The U.S. Senate is on the brink of voting on final passage of a bill that will allocate $1.2 trillion to prevent a partial government shutdown. Majority Leader Chuck Schumer made an announcement just before a midnight deadline, signaling a potential deal to be reached. This legislation is crucial to avoid disruptions in government services
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Slovakia is set to hold a presidential election that could potentially strengthen Prime Minister Robert Fico’s power in the country. The election is crucial as it could influence various aspects of governance, including control over public media, anti-corruption laws, and foreign policy decisions. The frontrunner in the election is Peter Pellegrini, an ally of Prime
In the recent weeks, the dollar has shown significant strength against most G-10 currencies, except the yen. This can be attributed to the relatively strong U.S. economy and the high interest rates that have kept the carry trade alive. The Federal Reserve’s decision to hold its overnight rate between 5.25%-5.5% and project three cuts by
The Tokyo government has been making efforts to reverse the decline in marriages and births through various matchmaking events and now, by developing an artificial intelligence-powered dating app. These efforts have been met with mixed reactions from participants, with some expressing hope and others feeling hesitant. Despite hosting numerous matchmaking events aimed at helping people
In the world of high-profile investments, sovereign wealth funds have been eager to secure a stake in Anthropic, the cutting-edge artificial intelligence startup that is making waves in the industry. However, one notable absentee from this investment frenzy is Saudi Arabia. Anthropic has made the decision to exclude potential funding from the Saudis due to
The Dollar saw a significant increase in value for the second consecutive week due to a rise in US yields, pushing the USD Index (DXY) beyond the 104.00 level. Both the Federal Reserve (Fed) and the Bank of England (BoE) delivered dovish holds, while the Bank of Japan (BoJ) announced a dovish hike after 17
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The USD/JPY pair slipped to 151.00 in Friday’s late European session, showcasing the strength of the Japanese Yen against the US Dollar. Japan’s hot inflation data for February played a significant role in boosting investors’ confidence in the Bank of Japan’s (BoJ) decision to pivot towards policy normalization. The annual National headline Consumer Price Index
The recent comments from the Federal Reserve had a significant impact on the gold market, leading to a 3% increase initially. However, the dollar’s recovery later in the day caused this gain to dwindle to just 0.5%. This volatility in the market showcases the uncertainty and unpredictability that investors are currently facing. While the technical
The recent surge in immigration into the U.S. is proving to be beneficial for the economy, according to Joyce Chang, chair of global research at JPMorgan. Despite facing global challenges, the U.S. economy is displaying resilience, with the Federal Reserve raising its GDP growth projection to 2.1% for 2024. This increase comes after the economy
USDCAD recently experienced a flash drop to 1.3454 but managed to recover successfully. The pair closed Thursday’s session above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating a strong bullish momentum. This recovery has allowed USDCAD to maintain its position within a short-term bullish channel. On Friday, the bulls took charge and drove
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