Thailand’s newly elected Prime Minister, Paetongtarn Shinawatra, has expressed her commitment to stimulating the economy right away. In a recent special cabinet meeting, she outlined plans to continue the policies of her predecessor, Srettha Thavisin, with some adjustments. The focus will be on debt restructuring, supporting small and medium-sized enterprises, and boosting the agricultural and
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Recently, there have been reports that the U.S. Federal Reserve, along with other regulators, is gearing up to introduce significant changes to proposed banks capital rules. This new proposal is expected to be unveiled as early as September 19 and could span up to approximately 450 pages. A key focus of these revisions is centered
In today’s fast-paced world of investing and trading, it is crucial to conduct thorough due diligence before making any financial decision. The information provided on various platforms, including news websites, publications, and analysis reports, should be viewed as a starting point for your research, not as a definitive guide. Personal Responsibility It is important to
Gold prices have seen a significant increase, with a troy ounce of the precious metal now priced at 2517 USD. This surge comes as the market eagerly anticipates the release of August’s crucial US employment report, which could have implications for the Federal Reserve’s interest rate outlook. Lower interest rates would reduce the cost of
The AUD/USD pair saw a decline to near 0.6735 during Friday’s European session, marking a 0.10% decrease on the day. Despite Reserve Bank of Australia’s (RBA) hawkish comments, the Australian Dollar failed to gain strength due to cautious market sentiment. The highlight of the day was the upcoming US Non-Farm Payrolls (NFP) report for August.
Michel Barnier, a figure known for his role in negotiating Brexit, has now been appointed as the Prime Minister of France. This transition from EU politics to domestic governance comes at a crucial time for the country, as it is faced with a fragmented political landscape and economic challenges. With his extensive experience in European
China’s former central bank head, Yi Gang, emphasized the need for policymakers to prioritize boosting domestic demand during his speech at the Bund Summit in Shanghai. He highlighted the importance of combating deflationary pressures and improving domestic demand to address challenges such as the real estate market and local government debt issues. Yi emphasized the
The GBP/USD pair has managed to stay above the 1.3100 mark, indicating that buyers are currently in control of the market. This is further confirmed by the Relative Strength Index (RSI), which is showing that the buyers are gaining momentum. The pair is now eyeing the 1.3200 resistance level, with the potential to challenge the
Recent data from the Labor Department revealed a decline in the number of Americans filing new applications for jobless benefits. This decrease in jobless claims suggests that layoffs are remaining low, which is a positive sign for the labor market. The report also indicated a reduction in unemployment rolls to levels last seen in mid-June.
As the EUR/USD pair hovers around 1.1077, investors are eagerly awaiting crucial employment data from the United States. The upcoming ADP private sector jobs report is expected to provide insights into market sentiment, setting the tone for the highly anticipated Nonfarm Payroll (NFP) report on Friday. The focus on employment indicators by the Federal Reserve
Visa has announced its plan to revolutionize the way people make payments by launching a dedicated service for bank transfers. This service will bypass credit cards and the traditional direct debit process, providing users with a more convenient and secure way to handle their transactions. With the increasing demand for digital payment solutions, Visa’s move
The spike in unemployment in July, as noted by Arch Capital Chief Global Economist Parker Ross, was attributed to temporary layoffs. This indicates that the increase in unemployment was not necessarily due to underlying economic weaknesses but rather a temporary disruption in the labor market. Ross suggests that if these layoffs were indeed temporary, a