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October 3, 2024

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China’s Coast Guard claimed it entered waters of the Arctic Ocean for the first time as part of a joint patrol with Russia – in the latest sign of enhanced coordination between the two in a region where Beijing has long wished to expand its footprint.

The statement came a day after the US Coast Guard said it spotted four vessels from the Russian Border Guard and Chinese Coast Guard in the Bering Sea – the “northernmost” location it said it had ever observed the Chinese ships.

The joint patrol “effectively expanded the scope of the coast guard’s ocean-going navigation” and tested their ability “to carry out missions in unfamiliar waters,” the China Coast Guard (CCG) said in a post on its official social media account Wednesday.

The CCG did not release the exact location of the patrol. A banner visible on one of the vessels in accompanying photos read “China Coast Guard devoting its heart to the Party; demonstrating loyalty in the Arctic Ocean,” referring to China’s ruling Communist Party.

The Russian government has not officially acknowledged the patrol, which Chinese state broadcaster CCTV said took place “a few days ago.” Russian state media TASS published a report on the patrol, citing the CCG statement.

The US Coast Guard (USCG) on Monday said it spotted the four vessels from the Russian Border Guard and Chinese Coast Guard “transiting in formation in a northeast direction” in the Bering Sea, some five miles inside Russia’s Exclusive Economic Zone on Saturday.

The Bering Sea stretches between Russia and Alaska and is part of the North Pacific Ocean. It connects to the Arctic Ocean through the Bering Strait, a narrow passage separating Asia and North America.

“This recent activity demonstrates the increased interest in the Arctic by our strategic competitors,” Rear Adm. Megan Dean, commander of the 17th Coast Guard District, said in the USCG statement.

The US has raised concerns about China’s growing role and coordination with Russia in the strategically and environmentally sensitive Arctic region, as the two countries tighten their security and economic ties more broadly.

US and Canadian forces in July intercepted Russian and Chinese bombers flying together near Alaska for the first time, while their two navies operated together in international waters off the Alaskan coast in 2022 and 2023, according to the US military.

Last year, CCG and Russia’s Federal Security Service, which operates its coast guard, agreed to strengthen their “maritime law enforcement cooperation” and China was invited to observe Russia’s “Arctic Patrol-2023” security drills.

Analysts say the new patrol is part of a broader pattern of collaboration – and designed to send a message to Washington, whose maritime activities in the South and East China Seas have longed irked Beijing.

“The significance of the (China) Coast Guard operating farther north than it has ever done implies (China) is extending its Coast Guard into areas the US has traditionally considered its own domain,” said Carl Schuster, a retired US Navy captain and former director of operations at the US Pacific Command’s Joint Intelligence Center.

“China in particular is signaling that the US Coast Guard is not the only one that (can) operate within and near other countries’ Economic Exclusion Zones from their own home waters,” he said.

Arctic ambitions

Beijing has for years sought to increase its footprint in the Arctic, declaring itself a “near Arctic state” and beefing up its icebreaker and research capabilities in the region, where it’s also heavily invested in Russian energy projects.

Russia, as one of eight Arctic states, has historically been wary of being too welcoming to China in a region key to its own security and military power.

But observers say Moscow’s increasing reliance on China – its most important diplomatic and economic partner – in the wake of its war on Ukraine may be changing that calculus.

In its first update to its Arctic strategy in five years, the US Department of Defense in July warned that “growing cooperation” between Russia and China in the region has the “potential to alter the Arctic’s stability and threat picture.”

The recent joint activities, including the July patrol near Alaska, raise questions of whether Russia’s focus on controlling access to the Russian Arctic is “increasingly overshadowed by economic and political considerations,” said Sophie Arts, a fellow with the German Marshall Fund of the US’s Geostrategy North team.

“However, when it comes to growing Russian willingness to cater to Chinese interests, we have to take into account the location in which these activities are taking place,” she added, pointing to how the strategically peripheral patrol location suggests “Russian concerns about controlling access and maintaining its bastion (of) defense remain a priority.”

Andreas Østhagen, a senior researcher at the Fridtjof Nansen Institute in Norway, expressed skepticism that Chinese vessels had operated in the Arctic Ocean proper.

“It still links to the wider Arctic region, even if this is not the Arctic Ocean. Operating off the coast of Alaska or in the Bering Sea at large is part of an ongoing trend where China is asserting its ability to be present in the Arctic, or near the Arctic,” he said.

Economic interests

The China Coast Guard is part of the country’s People’s Armed Police, which is under the command of the Central Military Commission – and it has frequently been at the frontline of China’s efforts to assert its territorial claims in disputed waters in the South China Sea.

The Philippines, for example, has repeatedly accused the CCG of targeting its fishing and other ships with water canons and other tactics, including in what it described as a “brutal assault” with bladed weapons on Filipino forces in June.

In addition to projecting strength, Beijing has a practical interest in expanding its cooperation with Russia and presence in far north waters, where its coast guard could in the future protect its economic interests, experts say.

In its 2018 Arctic policy, Beijing described its vision for a “Polar Silk Road,” linking Asia to Europe by developing shipping routes like the Northern Sea Route across the Arctic and down to China. That route, now largely navigable only in summer and autumn, is expected to become more commercially viable for global shipping as climate change melts sea ice.

Transit along the Northern Sea Route during the summer-autumn navigation season is poised to hit record levels of transit cargo by the season’s end, according to data from the Centre for High North Logistics affiliated with Norway’s Nord University. As of September 30, about 95% of the cargo volume along the route went from Russia to China, it said in a recent report.

The coast guard collaboration “relates to Chinese interests in maritime transportation along at least parts of the Northern Sea Route,” according to Østhagen. “The fact that they have initiated these types of operations is yet another step in the ongoing practical cooperation between the two states in an Arctic or near-Arctic context.”

And when taken alongside other recent joint operations, “this is all about expanding both the Chinese footprint in this part of the Arctic and China’s abilities to operate this far north,” he said.

This post appeared first on cnn.com

Georgian parliamentary speaker Shalva Papuashvili said in a Facebook post on Thursday that he had signed into law a “family values” bill curbing LGBT rights, just weeks before a high-stakes parliamentary election.

Lawmakers from the ruling Georgian Dream party last month approved the bill, which bans gender transitions and could outlaw pride marches and displays of the LGBT rainbow flag. The party says the law is necessary to protect Georgia’s Orthodox Christian church from outsiders.

President Salome Zourabichvili, a critic of the ruling party, had refused to sign the bill into law. Georgian Dream and its allies in parliament had enough seats to overcome her opposition.

Georgian LGBT activists say that the law is an attempt by Georgian Dream to boost support among conservative voters ahead of the Oct. 26 election, in which the party is seeking an unprecedented fourth term in power.

Some Western countries have criticized the bill, casting it as part of what they say is a turn towards authoritarianism and alignment with Russia in country that had mainly leaned towards the West since the breakup of the Soviet Union.

Opinion polls show that Georgian Dream remains the country’s most popular single party against a divided opposition, though it has lost ground since 2020, when it won almost 50% of the vote and a narrow majority in parliament.

Georgian Dream, founded by the country’s richest man, has also enacted a law requiring groups that receive funding from abroad to register as foreign agents, which its opponents say is modelled on legislation used to criminalize dissent in Russia.

Relations with Moscow have overshadowed politics for decades in Georgia, which has been a candidate to join NATO and the EU.

Moscow supports separatists in two ethnic regions who broke away from Tbilisi’s rule in wars in the 1990s, and Russian forces defeated Georgia in a brief war in 2008. Georgian Dream argues that its opponents would bring a return to war, and says it would pursue more stable relations with Russia.

This post appeared first on cnn.com

Dogecoin and Shiba Inu: Target and Prices for Thursday

  • The price of Dogecoin retreated to a new October low on Wednesday at the 0.10223 level
  • On Tuesday, Shiba Inu’s price dropped to the 0.00001560 level

Dogecoin chart analysis

The price of Dogecoin retreated to a new October low on Wednesday at the 0.10223 level. A day earlier, on Tuesday, the price encountered resistance at 0.12000 and the EMA 200 moving average. From there, a bearish consolidation was initiated and a drop below the 0.11000 level. This morning we had a slight recovery to 0.10900, but its weak momentum was enough to continue on the bullish side. We stayed below the daily open level and thus kept Dogecoin in the support zone.

A new impulse below would push the price to a new weekly low and thereby confirm the continuation of the bearish option. Potential lower targets are the 0.10000 and 0.09800 levels. For a bullish option, it is necessary for Dogecoin to return above the 0.11000 level to a new daily high. With that step, the chances of returning to the bullish side increase. Potential higher targets are 0.11200 and 0.11400 levels. We could have a big break in the EMA 200 moving average around 0.11400.

 

Shiba Inu chart analysis

On Tuesday, Shiba Inu’s price dropped to the 0.00001560 level. Since then, the price movement has been in the lateral channel in the 0.00001600-0.00001700 range. Emma 200 has also been on the bearish side since yesterday and is exerting pressure on the price. If we fail to move above, there will be a strengthening of the bearish momentum. Thus, we move to a new weekly low and confirm the further retreat of the Shiba Inu price.

Potential lower targets are the 0.00001500 and 0.00001400 levels. For a bullish option, we need a positive consolidation, a move above the EMA 200 moving average and 0.00001750. That step moves us to the bullish side. After that, we expect the recovery to continue and the Shiba Inu to climb to a new high. Potential higher targets are 0.00001800 and 0.00001850 levels.

 

The post Dogecoin and Shiba Inu: Target and Prices for Thursday appeared first on FinanceBrokerage.

ApeCoin and Akita Inu: Daily Overview of Prices and Targets

  • On Wednesday, the price of ApeCoin continued to sink to a new weekly low of 0.655
  • The Akita Inu price hit a new weekly low on Wednesday at 0.00000007029

ApeCoin chart analysis

On Wednesday, the price of ApeCoin continued to sink to a new weekly low of 0.655. We see a slight recovery after that to the 0.680 level. If we don’t get back above 0.700 soon, we will have to continue on the bearish side. Potential lower targets are 0.640 and 0.620 levels.

A bullish consolidation above 0.700 would be a significant move for ApeCoin, potentially leading to a test of the previous high. This time, we anticipate a break above and the formation of a new daily high. As we approach the 0.720 level, we encounter the EMA50 moving average, a key indicator. Its support is crucial for us to continue growing on the bullish side. Potential higher targets are 0.740 and 0.760 levels. The EMA 200 could pose a challenge in the 0.760 zone.

 

Akita Inu chart analysis

The Akita Inu price hit a new weekly low on Wednesday at 0.00000007029. Shortly after that, the price stabilizes, and this morning, we saw a recovery to the 0.00000007300 level. We have solid bullish momentum and expect AkitaInu to continue its bullish growth. A bounce above 0.00000007600 gives us support from the EMA 50 moving average for continued recovery.

Potential higher targets are 0.00000007800 and 0.00000008000 levels. We will have additional resistance in the EMA 200 moving average in the 0.00000008000 zone. On Tuesday, we had an attempt to get back above EMA 200, but the momentum was insufficient for such a scenario. For a bearish option, we need a negative consolidation and pullback to the 0.00000007000 level. This moves us to a new weekly low and confirms bearish pressure. Potential lower targets are 0.00000006800 and 0.0000006600 levels.

 

The post ApeCoin and Akita Inu: Daily Overview of Prices and Targets appeared first on FinanceBrokerage.

SafeMoon and Litecoin: Targets and Prices for Thursday

  • The price of SafeMoon pulled back to a new low at 0.00001266 on Tuesday
  • The price of Litecoin on Tuesday was in retreat to $61.98, forming a new weekly low there

SafeMoon chart analysis

The price of SafeMoon pulled back to a new low at 0.00001266 on Tuesday. The price hold in that zone was short-lived, and we moved back up to the 0.00002500 level very quickly. On Wednesday and Thursday, we saw that the price managed to hold above that level, but it was without momentum to continue to the bullish side. We need new momentum above 0.00003200 and EMA 200 moving average.

With that step, we return above the weekly open level to the positive side. After SafeMoon stabilizes there, it could trigger a bullish consolidation. Potential higher targets are 0.00003500 and 0.00004000 levels. For a bearish option, we need a negative consolidation and a price drop below the support at 0.00002500. This moves us to a new daily low and reinforces bearish momentum. Potential lower targets are the 0.00002000 and 0.00001500 levels.

 

Litecoin chart analysis

The price of Litecoin on Tuesday was in retreat to $61.98, forming a new weekly low there. A strong bearish consolidation and a break below the EMA 200 moving average pulled the price to a new low. On Wednesday and today Litecoin is trying to stabilize in the $62.00-$64.00 range. As of this morning, we are in a bullish consolidation and hope to break out of this range. A push to $65.00 would give us new support at the EMA 50 moving average.

After that, we can expect further bullish momentum and conquest of higher levels. Potential higher targets are $66.00 and $67.00 levels. If we fail to break out of this morning’s movement range, the price will be under pressure to start a retreat. We can consider the new fall to $62.00 as confirmation of a return to the bearish side. Potential lower targets are $61.00 and $60.00 levels.

 

The post SafeMoon and Litecoin: Targets and Prices for Thursday appeared first on FinanceBrokerage.

Solana and Cardano: New Lows and Targets for Today

  • Last night, the price of Solana retreated to $138.55, a new weekly low
  • The new weekly low price of Cardano was formed last night at the 0.336 level

Solana chart analysis

Last night, the price of Solana retreated to $138.55, a new weekly low. We are under bearish pressure until the beginning of this week after failing to move above $160.00. The price quickly finds new support at the new low and returns above $140.00. We were able to rally to $143.00 today, but for now, we don’t have the momentum to continue above. This led to a slight pullback to new support at $141.00.

If this support is sufficient, Solana could initiate a bullish consolidation. Potential higher targets are $144.00 and $146.00 levels. For a bearish option, we need a negative consolidation below the $140.00 level. With that step, we descend to test the weekly low and confirm the bearish pressure. The inability of Solana to hold there will increase the momentum to continue to the bearish side. Potential lower targets are $138.00 and $136.00 levels.

 

Cardano chart analysis

The new weekly low price of Cardano was formed last night at the 0.336 level. After that, the price stopped further retreat and began to recover. This morning, we saw a bullish consolidation and a return to the 0.350 level. Today’s trend looks stable, and we can expect further progress on the bullish side. Potential higher targets are 0.355 and 0.360 levels.

At 0.355, we find support in the EMA 50 moving average for a continuation of the bullish side. For a bearish option, we need a negative consolidation and a return of Cardano back below the 0.340 level. With that move, we move back into last night’s support zone. This time, we need a break below for further bearish consolidation. Potential lower targets are 0.335 and 0.330 levels.

 

The post Solana and Cardano: New Lows and Targets for Today appeared first on FinanceBrokerage.

Ripple and Tron: Ripple continues to sink under pressure

  • This morning, we saw the formation of a new weekly low price of Ripple at the 0.5237 level
  • On Wednesday, the price of Tron fell to 0.153137, a new weekly low

Ripple chart analysis

This morning, we saw the formation of a new weekly low price of Ripple at the 0.5237 level. After that, the price tried to start a recovery but encountered resistance at the 0.5450 level. A new bearish consolidation from that level now brings us back to the support zone. Bearish momentum is present on the chart; we could soon see a breakout below and a drop to a new weekly low. Potential lower targets are the 0.5100 and 0.5000 levels.

For a bullish option, we need a positive consolidation and a return of the Ripple price above the 0.5500 level. In this way, we would first move away from the previous low and strengthen optimism for a possible recovery. Potential higher targets are 0.5600 and 0.5700 levels. We will have additional resistance in the 0.5700 zone in the EMA 50 moving average.

 

Tron chart analysis

On Wednesday, the price of Tron fell to 0.153137, a new weekly low. The price quickly consolidated there and started a bullish trend. Movement takes place in the bullish channel, and today’s low was formed at the 0.154000 level. We received support from the EMA 200 moving average today and hope for further growth above yesterday’s high of 0.155500. Potential higher targets are 0.156000 and 0.157000 levels.

For a bearish option, we need a negative consolidation and a return first of Tron below the EMA 200 moving average and the 0.154000 level. With that step, we move to a new daily low. After that, we expect a strengthening of the bearish momentum and a pullback of the Tron price to a new daily low. Potential lower targets are 0.153500 and 0.153000 levels.

 

The post Ripple and Tron: Ripple continues to sink under pressure appeared first on FinanceBrokerage.