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November 7th - The impact of gold on the Thai currency has fallen to its lowest level in nearly two years, suggesting that policymakers efforts to curb the bahts appreciation may finally be starting to pay off. Data shows that the 60-day correlation between the baht and gold fell below 0.43 earlier this week, the lowest level since November 2023. The 30-day and 45-day correlations, reflecting recent volatility, also fell to their lowest levels since February. Thai authorities have been trying to weaken the bahts link to gold by encouraging gold transactions to be settled in US dollars and considering a tax on physical gold transactions. In June 2023, the 60-day correlation between the baht and gold reached 0.8. Officials said this correlation exacerbated the bahts rise to a four-year high in September, putting pressure on exports and tourism. "The risk of potential fiscal or monetary policy measures is a moral deterrent," said Kobsidthi Silpachai, head of capital markets research at Kasikornbank in Bangkok. He believes this "seems to have deterred speculators from participating in gold long and USD/THB short trades."Market news: Google will build a new artificial intelligence data center at a small outpost in the Indian Ocean off the coast of Australia.Apple: Service outage issues for Apple TV and Apple Arcade have been resolved.Japanese Prime Minister Sanae Takaichi: Striving for nominal growth rate to exceed Japanese government bond yield.November 7th, Futures News: Economies.com analysts latest view: Brent crude oil futures fell in the previous trading day as their price continued to trade below the EMA50 index, indicating a dominant short-term downtrend, with the price coinciding with the support line of this trendline. Previously, the Relative Strength Index (RSI) had moved out of oversold territory, exacerbating downward pressure on prices.

Social Media Restricts But Doesn't Eliminate Misinformation

Charlie Brooks

Nov 10, 2022 14:38

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Social media analysts say a substantial number of unconfirmed tweets and Facebook posts on Wednesday questioned Democratic midterm election victory. Disinformation didn't reach dimensions after Joe Biden's 2020 triumph.


Researchers who study misinformation are examining online chatter after Tuesday's election. Then-President Trump's baseless tweets about election fraud in 2020 sparked a deadly Capitol siege. Later, Twitter banned Trump.


This time, less popular users on Twitter Inc (NYSE:TWTR) and Meta Platform's Facebook have raised issues about Arizona's disputed election results, claiming voting machine problems and slow counting.


Nationally, Republicans made slight gains, while Democrats surpassed predictions. Control of Congress was too close to call as of Wednesday evening.


Some critics said the lack of such laws in other states contributed to voter fraud, noting that Republicans won comfortably in Florida after adding voting limits.


The Southern Poverty Law Center's Intelligence Project, which monitors social media, stated, "We see people claiming the Democrats won because of widespread fraud."


Conspiracy theories aren't as popular as they were before.


Mike Caulfield, a University of Washington research scientist and part of the Election Integrity Partnership consortium, stated, "There are a lot of frozen balls in the air, and we're wondering when they'll fall or whether they've disappeared for good."


According to the partnership, some Republican commentators may be limiting themselves from spreading voting fraud charges in Arizona, where the party is sure to win partially.


According to partnership researchers, election officials and internet disinformation experts countered false narratives on social media more effectively than in 2020, helping to prevent erroneous charges.


Inconsistent behaviors from social networking platforms.


Facebook and Twitter can give fact-checking context to election-theory posts. Reuters' analysis of fraudulent posts lacked this background.


Facebook limits the dissemination of conspiracy material by promoting it less; problematic posts get a few hundred likes at most. The company declined to comment on the tool's efficacy, citing the ongoing vote count.


Common Cause, which monitors social media for voting suppression, claimed Tuesday that Twitter has not removed offensive posts.


Twitter, now controlled by Elon Musk, sacked roughly half of its employees last week, including those who curated and promoted trustworthy content.


Twitter rejected the comment.


A Twitter user who claimed a masked man was "cheating in front of the cameras" was suspended.


Seth Bluestein, Philadelphia's city commissioner, called the video fake.


Bluestein: "I voted today at East Passyunk Community Center." "The interior photo I shot tonight is not of a Philadelphia polling station. Another dangerous lie."