DEXs, or decentralized exchanges, are peer-to-peer markets where cryptocurrency traders can conduct transactions without entrusting their cash to a third party. These transactions are made possible via smart contracts, which are self-executing agreements written in code. The initial DEX was very slow. A new generation of DEX rose to prominence in 2018. Instead of buyers and … [Read more...] about Top 8 DEX Cryptocurrencies to Buy
US Private Employment Contracts for the First Time Since December 2020
Source: ADP Research Institute The US private employment declined for the first time in 13 months in January, dragged by ongoing concerns regarding the Omicron variant of COVID-19. Private sector employment fell by 301,000 jobs in January, a reversal of the 776,000 growth in December 2021 and a 196,000 increase the previous year.The latest reading is the first contraction … [Read more...] about US Private Employment Contracts for the First Time Since December 2020
Mortgage Refinances up 18% as Inventories Remain Low
Source: CNBC Mortgage applications saw a double-digit climb in the past week, with the average purchase loan size jumping to record highs as inventories dwindle. XHB is up 1.10%. Seasonally adjusted applications to refinance a home loan increased by 18% week to week, but 50% lower than the same week in the previous year.The share of mortgage activity grew to 57.3% of … [Read more...] about Mortgage Refinances up 18% as Inventories Remain Low
Eurozone Inflation Climbs to New All-Time High
Source: Eurostat Eurozone inflation continued to accelerate in January, opening the year with a fresh record-high of 5.1%. EZU is up 0.63%, and VGK up 0.45% premarket. The latest reading compares with the 5.0% in December and the 0.9% recorded in January the previous year.Energy remained the biggest driver, recording the highest annual rate at 28.6% from 25.9% the … [Read more...] about Eurozone Inflation Climbs to New All-Time High
US Manufacturing Growth Eases in January to the Lowest in 14 Months
Source: Institute for Supply Chain Management US Manufacturing PMI was posted at 57.6% in January, down by 1.2 percentage points from December. SPY is down -0.30%, DXY is down -0.27%. The PMI was the lowest since November 2020 but underlined manufacturing expansion for the 20th straight month.Supplier deliveries held at 64.6, an encouraging figure as analysts projected a … [Read more...] about US Manufacturing Growth Eases in January to the Lowest in 14 Months
