Thu, March 28, 2024

economy

Stocks and various factors, Baltimore

$2M Daily Loss: Baltimore Bridge Collapse Aftermath

Quick Look: The Francis Scott Key Bridge in Baltimore collapsed after a massive container ship strike.  Daily wage loss is estimated at $2 million, affecting 8,000 jobs and disrupting cargo worth up to $200 million. President Biden seeks federal funding for rebuilding, highlighting the Bipartisan Infrastructure Law’s role.  Minimal overall economic growth impact predicted, with …

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Dollar and Euro

EUR/USD Dips And DXY at 104.30: Currency Shifts

Quick Look: EUR/USD rate Dips to 1.0820 during the Asian session. The US Dollar Index (DXY) hovers around 104.30, adjusting from March’s highs.  US GDP annualized Q4 2023 is expected to maintain a 3.2% increase. As the global financial landscape evolves, currency exchange rates and economic indexes are pivotal indicators for investors and policymakers. In particular, …

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ReFi - Portfolio diversification: Where to Pour Your Money

ReFi: A New Era of Eco-Friendly Wealth

In the evolving landscape of global finance, Regenerative Finance (ReFi) emerges as a beacon of innovation and sustainability. By integrating the principles of environmental conservation, social equity, and economic growth, ReFi seeks to redefine the essence of financial transactions within the burgeoning field of cryptocurrency. This approach challenges the prevailing norms of profit-driven capitalism. Besides, …

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dollar, usd/cad-american-canadian-dollars

USD/CAD Eyes 1.3600 Amid Market Volatility

Quick Look: USD/CAD rebounds near 1.3590, aiming for a recovery after recent dips. Speculation arises on USD/CAD’s potential to test the 1.3600 mark, influenced by crude oil dynamics and market sentiment. Recent downturns in WTI oil prices and remarks from the Bank of Canada (BoC) highlight significant economic challenges. The USD/CAD pair currently hovers near …

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bank of france

France’s Fiscal Path 2023-2027: Deficit & Growth

Quick Look: France’s public deficit climbed to 5.5% of GDP in 2023, beyond the set target of 4.9%. The French government sets a reduction target for the deficit to less than 3% by 2027. Macron’s visit to Brazil emphasizes strengthening economic ties, focusing on green investment and defence cooperation. Amidst the global recovery phase, the …

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NZD/USD - NZD USD digital trading chart.

NZD/USD Nears 0.6000 Amid Global Economic Shifts

Quick Look: The NZD/USD hovers around 0.6000 during Tuesday’s early Asian session. The US Dollar Index (DXY) is above 104.00, recently retreating from peaks. US PCE data, New Zealand ANZ Business Confidence, and other key reports ahead.  Recent US economic data have painted a picture of an economy experiencing nuanced shifts. February saw new home sales dip …

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AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Rises 0.41% Amid Economic Uncertainty

Quick Look: AUD/USD  current exchange rate at 0.6539, marking a +0.41% gain on Monday. Positioned below the 200-DMA, indicating a cautious outlook. Investor sentiment sways between global economic events and central bank decisions. The AUD/USD exchange rate notched a modest gain of +0.41% on Monday as the pair settled at 0.6539. Although seemingly minor, this …

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New Zealand and The influence of coronavirus

New Zealand Back to Recession: GDP Falls 0.1%

Quick Look New Zealand’s economic contraction by 0.1% in the last quarter of 2023. The per capita economy shrank by 0.7% in the same period. A record migration intake of 141,000 in 2023 amidst economic downturns. The upcoming national budget may introduce significant adjustments in response to the recession. New Zealand’s Central Bank indicates potential …

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FTX

FTX Saga: $400M Vanished, Bitcoin Plummets 8%

Quick Look: The cryptocurrency market experienced a significant loss, shedding $400 value. Bitcoin witnessed its worst performance since the FTX collapse, dropping 8% to below $61,000. Grayscale’s ETF recorded a historic outflow, while the FTX descends sent shockwaves through the industry. In an unsettling turn of events, the cryptocurrency market has drastically declined, erasing $400 …

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Wibest – Australian Money: Australian dollar bills.

Australian Dollar: Unemployment Hits 3.7%, 116.5k Jobs Added

Quick Look: Unemployment rate decreased to 3.7% from 4%, dipping below the 12-month average. AUD/USD rate surpassed 66 cents, aiming for the 0.6650/60 zone. Australian 3-year bond yield saw up to a 9 basis point drop. An expected job addition of 40,000 could lower unemployment to 4.0%. Australia’s employment landscape has recently presented compelling evidence …

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EUR/USD - Euro and the united states dollar

EUR/USD Surges to 1.0900 After Fed Holds Rates

Quick Look EUR/USD surged past 1.0900 following the Federal Reserve’s decision to maintain interest rates at 5.5%. Investors interpreted the move as dovish, with expectations leaning towards further easing in 2024. Fed Chair Powell cited easing inflation but highlighted ongoing concerns with the tight labour market. The financial markets experienced a significant shift as the …

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The Risk-off Wave Slows Down as China Virus Fear Subsides

S&P 500 Hits 18th Record Close of 2024, Movement Up 0.6%

Quick Look: S&P 500 achieved an 18th record close of 2024 at 5,178.51, up by 0.6%. The Dow Jones Industrial Average ascended by 0.8%, marking its highest movement since February 22, 2024. Nasdaq Composite increased by almost 0.4%, with Nvidia’s shares rising post-AI conference announcements. The stock market presented an impressive performance on Tuesday, underscoring …

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The Greenback: A pile of Canadian dollar bills.

Canadian Dollar Edges Up to 1.3545; WTI Crude Drops to $82.10

Quick Look: US Dollar to Canadian Dollar sees a slight increase, closing at 1.3545 with current consolidation around 1.3540. WTI Crude Oil experiences a decline from $84.48 to the latest price of $82.10 per barrel. Anticipation builds around major policy meetings, including the Federal Open Market Committee and the Bank of Japan.  The trading session involving …

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