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On September 7, Hungarian Prime Minister Viktor Orbán stated on social media on September 6, local time, that European belligerent leaders recently decided at a meeting to send troops to Ukraine, portraying it as a "security guarantee." The Wests open involvement in the conflict increases the risk of open war in Europe. Hungary is powerless to stop the warmongers in Brussels, leaving it with only one option: to stay out of the conflict. Orbán also criticized the irony of European belligerents who have been working to ban Hungary and Slovakia from purchasing Russian energy and have harshly criticized Hungary. Yet, they are purchasing large quantities of Russian energy through intermediaries.On September 7th, thousands of people participated in a massive protest in Washington, D.C., protesting the Trump administrations deployment of the National Guard. The march began at noon that day, with thousands of protesters taking to the streets of Washington, D.C., to express their dissatisfaction with the Trump administrations decision. On August 11th, Trump announced the deployment of the National Guard to help restore law and order and public safety in Washington, while labeling Democratic-run cities like Chicago, Los Angeles, and New York as "problem cities." Currently, over 2,000 National Guard members are deployed in Washington, D.C. On the 4th of this month, Washington, D.C. Attorney General Schwalb announced that he had filed a lawsuit in the federal court in the District of Columbia over the Trump administrations deployment of the National Guard in the capital region.1. Mayor of Kyiv: Russia launched a drone attack on Kyiv. 2. Hungarian Foreign Minister: Buying Russian oil because there is no other choice. 3. Ukrainian official: The Russia-Ukraine conflict may end by the end of 2026. 4. The Zaporizhia Nuclear Power Plant said its training center building was attacked by a Ukrainian drone. 5. Zelensky responded to Putins proposal for a meeting between Russia and Ukraine in Moscow: Come to Kyiv. 6. Ukraine is forming a multinational force command with the goal of preventing "potential attacks." 7. Slovak Prime Minister: Ending the Russia-Ukraine conflict requires Ukraine not to join NATO. 8. Market News: A Ukrainian drone attack caused a fire at the Ilskyi oil refinery in Krasnodar, Russia. 9. The Polish military said that after Russia launched an attack on Ukraine, Poland scrambled aircraft to ensure airspace security.Mayor of Kyiv, Ukraine: Russia launched a drone attack on Kyiv.Market News: A Ukrainian drone attack caused a fire at the Ilsky refinery in Krasnodar, Russia.

EUR/USD Is Anticipated To Fall Below 1.0950 Due To Market Optimism Regarding US Economic Prospects

Daniel Rogers

Apr 20, 2023 13:54

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The EUR/USD pair is expected to decline drastically below the near-term support level of 1.0950 during the Asian session. The major currency pair is attracting bids as the US Dollar Index (DXY) has shown a recovery move and surpassed the 102.00 level of resistance.

 

S&P500 futures have extended their losses during the Asian session in anticipation of the Federal Reserve's (Fed) decision to raise interest rates, which could undermine revenue guidance.

 

According to the Federal Reserve's (Fed) Beige Book minutes, economic activity is stable in the majority of districts. However, loans and advances to businesses and consumers have decreased due to stringent credit conditions imposed by commercial banks in the United States in order to prevent uncertainty in an unstable environment.

 

In the interim, Fed policymakers remain optimistic regarding the economic prognosis due to the labor market's tightness. As reported by Reuters, the president of the Federal Reserve Bank of St. Louis, James Bullard, advocated for the continuation of the central bank's policy tightening in view of the continued strength of labor market data. A Fed official added that the demand for labor has not yet diminished and that a robust labor market results in robust consumer spending.

 

Citi Group forecasts a fourth-quarter recession in the US economy due to the constrained US labor market. Previously, it was anticipated that the United States would enter a recession during the third quarter of 2023.

 

Investors are anticipating the release of Eurozone Consumer Confidence data. Preliminary Consumer Confidence (April) data is anticipated to improve from -19.2 to -18.5. This may be the result of persistently declining inflation in the Eurozone, which reduces the burden on households.