Solverse, a Solana-focused accelerator program, has tapped 21 subject matter experts to advise on up-and-coming Solana projects, setting the stage for further development of the high-performance blockchain network. Representatives from 20 companies were selected to join the Solverse mentorship program. The mentors themselves come from diverse backgrounds, including global investment banking, blockchain infrastructure and media.
The dollar keeps slight gains across the board for now This is something similar to what we saw yesterday and the ranges of the moves are still keeping in tune with what has been transpiring throughout the week. EUR/USD is back under 1.2200 and keeping below its key hourly moving averages but swing region support
Latest data released by Markit/CIPS – 3 June 2021 Composite PMI 62.9 vs 62.0 prelim The preliminary report can be found here. Stronger revisions only add to the gloss on this report as UK services sector output growth is seen at its quickest in 24 years. The reopening of the economy and looser virus restrictions
NEW DELHI: Gold prices remained steady, hovering around the five-month highs on Thursday, after the US treasury yield softened. Investors are awaiting the key US economic readings later this week. The yellow metal has turned choppy in domestic markets as investors look towards the monetary policy stance of the central bank. Focus shifts to US
The latest PMIs reveal that China’s economic activities eased in May. The Caixin services PMI eased to 55.1 in May from 56.3 a month ago, while the manufacturing PMI increased marginally, by -0.1 point, to 52.The detailed report suggests that new business slowed which price pressures intensified. The situation applies not only to the services
The recent spike in U.S. inflation is likely transitory for now — but it could become more persistent in the coming years as more people return to work, said former New York Fed President William Dudley. “I think that the scare right now is probably going to abate a bit as we go through the
EUR/USD fades the initial optimism and recedes below 1.2200. The dollar attempts a recovery ahead of key data releases. Final May EMU Services PMI came in above consensus. The single currency resumes the downside after a positive start of the session and now drags EUR/USD back below the key support at 1.2200 the figure. EUR/USD
Major indices little changed The US stocks gave up most of their earlier gains but still found some buying near the close and are closing higher on the day. The Dow industrial average has extended its winning streak to 5 trading days. The Dow is 2% from its all-time high The S&P is up 4 of the last 5 trading days. The S&P
Forex news for North American trading on June 2, 2021 A rollercoaster day in the forex and stock markets today. The only data came out of Canada with building permits which showed a decline of -0.5% but that was much better than expectations. The Feds Beige book was released later in the day, and showed
NEW DELHI: Gold slipped by Rs 116 to Rs 48,772 per 10 grams in the national capital on Wednesday in line with a fall in global precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,888 per 10 grams. Silver also tumbled Rs 1,291 to Rs 70,836 per
The financial markets continue to be range bound today, as traders seem to be holding their bets before Friday’s US job report. Dollar is recovering mildly but it’s held below next term resistance levels. Sterling is currently the stronger one, while Swiss France is the weakest. Technically, we’re still staying near term bearish on the
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke Wednesday for the first time since President Joe
In this article ZM Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom reported better-than-expected results on Tuesday, with sales growth of 191%. But the shares fell as much as 5% in extended
GBP/USD turns positive on the day above 1.4160 GBP/USD reversed its direction after dropping toward 1.4100. US Dollar Index retreated modestly from daily highs. UK PM Johnson says they are on track to end restrictions on June 21. The GBP/USD pair fell to a fresh daily low of 1.4112 during the European session but didn’t
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Chris MacManus, a Member of the European Parliament (MEP) representing Midland Northwest, Ireland, has called for strict crypto regulations in Europe. According to a report on Wednesday, the MEP from Sinn Féin wants wholesale changes to the European Union’s proposed cryptocurrency changes. MacManus has submitted 45 amendments to the EU aimed at toughening crypto laws