Tue, May 21, 2024

Tariffs

bitcoin

Bitcoin Slips to $61,974 Amid Regulatory Woes

Quick Look: Bitcoin dipped to $61,974.9, down 0.9%, amid market fluctuations driven by regulatory and economic updates. The Fed’s monetary stance and upcoming US CPI data are crucial in shaping crypto market sentiments. Increased US crypto regulations and geopolitical tensions are affecting altcoins, underscoring the interconnectedness of global markets. Today, Bitcoin’s trading price is $61,974.9, …

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Wibest – the aud: Austalian dollar bills.

AUD/USD: Critical Events to Drive Weekly Dynamics

Quick Look: The People’s Bank of China will likely maintain key rates; any changes could influence AUD significantly.  AUD/USD shows bearish trends; key resistance is $0.64582, and support is $0.62713. Australian and US inflation figures due this week could heavily impact market expectations and Fed rate decisions. This week, financial markets are at the edge …

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Wibest – NZD USD: A close up of a New Zealand dollar coin.

NZD/USD Struggles at Key Resistance Levels

Quick Look: NZD/USD stalled at 0.5920 and faces resistance at 0.5940 with further hurdles at 0.6100, 0.6135, and 0.6160. Positioned below 200-hour EMA of 0.5950; RSI below 60, suggesting potential upward movement.  Cautious investor sentiment due to US inflation, geopolitical tensions, and high US interest rates. The New Zealand Dollar (NZD) is presently encountering a slight …

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U.S. economy and Labor Department

Nikkei Peaks, CSI Gains Amid Global Economic Tensions

Quick Look Asia’s markets open with mixed expectations amid key economic data anticipation. Japan’s Nikkei 225 Index hits a historic peak, reflecting strong investor confidence. China’s CSI 300 Index extends gains, while South Korea’s Kospi faces setbacks. Global trade policies, including Trump’s tariff proposals, pose potential challenges. Upcoming trade meetings in Abu Dhabi to discuss …

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Joe Biden and his economic plan

US-China Talks: Bridging Economic Gaps in 2023-2024

The US and China embarked on a series of high-level economic discussions spearheaded by US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng. The establishment of the Economic Working Group in September 2023 aims to address trade imbalances, tariffs, and global economic policies. Concerns over China’s industrial overcapacity and its dominance in the …

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Taiwan and its central bank

Taiwan Democracy: Economic Coercion and Resilience

In the intricate web of international relations, Taiwan democracy faces multifaceted challenges, particularly in its economic sector. This article explores the complex dynamics between Taiwan’s democratic governance, economic landscape, and Beijing‘s strategies of economic coercion. In early 2021, Beijing imposed import bans on Taiwanese agricultural products under the guise of safety concerns, revealing a broader …

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Inflation

Inflationary Pressure: Georgia’s Economic Resilience

In global economics, addressing inflationary pressure is an ongoing challenge. Georgia’s recent successes, as highlighted by Deputy Economy Minister Vakhtang Tsintsadze, offer a notable example of effective management. This article examines Georgia’s strategies for curbing inflation, focusing on recent achievements and the outlook for the coming year, and considers the broader effects of inflation on …

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Cryptocurrency

Advantages of Decentralized Cryptocurrency

Advantages of Decentralized Crypto Currency The information revolution is about to begin throughout the world. What does this mean for cryptocurrency industry? Transmitting information is becoming more than just a means of communication; it is also a way to transmit and measure wealth and worth. Money is no longer the sole realm of banks; anyone …

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Renewable power

Renewable power prices surge on heavy demand

Renewable power prices in major global markets sharply climbed as companies turned to green energy, a hedge against rising fossil-fuel costs. Accordingly, LevelTen Energy, the operator of the world’s most significant power-purchase agreement (PPA) marketplace, reported a considerable upturn. It revealed that wind and solar power contracts skyrocketed by 28.50% year-over-year in North America. Likewise, …

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China applies to enter a trans-Pacific trade deal

China applies to enter a trans-Pacific trade deal

China’s commerce ministry announced that the country has applied to enter the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership). Remarkably, the country looks to boost its clout in trade. The Chinese ministry, Damien O’Connor, reported that commerce Minister Wang Wentao submitted the country’s application to join the free trade agreement in a letter to …

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China aims to turn Ningxia into France’s Bordeaux rival

China aims to turn Ningxia into France’s Bordeaux rival

China, a fast-growing wine market, plans to turn its primary wine-producing region of Ningxia into a center of top-quality wine production. It also plans to compete with international brands and boost the local economy. The latest news revealed that the Asian giant aims to turn Ningxia into one that rivals France’s Bordeaux. A plan, which …

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