Layer-1 network ZetaChain has secured $27 million to support its chain-agnostic platform, according to an announcement on Aug. 16. Participants in the round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and other investors. The protocol created in 2021 is designed to
Share: USD eases broadly versus the majors as DXY gains slow around 200-Day Moving Average. Economists at Scotiabank analyze Greenback’s outlook. USD to soften broadly in H2 The USD is trading generally softer so far today after four consecutive daily gains that have taken the DXY index to test its 200-DMA. That benchmark is holding
Gold traded in the red in early trade on Wednesday amid a retreat by the dollar index (DXY) which has crossed the 103 mark against a basket of six top currencies. Elevated bond yields and China’s economic concerns weighed on the yellow metal which is now trading in an oversold zone. The DXY was trading
Copper continues to be tightly correlated with what happens in China. In fact, we saw strong rallies following news of more policy support from the Chinese authorities, but the ugly economic data eventually prevailed on the sentiment and led to a big selloff. Yesterday, the PBoC finally decided to cut rates but Copper sold off
This matches the initial estimates and is a bit of a surprise given how downbeat the recent data is. Eurostat does note that there could be an outlier though, with Irish GDP jumping by 3.3% – driven by the taxation reasons, which is seeing an oversized impact among big foreign companies located in the country.
In the wake of UK CPI data, Sterling slightly higher, but lacks clear buying momentum. As BoE had anticipated, headline inflation demonstrated pronounced deceleration. Concurrently, the evident surge in services inflation dovetails seamlessly with the week’s unprecedented data on wage growth. Given these dynamics, BoE is primed for another rate hike in the coming month,
In this article 700-HK Follow your favorite stocksCREATE FREE ACCOUNT Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent on Wednesday reported a weaker-than-expected surge in profit for the second quarter, as cost-cutting measures began to
Share: USD/JPY oscillates in a narrow band around mid-145.00s on Wednesday. The Fed-BoJ policy divergence continues to act as a tailwind for the pair. Intervention fears cap any meaningful upside ahead of the FOMC minutes. The USD/JPY pair holds steady around mid-145.00s during the Asian session on Wednesday and remains well within the striking distance
Gold prices eased on Tuesday, holding near the key psychological $1,900 level, as U.S. bond yields and the dollar remained elevated ahead of the retail sales data that could shed light on the impact of higher rates on consumer spending. FUNDAMENTALS * Spot gold slipped 0.2% to $1,905.10 per ounce by 0119 GMT, trading near
USDJPY trades near unchanged The USDJPY traded lower in the US session (see 4-hour chart above), but did find support near the high of a swing area between 144.898 and 145.07. The low price for the day reached 145.10. The price has rebounded back toward the close from yesterday at 145.54. Of significance is that
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European major currencies are making a notable stride today, with Sterling at the forefront. The Pound ascent is attributed to the historic high recorded in UK regular wage growth. This surge adds further weight to BoE dilemma, pushing it to seriously consider additional monetary tightening in the upcoming month. While Dollar is making efforts to
Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger than expected showing for the month, the Commerce Department reported Tuesday. The advanced retail sales report
In this article HD Follow your favorite stocksCREATE FREE ACCOUNT A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty Images Home Depot topped earnings expectations on Tuesday, but posted a 2% year-over-year sales decline as customers remained wary of
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Five executives from a Filecoin mining service are facing a lawsuit at the People’s Court of Pingan County in China, over allegations that they pilfered millions of dollars and left investors in ruin. On Aug. 14, local media reported that the court held a public hearing on a case that could potentially set a precedent