USD/JPY Plummets to 157.21, Accelerating Decline
Analysis of USD/JPY Hourly Chart
Upon observing the current USD/JPY hourly chart, a notable shift in momentum is evident. The previous 150-pip decline, while significant, lacked the intensity now present in the market. The ongoing drop in USD/JPY is gaining strength and credibility, indicating a more forceful movement. The latest update places USD/JPY at 156.85, reflecting the evolving market dynamics.
Tokyo’s Response to Yen Fluctuations
As Tokyo reacts to the fluctuating yen, the duration of their intervention remains uncer
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Weeks before the presidential election, the strength of the peso is surprising
The peso resists and advances in this electoral contest. During the last six months it gained 1.02 pesos against the dollar, equivalent to a rebound of 5.06%. Performance that differs from the behavior of our currency in past federal elections.
Even a month and a few days after the start of the Electoral campaignsOn April 8, the exchange rate closed at 16.33 pesos, a level not seen since August 2015.
In the last four electoral campaigns, on average, the Mexican peso depreciated 3.75%. However, 2023 and now 2024 have been characterized by significant strength,” considered Janneth Quiroz, Director of Analysis at Monex.
EL moment
According to an analysis by Quiroz, “the electoral process is in a favorable momentum for Mexico, since the country has a high expectation of investment in the following years due to the nearshoring. There is an attractive rate differential between those of the United States and Mexico, coupled with lower country risk compared to other emerging countries. In addition, Mexico is the main supplier of goods to the US.”
Citi noted that “the currency has maintained a favorable behavior,” and that, unlike previous contests, in wh
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Weeks before the presidential election, the strength of the peso is surprising
Musk on a surprise visit to Beijing. He met with Premier Li Qiang
#Musk #surprise #visit #Beijing #met #Premier #Qiang
The owner of “Tesla”, “SpaceX” and the social platform “X” Elon Musk, who is one of the richest people in the world, arrived in China today, Beijing officials told China Central Television, AFP and reported.
“Tesla CEO Elon Musk arrived in Beijing this afternoon at the invitation of the China Council for the Promotion of International Trade”China Central Television reported.
The visit was not announced in advance.
Earlier today, a flight-tracking app showed that a private jet connecting with Musk had landed in Beijing this morning, and two sources familiar with the matter said the billionaire was making a surprise visit to the country, the country’s second-largest market for his cars, reported.
Musk met with Chinese Premier Li Qiang. During the visit, the Chinese politician said that the de
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Musk on a surprise visit to Beijing. He met with Premier Li Qiang
The Noyer mission’s proposals to initiate the “union of savings and investment” in Europe
Noting the failure of the pan-European individual retirement savings product (PEPP), launched in 2022, without ever really taking off, France is now advocating another method for mobilizing the savings of Europeans, in order to meet financing needs “massive” years to come. This is one of the proposals of the mission chaired by Christian Noyer, former governor of the Banque de France, from 2003 to 2015, mandated in January by the Minister of the Economy, Bruno Le Maire, and which delivered its conclusions , Thursday April 25.
The stakes are high, since financing the ecological transition, the digital transition and new needs linked, among others, to defense could mobilize nearly 1,000 billion additional euros
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The Noyer mission’s proposals to initiate the “union of savings and investment” in Europe
The airline gives up on Schiphol
Diederik Pen, the Dutchman who has been president of the Canadian airline WestJet since the middle of this year, says that a return of the airline to Schiphol is not an option.
As a direct reason, he cites the uncertainty surrounding the Schiphol shrinkage. In 2022 the number of annual flights would increase reduce to 440,000but after several lawsuits and appeals, that plan was canceled (for the moment) in the refrigerator. However, the contraction is not yet definitively over and obtaining slots is still uncertain. According to Pen, airlines, including WestJet, see no solution in betting on Schiphol in these circumstances. «Twice we were only assigned winter landing spots at the last minute. This is not very interesting from a business point of view, because both Canada and Europe are more of a summer destination. It failed because we could only sell tickets two months before the flights started. Then we were denied the right to land for the summer. As a result, we suffered millions in losses, partly due to my optimism,” the WestJet president said in an interview with The telegraph.
WestJet sees an alternative
In August 2021, WestJet landed at Schiphol with its Boeing 787, but those flights were short-lived. In November 2022, the airline returned to three weekly flights, but WestJet once again ceased such operations. Despite this, th
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Bitcoin Prices Fall as Fed Signals High Interest Rates Ahead
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Bitcoin prices fell to a week low today. They were under pressure from expectations that the US Federal Reserve (Fed) would keep interest rates high for longer. After the US revealed higher than expected inflation
Bloomberg news agency reported that Bitcoin fell more than 2% to $62,505 as of 12:30 Singapore time.
The Fed will open its monetary policy meeting on April 30 and will announce its meeting decision on Wednesday, May 1, US time The CME Group’s latest FedWatch Tool indicates that investors are giving it almost 100% weight 5.25-5.50 % at this meeting.
Investors are keeping a close eye on the statements of Jerome Powell, the Chairman of the Fed, this time. Find clear signals about the direction of interest rates this year. After the United States revealed a Personal Consumption Expenditure (PCE) price index that was higher than expected. As a result, investors predict that the Fed may cut inter
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Bitcoin Prices Fall as Fed Signals High Interest Rates Ahead
Horoscope of the week from 29 April to 5 May 2024 – Affaritaliani.it
Horoscope of the week: the astrological predictions of the week of all the zodiac signs
The weekly horoscope predictions: let’s listen to the advice of the zodiac signs to face the week from 29 April to 5 May with the favor of the stars
ARIES HOROSCOPE OF THE WEEK FROM 29 APRIL TO 5 MAY 2024
Aries Weekly Horoscope: At the start of the week, your common sense will fly out the window when it comes to love. That’s when Jupiter clashes with your ruler Mars in your romantic realm, boosting your optimism for a special someone or getting you excited about meeting someone new. Look at those expectations, Aries. They can set the stage for di
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Horoscope of the week from 29 April to 5 May 2024 – Affaritaliani.it
The weight “apachurra” the bread to the Bimbo bear
During the first quarter of the year, the Mexican bread maker Bimbo reported that the strength of weight and the fall of the North American market resulted in a 7.8% drop in its operating flow (EBITDA) with a value of 11,845 million pesos.
“The results of the first quarter were good and, for the most part, resilient, considering the impact of the superweight and the difficult comparison base we have for the first quarter of 2023,” he explained. Diego Gaxiolaglobal director of Administration y Finance.
He recognized that being a global firm has advantages and disadvantages, since in the case of North Americathere was a weak start to the year due to a complic
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Tesla Overcomes Regulatory Obstacles for Self-Driving in China, Receives Backing and Partnerships with Baidu
Tesla Hits Major Milestones for Self-Driving Development in China
Source: Highly Respected News Website
Tesla clears key regulatory hurdles for self-driving in China during Musk visit
Tesla, the prominent electric vehicle manufacturer, has successfully overcome major regulatory hurdles to advance its self-driving technology in China. During Tesla CEO Elon Musk’s recent visit to China, the company obtained crucial approvals for its autonomous driving systems, symbolizing a significant step forward in the country’s commitment to adopting modern transportation advancements.
Tesla collaborates with tech giant, Baidu, to revolutionize self-driving mapping in China
In an exciting development, Tesla has partnered with Baidu, the leading Chinese technology company, to enhance its mapping capabilities for self-driving vehicles in China. This strategic cooperation aims to leverage Baidu’s extensive mapping expertise and Tesla’s cutting-edge autonomous technology. The collaboration seeks to ensure accurate and up-to-date mapping solutions, enabling safer and more efficient self-driving experiences for Tesla owners in China.
Tesla secures backing from China for driver-assistance services
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The Kremlin: Confiscating Russian assets will put a “big nail” in the coffin of the Western economy
Russia – Kremlin spokesman Dmitry Peskov warned that confiscating Russian assets would put a “big nail” in the coffin of the entire Western economic system.
Peskov said in a press statement: “If this happens, it will set a dangerous precedent and put a big nail in the coffin of the entire Western economic system.”
He added: “Foreign investors and foreign countries that invest in the West will begin to think ten times before investing there, and cred
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The Kremlin: Confiscating Russian assets will put a “big nail” in the coffin of the Western economy