Australian Industry Group Performance of Services Index for November 2022. Ugly result at 45.6. Main points from the group’s report: 3rd month of decline All activity indicators in contraction employment and new orders indicators declined significantly in November, suggesting weakening demand capacity utilisation remained elevated, rising to 82.8%. In services, this reflects ongoing tight employment
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Dollar tried to rebound overnight, as risk-on sentiment receded after solid services data. But there is no follow through buying in Asian session with generally mixed mood. Aussie is under mild selling pressure and there is no support from RBA’s expected 25bps rate hike. For now, Dollar and Euro are on the stronger side for
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The Lightning Network has struck Ghana, Kenya and Nigeria. During a conference in Ghana, Strike CEO Jack Mallers announced that the Bitcoin (BTC) payments company has partnered with the mobile app Bitnob to facilitate payments into Africa.  Mallers made the announcement on stage at AfroBitcoin, a Bitcoin conference in Ghana’s capital city of Accra. He stood alongside
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