Democratic Party (DP) presidential candidate Lee Jae-myung prepares to use nonfungible tokens to raise funds for his campaign. The party will issue NFTs to those who donate money for the campaign for the upcoming presidential elections. The NFTs will contain images of the candidate and his pledges. In an interview with Yonhap News, campaign official
Prelim was 57.8 Prior was 58.3 Siân Jones, Senior Economist at IHS Markit said: “December saw another subdued increase in US manufacturing output as material shortages and supplier delays dragged on. Although some reprieve was seen as supply chains deteriorated to the smallest extent since May, the impact of substantially longer lead times for inputs
New Delhi: Capital markets regulator Sebi on Monday tweaked the “exercise mechanism” of option contracts on commodity futures. The decision has been taken based on feedback received from stock exchanges and the recommendations of Commodity Derivatives Advisory Committee of Sebi. In a circular, Sebi said the prescribed mechanism will be adopted by exchanges for exercise
DXY partially reverses Friday’s pullback and approaches 96.00. Recent lows in the mid-95.00s should hold the downside for now. The recent corrective downside in DXY seems to have met some decent contention in the 95.50 region. A breach of the 95.50 zone should allow for an immediate test of the 55-day SMA at 95.39. On
The report (link here) says an administrative penalty decision in Danzhou City, Hainan Province has been circulating on the Internet. decision stated that a total of 39 residential buildings on Haihua Island under the Evergrande Group were determined to be illegal and required to be demolished planning permit obtained illegally has been revoked The date
SINGAPORE: Commodity prices from energy and metals to agricultural products rebounded sharply in 2021, with power fuels leading the rally, driven by tight supplies and a strong economic recovery as COVID-19 vaccinations staved off widespread lockdowns. Global demand for commodities is expected to remain robust in 2022 and underpin prices as the world economy continues
USD/CHF refreshes intraday high, snaps five-day downtrend to bounce off two-month low. Previous support lines from August, January 2021 restrict recovery moves. 50% Fibonacci retracement, November’s low on bear’s radar. Descending RSI line, the key support breaks keep sellers hopeful. USD/CHF rebounds from a two-month low to defend the 0.9100 threshold, around 0.9130 during Monday’s
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In the last couple of years, the stock-to-flow model proposed by PlanB has become very famous. A quantitative study published on the site planbtc.com shows the model and the prediction that Bitcoin (BTC) could reach the capitalization of $100 trillion. Obviously, the crypto industry, including myself, was fascinated by the logic of the model and
OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores production halted during
The S&P 500 is flat in subdued trade on the final session of 2021, having slipped back under 4800 on Thursday. The index is on course to post an annual return of more than 27%. All the major US indices were powered higher in 2021 by massive fiscal and monetary stimulus plus mass vaccine rollouts.
In some relief for consumers on New Year, National Oil Marketing companies have slashed the prices of 19 kg commercial LPG cylinder cost by Rs 102.50 effective from January 1, 2022. The 19 kg commercial cylinder will cost Rs 1998.50 in Delhi from today, sources told ANI. It will provide some relief to restaurants, eateries
The USD/JPY edges higher in the year’s last trading day, up some 0.03%. A risk-off market mood put capped the downtrend of the USD/JPY. USD/JPY Price Forecast: The upward bias to continue, a break above 115.20 would open the door for a test of the YTD high at 115.52. As of year-end looms, the USD/JPY
Risk-on sentiment is somewhat taking a breather as S&P closed slightly lower after making new high. But Yen remains overwhelmingly the worst performing one for the week, followed by Kiwi and then Euro. On the other hand, Sterling is currently the strongest one together with Swiss Franc, thanks additional to Euro’s weakness. Aussie is firm
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