Japan in Turmoil: Prime Minister Ishiba Resigns After Election Defeat, LDP Leadership Vote Set for October 4 Japan in Turmoil: What Comes Next After Prime Minister Ishiba Resigns? Tokyo Japan Japanese politics was shaken this week as Prime Minister Shigeru Ishiba announced his resignation as both head of government and president of the ruling…
Sarah Breeden, Deputy Governor of the Bank of England, said that stablecoins can become an important tool for speeding up and reducing the cost of cross-border transfers. Speaking in London, she stressed that the world is moving towards a «multi-currency system» where there will be a place for digital stable assets. According to her, stablecoins…
On September 7, eight OPEC+ countries – Russia, Saudi Arabia, the United Arab Emirates, Iraq, Kuwait, Kazakhstan, Oman and Algeria – will consider the possibility of increasing oil production in October. No final decision has been made yet: countries can either increase production or suspend expansion. In September, the G8 has already increased quotas by…
The British pound weakened sharply on Tuesday amid concerns about the stability of government finances. The GBP/USD exchange rate decreased by 1.22%, falling to 1.3373, the lowest since August 7. The pressure was increased by an increase in the yield of 30-year government bonds to the levels of 1998, which spread to the foreign exchange…
On Tuesday afternoon, the US dollar accelerated its growth in pairs with the euro, pound and yen amid increased demand for defensive assets and sales in global equity and bond markets. The ICE dollar index (DXY), which tracks the dynamics of the US currency against a basket of six currencies, rose by 0.57%, the highest…
Precious metals prices rose markedly on Monday, with gold reaching a four–month high and silver reaching its highest level since September 2011. On the spot market, gold rose 1% to $3,487 per ounce, while December Comex futures rose 0.8% to $355. Silver added 2.4% to $40.61 per ounce. The increase in quotations is due to…
The financial markets started autumn turbulently: the dollar collapsed to a 5-week low under pressure from a court ruling on Donald Trump’s tariff policy. Intel received a $5.7 billion advance under the CHIPS Act. Meta unexpectedly began talks on a partnership with Google and OpenAI to strengthen its AI position, and Oracle shares plunged by…
Gold has stabilized after two days of gains amid concerns about Federal Reserve independence and US inflation risks. Currently, investors are closely watching signals from the Fed regarding the future path for interest rates, and fears of possible political pressure on the Fed to lower rates before inflation is entirely under control are fueling demand…
Ethereum’s uptrend and Bitcoin’s decline have both contributed to a more volatile market environment. Investors are now focusing their attention on Ethereum, as Bitcoin has notably retreated. Meanwhile, companies in the broad-based S&P 500 index are expected to see further gains after recent record highs. The crypto market opened the week deeply in the red…
Gold is trading around 3,331, above the 4/8 Murray level, and within the downtrend channel formed since early August. Friday’s bullish momentum, fueled by Powell’s dovish comments, pushed gold from the lows of 3,322 up to near 3,380, reaching the top of the downtrend channel. If gold breaks above the 5/8 Murray level, we could…