocks fluctuated, with the Hang Seng Index closing down 0.29% at 26487.51 points. The Hang Seng Tech Index closed down 1.16% at 5683.44 points. The total turnover of the Hang Seng Index market was HK$237.766 billion. On the sector front, department store stocks declined, AIGC (AI, Generic, and Consumer Electronics) stocks and Apple concept stocks fell, and pharmaceutical stocks were weak; gold stocks strengthened, new consumption concept stocks rebounded, and airline stocks continued their upward trend. In terms of individual stocks, Shanghai Auntie (02589.HK) rose 9.87%, Pop Mart (09992.HK) rose over 9%, GigaDevice (03986.HK) and Zijin Mining International (02259.HK) rose 5.5%, and China Southern Airlines (01055.HK), China Life Insurance (02628.HK), Mao Geping (01318.HK), and Nayuki (02150.HK) rose over 4%; New World Development (00017.HK) fell 10.6%, Zhipu (02513.HK) fell 7.4%, Country Garden (02007.HK) fell over 6%, WuXi AppTec (02359.HK) fell 4.1%, and BYD (01211.HK) fell 3.67%.On Tuesday, January 20, the Hang Seng Index closed down 76.39 points, or 0.29%, at 26,487.51; the Hang Seng Tech Index closed down 66.54 points, or 1.16%, at 5,683.44; the H-share Index closed down 39.69 points, or 0.43%, at 9,094.76; and the Red Chip Index closed up 46.21 points, or 1.12%, at 4,188.73.Hong Kong stocks closed down 0.29% and down 1.16%. New consumption concept stocks bucked the trend and rose, with Pop Mart (09992.HK) up 9%, Shanghai Auntie (02589.HK) up nearly 10%, and Mao Geping (01318.HK) and Nayuki (02150.HK) up more than 4%.Renault shares rose 1.5% after the release of auto sales data.The Norwegian Petroleum Authority reported that Norways preliminary oil production in December was 1.962 million barrels per day, and its preliminary natural gas production in December was 11.4 billion cubic meters.

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