Thailand’s Prime Minister Paetongtarn Shinawatra has outlined her plans to kickstart the economy following her recent appointment. In a special cabinet meeting, she discussed policies that will be presented to parliament as her administration officially begins its term. Paetongtarn emphasized the need to continue the economic initiatives of her predecessor while making necessary adjustments. These
Recent reports from Bloomberg News indicate that the U.S. Federal Reserve and other regulators are gearing up to announce significant revisions to proposed bank capital rules. These changes, expected to span up to 450 pages, will focus on operational risk provisions, including adjustments to the capital requirements for business lines such as wealth management and
When considering making any financial decisions, it is crucial to conduct thorough due diligence. This involves researching and analyzing all relevant information before moving forward. Without proper due diligence, one may make uninformed decisions that could potentially lead to financial loss. It is essential to take the time to understand the risks and benefits associated
Gold prices have seen a resurgence in recent days, with a troy ounce of the precious metal currently priced at 2517 USD. This increase comes as the market eagerly anticipates the release of August’s US employment report, which could have a significant impact on the Federal Reserve’s interest rate policies. Given the recent signals of
The AUD/USD pair has seen a slight decline to near 0.6735 in Friday’s European session, marking a 0.10% decrease. Despite the hawkish remarks from the Reserve Bank of Australia (RBA) Governor Michele Bullock, the Australian Dollar weakened. This is partly due to the cautious sentiment in the market and the anticipation of the US Non-Farm
China’s former head of the People’s Bank of China, Yi Gang, emphasized the crucial need for policymakers to prioritize boosting domestic demand during his speech at the Bund Summit in Shanghai. He highlighted the urgency of fighting deflationary pressure as a key focus for China’s economic stability. Yi emphasized the importance of improving domestic demand,
Upon being named the new prime minister of France by President Emmanuel Macron, Michel Barnier faces a daunting task that goes beyond his previous experience negotiating Brexit for the European Union. Now, he must navigate the deep political faultlines within his own country and lead amidst a divided parliament. Michel Barnier, a seasoned conservative French
GBP/USD has managed to stay above the key level of 1.3100, indicating that buyers are currently in control of the market sentiment. The Relative Strength Index (RSI) also supports this by showing a bullish momentum, with the next resistance level at 1.3200 being eyed by traders. Potential Upside If the pair manages to clear the
Recent data from the Labor Department has shown a decline in the number of Americans filing new applications for jobless benefits. This trend is indicative of low layoffs and could help alleviate concerns about the state of the labor market. The report also highlighted a reduction in unemployment rolls to levels not seen since mid-June.
Visa’s recent announcement regarding its plans to launch a dedicated service for account-to-account (A2A) payments in Europe represents a significant shift away from traditional credit card methods. This move is aimed at providing consumers with a more secure and convenient payment option, while also potentially reducing Visa’s reliance on card transaction fees. One of the
The EUR/USD pair has maintained stability around 1.1077 as investors eagerly await crucial employment data from the United States. The upcoming ADP private sector jobs report, although not directly linked to the Nonfarm Payroll (NFP) report, serves as an indicator of market sentiment. Additionally, the release of weekly unemployment claims data will be closely monitored
Recent unemployment data has shown a spike in July, which has raised concerns about the state of the economy. Chief Global Economist Parker Ross pointed out that the rise in unemployment was not due to any specific event like Hurricane Beryl. This spike in unemployment has been attributed to temporary layoffs, which led the way