RBA’s Lack of Hawkishness Weakens Aussie, Yen’s Retreat Continues In the aftermath of RBA’s decision to maintain interest rates unchanged and the absence of explicit hawkish signals, Australian Dollar weakens mildly. Despite notable upgrades in inflation forecasts, the central bank opted for a cautious approach, refraining from signaling imminent rate hikes and maintaining a stance…
Fees Charged for Processing Transactions on the Bitcoin Network: A Comedy of Errors What’s the Deal with Rising Transaction Fees? So apparently, fees charged for processing transactions on the Bitcoin network have been skyrocketing in the last couple of years. This is great news for miners, who are raking in the dough, but not so…
RBA Decision on the Horizon: A Preview of What’s to Come – Hold Steady, But with a Hawkish Twist Description: The Reserve Bank of Australia statement is due at 0430 GMT / 0030 US Eastern time / 1430 Sydney time. ANZ see an on hold decision: While we don’t expect the Board to explicitly discuss…
The Bank of England May 2024 Decision What to Expect The Bank of England may 2024 decision is due on Thursday at 0700 US Eastern time. On hold expected. Earlier, Deutsche Bank is expecting the Monetary Policy Committee to “set the stage for a June rate cut”. HSBC are also expecting the first rate cut…
The Resilience of Holocaust Survivor Chana Broder Escape and Survival In 1942, 85-year-old Holocaust survivor Chana Broder and her parents managed to escape from a ghetto in Poland. They spent almost two years hiding in a farmer’s underground bunker, evading the watchful eyes of the Nazis. Despite being only 4 years old at the time,…
The Escalation in Gaza: A Fragile Ceasefire Introduction A few hours after the Palestinian Islamist Hamas movement announced that it would agree to the mediators’ proposal for a ceasefire in Gaza, the Israeli army attacked targets in the east of the city of Rafah late on Monday evening. According to an army spokesman, the targets…
Former White House Press Secretary Reacts to Testimony A Blistering Testimony Former President Donald Trump’s onetime press secretary, Hogan Gidley, appeared unfazed by his former colleague Hope Hicks’ tearful trial testimony. Hicks claimed that Trump was responsible for a public statement denying money was paid to adult film star Stormy Daniels. This bombshell revelation came…
An American Soldier Detained in Russia: A Growing Tension Background WASHINGTON — An American soldier was detained in Russia last week on charges of “criminal misconduct,” the U.S. Army said Monday. The soldier — whose name was not released — adds to the number of Americans held in Russia at a time of deep tensions…
