Month: December 2022

Play-to-earn gaming enabled by blockchain technology has grown exponentially over the few years.  Gamers have embraced the opportunity to collect cryptocurrencies or ​nonfungible tokens (​NFTs​)​ that have been produced in blockchain-based games. Through the advent of this new technology, players have been able to generate income by selling in-game NFTs or earning cryptocurrency rewards, both
The Russia-Ukraine war, US Fed’s aggressive rate hikes, and persistent worries about China’s economy cast extreme volatility in commodity prices throughout 2022. There was an abrupt rise in commodity prices when Russia invaded Ukraine in the last week of February. Supply constraints and worries about inflation have helped prices to surge to their record or
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December PMIs from China’s National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP). Manufacturing 47.0 prior 48.0 Services 41.6 prior 46.7 Composite 42.6 prior 47.1 Languishing with the renewed COVID-19 outbreak as China moved rapidly towards reopening. While widespread lockdowns are a thing of the past self-imposed isolation and illness
Economists at Credit Suisse expect the Chinese Yuan to continue weakening in the coming months. Asia FX complex is likely to remain weak in the first part of 2023 “The Asia FX complex is likely to remain weak in the first part of 2023 given the resilient USD trend.” “Some divergence across the region can
Yen’s rebound continues in Asian session today, and looks set to end as the best performer for the month. Swiss Franc follows as the next strongest with much help from buying against Euro and Sterling, and overall bearish market sentiment. Canadian and Australian Dollars are the worst in December for the same reason while Dollar
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