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According to CNBC, when asked whether the government would announce retaliatory tariffs on Tuesday, Canadas U.S.-Canada Trade Minister LeBlanc said, "I think thats the governments intention."On August 25th, JPMorgan Chase reiterated its "overweight" rating and $240 price target for SpaceX (SPCX.O), citing growing confidence in the prospects of Groks artificial intelligence. The firm highlighted SpaceXs acquisition of Cursor, which reportedly has annual recurring revenue (ARR) of approximately $4 billion, 75% of which comes from its enterprise business. JPMorgan Chase expects Cursor to enhance SpaceXs enterprise AI strategy, model training data, and Groks performance.Canadian Trade Minister LeBlanc: We hope to build the best possible relationship with all U.S. trading partners. We hope to achieve the best possible U.S. trade agreement, especially in the automotive sector.On August 25th, the Xinjiang Energy Regulatory Office held a collective meeting with 12 power generation companies exhibiting abnormal market behavior. The meeting focused on addressing prominent issues such as economic retention, bid rigging, and violations of market rules, aiming to maintain a fair, just, and orderly electricity market. The meeting emphasized that the relevant power generation companies must face the problems squarely, take immediate corrective action, conduct comprehensive internal investigations, thoroughly investigate the root causes of the problems, clarify the chain of responsibility, ensure that all issues are completely resolved, and prevent the recurrence of similar problems. The meeting required the relevant power generation companies to conduct a full-process self-inspection and rectification in accordance with relevant work guidelines, comprehensively investigate potential risks in areas such as quantity and price declaration, contract execution, and settlement performance, address shortcomings in systems and management, adhere to both short-term and long-term solutions, integrate compliance requirements into all aspects of daily business operations, continuously standardize electricity market trading behavior, and firmly uphold the bottom line of compliance in electricity market transactions.Spot gold and spot silver traded in a range. A chart provides a quick overview of the pre-market conversion prices of gold and silver between domestic and international markets.

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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