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Richmond Federal Reserve President Thomas Barkin recently addressed the state of the economy, expressing confidence in its trajectory towards a soft landing. However, he also emphasized the need for caution among policymakers, recognizing the challenges that lie ahead. Despite progress in managing inflation and sustaining economic growth, Barkin indicated that interest rate hikes are still
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The US dollar saw a significant rally during Tuesday’s trading session, breaking above the 142 yen level. This movement has sparked hope among traders, suggesting a potential resurgence for the struggling currency. However, there are still hurdles to overcome before the dollar can fully recover. To solidify its upward trajectory, the USD needs to break
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The silver price (XAG/USD) is experiencing difficulties in maintaining its position above the significant resistance level of $24.00. This struggle is occurring amidst an increase in demand for safe-haven assets. Investors are displaying cautious behavior ahead of key events such as the release of the FOMC minutes, Manufacturing PMI data, and labor market information. The
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The GBPUSD currency pair has recently experienced a surge in value, reaching a four-month peak. However, despite this positive momentum, it has also faced some setbacks along the way. Prior to its current upward trajectory, GBPUSD broke above a significant descending trendline in early November, signaling a potential shift in its overall performance. This bullish
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In late 1976, Mohammad Yunus embarked on a mission to alleviate poverty in Bangladesh’s port city of Chittagong. He introduced the concept of microfinance and began offering small loans, as low as $100, to empower women and protect them from exploitative moneylenders. This initiative marked the beginning of a microfinance movement that would eventually spread
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Traders keeping a close eye on EURNZD have noticed the presence of incomplete bearish sequences in the cycle from the peak on August 21st. This has led to a bearish outlook for the pair, with a target of 1.7329 area. Traders have been advised to avoid buying and instead focus on short positions. A recent
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Indonesia has taken significant measures to reduce its 2023 budget deficit, signaling a commitment to economic stability despite challenges in the global economy. The finance minister, Sri Mulyani Indrawati, announced that the deficit has been lowered to 347.6 trillion rupiah ($22.48 billion), equivalent to 1.65% of gross domestic product (GDP) based on unaudited figures. Indonesia’s
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