Crypto exchange KuCoin’s venture capital arm and nonfungible token (NFT) marketplace have launched a $100 million “Creators Fund” to help bootstrap early-stage NFT projects at the intersection of art, sports and GameFi. KuCoin Ventures and the Windvane NFT marketplace have created the fund to help artists and creators showcase their work and scale their business
AUDUSD falls below the 38.2% retracement The AUDUSD is lower for the 3rd consecutive day. The pair today is suffering after China retail sales data came in weaker than expected. There is also a “risk off” sentiment as fears from Ukraine, along with higher inflation permeate the markets. Oil prices are higher. Gold is higher
Here’s a look at Treasury yields on the day: 2-year yields +1.7 bps to 2.477% 5-year yields +2.7 bps to 2.823% 10-year yields +3.5 bps to 2.897% 30-year yields +3.5 bps to 2.987% The levels are the highs for the day as the bond selling looks to resume. In turn, that is pinning USD/JPY higher
NEW DELHI: Gold prices eased on Tuesday after touching the key levels of $2,000 per ounce in the previous session. A stronger dollar dented the bullion’s appeal. Gold climbed to $1,998.10 on Monday, buoyed by safe-haven demand, as the Ukraine crisis dragged on and inflation concerns mounted. However, the metal later gave up most gains
Selloff in the Japan Yen continued this week and intensified in Asian session today. The move came as global benchmark treasury yields powered up, including those in the US, Germany and UK. For now, commodity currencies are the stronger ones for, followed closely by Dollar. European majors are generally weak. Technically, Canadian Dollar appears to
Customers pushing shopping carts shop at a supermarket on April 12, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images Consumers continued to spend in March even as inflation rose to its highest level since late 1981, according to government data released Thursday. Retail sales climbed 0.5% from the
WTI price is on a corrective decline from three-week highs. WTI bulls ignore the Libyan fuel supply outage and Shanghai reopening news. OPEC+ produces 1.45 mil bpd below target last month, API data eyed. WTI (NYMEX futures) is dropping over 1% so far this Tuesday, snapping a four-day uptrend, as bulls remain weighed down by the
Decentralized Finance (DeFi) is continuing to gain traction and DeFi protocols are raising millions to offer retail investors better access to the growing market. Ribbon Finance, a protocol that makes it easier for investors to benefit from the complicated world of crypto derivatives, just raised $8.8 million after partnering with Paradigm to build new risk
EURGBP stay below the 100 hour moving average The EURGBP moved to the low for the week on Thursday. That took the pair to lowest level since March 7 in the process. After waffling up and down on Friday (Good Friday), the price moved higher in trading today and sniffed the falling 100 hour moving
Although the US markets were open, Canada was mostly closed as was Europe. So in essence it was a semi-holiday in the markets today by virtue the fact that a good bit of the large traders were off. Nevertheless, there were some moves and stories. Ukraine remains a hotbed and helped contribute to oil prices
NEW DELHI: Gold prices rose on Monday, scaling their monthly highs as growing tensions between Russia and Ukraine drove investors to the safe-haven bullion. Ukrainian soldiers resisted a Russian ultimatum to lay down arms on Sunday in the pulverised port of Mariupol, which Moscow said its forces had almost completely seized in what would be
A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California. David Paul Morris | Bloomberg | Getty Images Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable. Builder confidence in the market for
In this article BAC CEO and Chairman of the Bank of America Brian Moynihan speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Hannah McKay | Reuters Bank of America is scheduled to report first-quarter earnings before the opening bell Monday.Here’s what Wall Street expects: Earnings: 75 cents a
Here is what you need to know on Tuesday, April 19: Major European markets were closed on Monday, making for generally quite subdued trading conditions for most of the day, albeit with flows picking up somewhat during US trade. Nonetheless, the US dollar traded firmly across the board against its major G10 counterparts and the
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Major developer platform Github has reportedly blocked more than a dozen accounts of Russian developer’s associated with organizations sanctioned by the United States government. The sanctioned accounts include some of the largest banks in Russia: Sberbank and Alfa-Bank, as well as individual developers with links to the sanctioned firms. However, many individual accounts with no links
Just when you think that the bond market may be set for a bit of a breather at some point last week, we’re seeing yields shoot higher again today. 10-year Treasury yields are now at their highest since December 2018 as the rout intensifies, gradually inching closer to the 3% level. The move continues to
NEW DELHI: Most metal prices have been on a dream run, giving bulls reasons to smile. Zinc, which is used in alloys, paints, cosmetics, drugs, plastics, batteries and electrical equipment to name a few, is one of them that has seen no pause in the rally. The price of the metal rose to all-time highs