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HSBC files metaverse and NFT patents British banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications.  A June 12 filing to the United States Patent and Trademark Office (USPTO) show the bank’s trademarks including metaverse banking, consulting, and financial services, along with virtual credit cards that point to a potential
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Share: EUR/USD takes offers to reverse late Tuesday’s corrective bounce amid four-day downtrend. Bullish chart formation, hawkish ECB clues challenge Euro sellers ahead of Fed Chair Powell’s bi-annual Testimony. Clear break of 1.0935-40 could convince EUR/USD bulls to return to the table. EUR/USD stays on the bear’s radar for the fourth consecutive day as it
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Westpac-Melbourne Institute Leading Index for May 2023, main points made by WPAC on their data: The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, declined to -1.09% in May from -0.78% in April. Tenth consecutive
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Australian Dollar is trading broadly lower today, reflecting uncertainties that emerged after release of minutes from RBA meeting earlier this month. The minutes revealed that a hold was considered at the meeting. Arguments were finely balanced even though it eventually decided to hike 25bps. These revelations have stirred market doubts about the continuity of monetary
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Share: Natural Gas price corrects from its daily highs after the release of upbeat macroeconomic housing data from the US, which supports the US Dollar and weighs on XNG/USD.  Natural Gas pares earlier gains reached after Norwegian data showed lower-than-expected production in May, sparking supply fears. Despite bullish fundamentals, the longer-term technical trend remains bearish as long as prices
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Air travel is certainly back as consumers return to the skies after years of covid-related curbs. The TSA reports that on Friday it screened 2.785m people, which is the highest number of passengers in a single day since 2019. Couple that with today’s surprise 21.7% jump in US housing starts and higher rates aren’t exactly
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Bullion prices extended their losses on Tuesday on a stronger Dollar Index (DXY). Analysts expect gold to be range bound in today’s session with a bearish tilt. MCX August Gold futures were trading at Rs 59,176 per 10 grams in the opening trade and were unchanged as against their last close while July Silver futures
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