Quick Look: Akash Network’s price rose from $4 to a peak of $7 following its listing on Upbit. From $1 billion to $1.45 billion, with a trading volume boost of 1560%. Akash Network will host a decentralised AI summit in May, potentially boosting AKT further. The Akash Network token (AKT) has witnessed a substantial 50% …
Akash Network’s AKT Rises 50% Post-Upbit Listing Read More »
Quick Look: South Korea’s shadow banking has grown to S$85.8 trillion, with a high delinquency rate of 6.55%. Soaring debts in real estate, highlighted by Taeyoung’s restructuring and a US$66 billion government intervention. Significant funds enrich the tech sector with major semiconductor projects led by SK Hynix and Samsung. The global economy grapples with fluctuating …
South Korea’s Economic Turmoil in a Shifting Global Landscape Read More »
Quick Look: Binance agreed to a $4.3 billion settlement for charges concerning its inadequate anti-money laundering practices. Key figures detained in Nigeria, facing charges including tax evasion. Legal outcomes could significantly impact cryptocurrency regulations worldwide. Key figures associated with the global cryptocurrency exchange Binance have found themselves trapped in a web of legal challenges spanning …
The Binance Saga Unfolds: Key Figures Facing Legal Reckoning Read More »
Quick Look: US House passed a bill requiring ByteDance to divest TikTok US operations within a year. Bill’s failure may impact the US economy significantly; ByteDance’s revenues are substantial. Strong opposition from TikTok and potential legal challenges if the bill passes. China could block the forced sale, raising international trade and diplomatic concerns. Senate’s decision …
U.S. House Passes TikTok Ban Bill: Eyes Senate Decision Read More »
Quick Look: The People’s Bank of China will likely maintain key rates; any changes could influence AUD significantly. AUD/USD shows bearish trends; key resistance is $0.64582, and support is $0.62713. Australian and US inflation figures due this week could heavily impact market expectations and Fed rate decisions. This week, financial markets are at the edge …
AUD/USD: Critical Events to Drive Weekly Dynamics Read More »
Quick Look: NZD/USD stalled at 0.5920 and faces resistance at 0.5940 with further hurdles at 0.6100, 0.6135, and 0.6160. Positioned below 200-hour EMA of 0.5950; RSI below 60, suggesting potential upward movement. Cautious investor sentiment due to US inflation, geopolitical tensions, and high US interest rates. The New Zealand Dollar (NZD) is presently encountering a slight …
Quick Look: Gold (XAU) prices rose by Rs 10 per 10 grams, and silver increased by Rs 100 per kilogram in India. Global issues, notably Middle East conflicts, pushed USold to $2,369.93 per ounce. Market sentiment shows that 78% of investors don’t foresee a recession next year. Gold and silver prices in India have seen …
Gold, Silver Up Rs 10, Rs 100 Amid Global Strife Read More »
Quick Look: IMF revises the 2024 global growth forecast by 0.1%, maintaining a stable outlook amidst global challenges. Advanced economies like the US and the Eurozone show positive indicators, surpassing pre-COVID levels. Geopolitical tensions, inflation risks, and differing central bank approaches threaten forecasted growth despite potential economic drivers. The IMF emphasizes urgent reforms for sustained …
Quick Look: The Australian dollar rose 0.37% to 0.62254 after a recent 2.2% drop. Employment slowdowns, as only 7,200 jobs appeared in March, cooling labour market signals. RBA rate decision pending; Next meeting on May 7, influenced by Q1 CPI figures. The Australian Dollar saw a modest recovery, increasing by 0.37% to 0.62254 after a …
Australian Dollar Rises 0.37% Despite Recent 2.2% Drop Read More »
Quick Look: Global Growth Projections: IMF predicts growth of 3% in 2023 and 2.9% in 2024. Geopolitical Tensions: Ongoing conflict in the Middle East escalates oil prices. Inflation Concerns: High inflation rates prompt fears of continued tight monetary policy. Energy Sector Outlook: Predictions of oil prices reaching $100 per barrel. BP’s Strategic Moves: BP aims …
2023/24 Global Economy: 3% Growth Amidst Conflict Read More »
Quick Look: AUD trades near a two-week high at 0.6630 against USD amid upcoming US CPI data and FOMC minutes. March CPI in the US will rise to 3.4% YoY; Fed rate cuts may appear from September 2024. Fed officials offer varied outlooks; Goolsbee warns against high rates, and Powell aims for 2% inflation. With …
AUD/USD Nears 2-Week High at 0.6630 Amid US CPI Await Read More »
Quick Look: U.S. stocks show slight gains as investors seek recovery from last week’s losses, with the Dow Jones up by 10 points. Market volatility was highlighted by significant downturns last week, including a 2.3% drop in the Dow Jones. Analysts emphasise the importance of upcoming inflation data and economic indicators like CPI and PPI. …
Quick Look: M&A activities in cybersecurity saw a decrease to $985 million across eight deals in 2024, down from $7.1 billion in 2023. Cyber threats increased 2.5x during geopolitical tensions, with 3,380 incidents reported in 2023. The security startup ecosystem remains vibrant with 522 firms; fundraising reached $620 million in 2023. Notable transactions in 2023 …
2024 Cybersecurity: M&A Downturn & Innovation Surge Read More »
Quick Look: RBNZ is on a path to hold OCR at 5.5% amidst recession and falling inflation. NZ is in a technical recession; the Q4 economy contracted by -0.3%. The US labour market is strong, but the Fed is cautious as no rate cuts are expected soon. The NZD/USD exchange rate is bearish, with analysts …
NZD/USD Dips Ahead of RBNZ Decision Amids Global Uncertainty Read More »
Quick Look: AUD gains against US Dollar amid economic optimism and ahead of US Initial Jobless Claims. Economic indicators show Australia’s robust economic performance, with services and composite PMI rising. US shows mixed economic signals; Fed officials signal readiness for rate adjustments. China’s Services PMI improvement suggests a stable recovery, affecting Australia positively. Aussie trades …
AUD Surges: Economic Optimism & Fed Insights Propel Rise Read More »
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