Mitch McConnell was asked about Trump tax cuts and said “I’m sure virtually all of us would like to see most of that extended”. McConnell also called for increasing defense spending. It all adds up to some big deficits. It’s not clear who will be the new Senate majority leader but three names that have
Following his win in Pennsylvania and earlier victories in other key battleground states in Georgia and North Carolina, Republican candidate Donald Trump took to the stage shortly after in Palm Beach, Florida. Trump is set to become the 47th President of the United States (US) as he took an early victory lap on stage and
Bitcoin price today:$73,200 Bitcoin soars to a new all-time high of $75,407 on Wednesday as Trump wins the US presidential election. The technical outlook suggests that BTC’s next target could be the 141.40% Fibonacci extension level above $78,000. Reports show the so-called Trump trade – long positions in the US Dollar, crypto, and higher Treasury
Construction PMI 54.3 vs 55.5 expected and 57.2 prior. Key findings: Civil engineering remains best-performing category, followed by commercial work. Renewed decline in house building. Business optimism slips to ten-month low. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “The construction sector signalled another month of solid output growth in October, despite
AUD/USD climbs as RBA Governor Michelle Bullock emphasizes the need to maintain a restrictive rate stance. US presidential election remains the main driver for AUD/USD ahead of Trump-Harris debate. Trump’s victory expected to be unfavorable for AUD due to his promise to raise tariffs on China. In Tuesday’s session, the AUD/USD rose 0.77% to 0.6638
I spoke with Reuters today about the Canadian dollar. It’s surprisingly stronger given that Trump trades are working. “We could just be seeing some position squaring. The Canadian dollar has been a heavily shorted currency,” said Adam Button, chief currency analyst at ForexLive. “The Canadian dollar is one of the clear election night trades along
Jambo, a leading builder of web3 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to offer millions of Jambo phone users in over 120 countries, with easier access to peer-to-peer crypto payments through the Lif3 mobile app. Founded by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration
Hundreds of millions of Americans head to the ballots today to vote for who they believe should be their next President: Kamala Harris or Donald Trump. Although more than 81 million ballots have been cast early this year, most of the electorate will do so today, ultimately determining who will reside in the White House
EUR/USD rises to near 1.0900 as the US presidential elections kicks-off, which will influence market sentiment. Investors expect a neck-to-neck competition between Kamala Harris and Donald Trump. The ECB is expected to cut interest rates by 25 bps in the December meeting. EUR/USD gains to near 1.0890 in Tuesday’s New York session. The major currency pair remains shy of
The U.S. presidential election draws near, and investors are on high alert as the outcomes of Kamala Harris’s and Donald Trump’s contrasting economic policies could have significant ramifications for the financial markets. With key decisions looming around tax rates, regulation, energy policy, and trade, the potential for market volatility increases depending on who gets into
British Retail Consortium (BRC) total sales in October +0.6% y/y, weakest growth since July prior (September) +2.0% like-for-like sales +0.3% y/y (prior +1.7%) Barclaycard UK October consumer spending +0.7% y/y, also the weakest growth since July prior +1.2% prior +2.0% From the reports, in brief: Factors like budget uncertainty, delayed purchases until Black Friday, and
Legend of Arcadia (LoA), a new card-based RPG set in an expansive universe inspired by Kingdom Hearts, is bringing a community-driven operational model to Web3 gaming. With a focus on sustainable growth, LoA aims to establish itself as a leading platform by integrating blockchain technology, unique NFT mechanics, and community-centric features that foster long-term player
With its recent launch, Xlence is quickly positioning itself as a promising option in the online trading world. This new platform emphasizes transparency, education, and accessibility, aiming to make trading a simpler and more empowering experience for users. In a recent announcement, Xlence laid out its mission to provide traders with a supportive and versatile