Forwarded from DD Geopolitics
🇮🇷 Iran possesses the largest and most diverse missile arsenal in the Middle East. Iran's missile forces are a potent tool for Iranian power projection and a credible threat to US and partner military forces in the region.
The UN sanctions on Iran’s missile program expired Wednesday, Iran is now free to sell its ballistic missiles and related long-range strike technologies to its anti-Western partners and clients.
🔴 @DDGeopolitics
The UN sanctions on Iran’s missile program expired Wednesday, Iran is now free to sell its ballistic missiles and related long-range strike technologies to its anti-Western partners and clients.
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Forwarded from Tupi Report 🇧🇷 • #FreeVenezuela
🇦🇷💸🗳💥 — The Argentine government cannot stop the rise, and the dollar soared to $1,080 two days before the elections.
Despite a wave of operations in the microcenter of Buenos Aires and massive intervention by the Central Bank, the parallel exchange rate broke record values again, and the exchange rate gap comfortably exceeded 180%.
All tools to contain devaluation have been exhausted, but the devaluation process is gaining momentum on its own. To postpone the devaluation of the official dollar, the government unified the exchange rates of the dollar for credit card purchases, wire transfers, and savings into one (with more taxes).
They also implemented the "soybean dollar" system for mining, fishing, the automotive industry, Vaca Muerta oil companies, and SMEs, allowing a limit on the export liquidation of up to 25% at the CCL (Contado con Liquidación) rate.
Despite a wave of operations in the microcenter of Buenos Aires and massive intervention by the Central Bank, the parallel exchange rate broke record values again, and the exchange rate gap comfortably exceeded 180%.
All tools to contain devaluation have been exhausted, but the devaluation process is gaining momentum on its own. To postpone the devaluation of the official dollar, the government unified the exchange rates of the dollar for credit card purchases, wire transfers, and savings into one (with more taxes).
They also implemented the "soybean dollar" system for mining, fishing, the automotive industry, Vaca Muerta oil companies, and SMEs, allowing a limit on the export liquidation of up to 25% at the CCL (Contado con Liquidación) rate.
FXHedge (🔗Twitter)
FED'S MESTER SAYS FED AT OR NEAR PEAK FOR INTEREST RATE TARGET (Reuters)
Federal Reserve Bank of Cleveland President Loretta Mester said on Friday her outlook for central bank interest rate policy still leans toward another increase, while noting amid current economic uncertainties now is a time where policymakers need to be “nimble.”
~
₿izFeed#⃣: #stockmarketnews #news
FED'S MESTER SAYS FED AT OR NEAR PEAK FOR INTEREST RATE TARGET (Reuters)
Federal Reserve Bank of Cleveland President Loretta Mester said on Friday her outlook for central bank interest rate policy still leans toward another increase, while noting amid current economic uncertainties now is a time where policymakers need to be “nimble.”
~
₿izFeed#⃣: #stockmarketnews #news
Forwarded from Watcher Guru
JUST IN: 🇨🇳 Chinese Yuan surpasses the Euro to become world's second most used currency for SWIFT trade settlements.
@WatcherGuru
@WatcherGuru
Forwarded from Financial World Updates
1. Stocks falling like a recession is coming
2. Home prices rising like there's no recession
3. Bonds falling like the Fed is raising rates
4. Gold rising like the Fed is cutting rates
5. Oil prices rising like a major war is coming
6. Tech stocks rising like there's no problem at all
@FinancialWorldUpdates
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Forwarded from Intel Slava
🇺🇸🛢️ The US Needs to Refill its Dangerously Low Oil Reserves
The SPR today contains less than half the crude it had at its peak just over a decade ago. At about 350 million barrels, it's at its lowest since 1983.
To put what’s left into perspective, the US released about 270 million barrels over the last two years to cap oil prices. If the SPR is a revolver, it has a final round left in the chamber — and that’s it.
📎 Bloomberg
The SPR today contains less than half the crude it had at its peak just over a decade ago. At about 350 million barrels, it's at its lowest since 1983.
To put what’s left into perspective, the US released about 270 million barrels over the last two years to cap oil prices. If the SPR is a revolver, it has a final round left in the chamber — and that’s it.
📎 Bloomberg
Forwarded from Tupi Report 🇧🇷 • #FreeVenezuela
🇦🇷🗳⚡️⚠️ — The campaign of the candidate Javier Milei (libertarian) has filed a formal complaint with the Argentine Electoral Justice to report fraud risks and request a series of measures to ensure transparency in the elections.
In a meeting with the electoral official, the representative of Milei's party, La Libertad Avanza, requested that there are no missing ballots in the polling stations. According to the party, this type of fraud alone cost Milei between 3% and 5% of the votes in the August primaries.
Furthermore, the party raised concerns about the falsification of ballots for La Libertad Avanza. Therefore, the liberal candidate's campaign asked the electoral official to count the ballots with errors as valid, as they "clearly and accurately reflect the voter's intent."
The party also demanded the names of the "ten superusers" who can access the electronic system to be used in the provisional scrutiny and can modify the electoral dispute data at any time.
In a meeting with the electoral official, the representative of Milei's party, La Libertad Avanza, requested that there are no missing ballots in the polling stations. According to the party, this type of fraud alone cost Milei between 3% and 5% of the votes in the August primaries.
Furthermore, the party raised concerns about the falsification of ballots for La Libertad Avanza. Therefore, the liberal candidate's campaign asked the electoral official to count the ballots with errors as valid, as they "clearly and accurately reflect the voter's intent."
The party also demanded the names of the "ten superusers" who can access the electronic system to be used in the provisional scrutiny and can modify the electoral dispute data at any time.