Labour market remains (very) tight – UOB
The latest jobs report in Australia has revealed a decrease in the unemployment rate to 3.5%, which is around a 50-year low. This figure is down from 3.7% in January and against expectations of 3.6%. The employment rate has also seen an increase of 64,600 people in February, compared to a revised fall of 10,900 […]
Gold Futures: Further correction on the cards
ngs. The Commodity Futures Trading Commission (CFTC) reported that open interest in gold futures markets increased from 535,894 to 542,008 for the week ending on the 10th of August, marking a significant rise in the precious metal’s futures market. The increase in open interest is an important indicator of investor sentiment towards gold. As more […]
MakerDAO’s emergency proposal triggers 26% MKR price plunge
MakerDAO, a decentralized finance (DeFi) protocol behind the Maker (MKR) token, witnessed a sharp 26% value decrease within a week following the news of an emergency proposal aiming to address the platform’s $3.1 billion USD Coin (USDC) exposure. Investors and stakeholders in the ecosystem were concerned about the overexposure to a single asset, particularly USDC’s […]
How to use ChatGPT: Best free online courses
Artificial intelligence, or AI, is a fascinating and rapidly growing field that has the potential to transform our society in countless ways. From automating mundane tasks to creating innovative solutions to complex problems, AI has already begun to make our lives more convenient and efficient. If you’re interested in learning more about AI and how […]
ETH Turns Attractive On Dips
As cryptocurrency becomes increasingly popular, Ethereum has proven to be a strong competitor in the digital currency market. Ethereum has surged in popularity in recent years and is now the world’s second-largest cryptocurrency by market capitalization, behind only Bitcoin. ETH price is currently consolidating above the $1,730 level against the US Dollar, moving higher above […]
6.8763 vs. last close of 6.8785
The People’s Bank of China (PBOC) has announced the yuan’s rate at 6.8763 against the previous day’s closing rate of 6.8785 and an estimate of 6.8753. This news has had a significant impact on the global financial markets, as China’s economy is the second-largest in the world and tightly controls the yuan’s rate within the […]
$XRP Whale Numbers Grow as Large Investors Stockpile 420 Million Tokens, Data Shows
The number of whales on the XRP Ledger has been growing recently, and large investors have been behaving aggressively by accumulating the cryptocurrency. The accumulation is said to be in anticipation of a favorable outcome in the legal battle between Ripple and the U.S. Securities and Exchange Commission. This information was provided by on-chain analytics […]