Harris gains steam as questions about Biden mount
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France’s right-wing National Rally looks to seize on recent electoral gains
With the final outcome still unclear, France’s staunchly anti-immigration Rally National party and its long-taboo far-right opponents rushed on Monday to take advantage of an inconclusive first round of unexpected parliamentary elections. Sunday’s first round put the Rally National closer than ever to winning power, but voters could still block its path to power in […]
EUR/USD consolidates gains ahead of US data, key expiries in play – ForexLive
For now, it’s hard to imagine this bounce being anything more than a slight sense of relief: there were no major surprises in the outcome of the first round of the French election, and I think it’s that to which markets are primarily reacting, together with the fact that the worst-case scenario of political deadlock […]
France’s right-wing National Rally party gains momentum in first round of elections
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US Dollar consolidates gains after Fed speakers ask for further disinflation – FXStreet
The US Dollar is stagnating as investors analyze recent comments from Federal Reserve officials. The market is skeptical of the Fed’s guidance and continues to expect a rate cut in September. Cautious comments from Federal Reserve officials will limit the dollar’s decline. The U.S. dollar, as measured by the DXY index (DXY), remained relatively unchanged […]
Swiss franc primed for further gains with the SNB on the cards – ForexLive
Although there has been some scuffling so far in June trading, USD/CHF finally fell below a key support threshold yesterday. USD/CHF daily chart The 200-day moving average (blue line) fell back along the 61.8 Fib retracement level of this year’s upward swing. The pair’s decline is noteworthy as downward momentum continues to strengthen after dropping […]
Bitcoin bank proposal gains momentum in El Salvador – Cointelegraph
El Salvador’s pro-Bitcoin President Najib Bukele has proposed establishing a private investment bank in the country that, if approved, would give Bitcoin (BTC) investors access to financial services with fewer regulations compared to traditional banks. “As part of El Salvador’s economic plan, we propose a BPI (Private Investment Bank), which will allow us to diversify […]
Biden's capital gains taxes would boost economic equality: Analysis
An evaluation of the Biden administration’s tax proposal to increase capital gains taxes finds that it could reduce wealth inequality without hurting economic growth. of Studying at American University They examined Biden’s proposed budget, which would raise tax rates on dividends and capital gains from 20% to 39.6%, and concluded that the tax hike would […]
EU elections: significant far-right gains in Germany and France, exit polls show | European parliamentary elections 2024
As data trickled in before official results were announced late Sunday, exit polls showed far-right parties in France and Germany made impressive gains in the European Parliament elections. The success of the far-right in the EU’s two largest member states has exceeded expectations of Italy’s far-right Brothers of Italy party, led by Prime Minister Giorgia […]
Big Gains for Wilders, Pro-Farmer Party Wins First Seats
Dutch populist leader Geert Wilders declared his party the “biggest winner” in the country’s European elections on Thursday, after exit polls predicted a big gain for his anti-mass immigration party. An exit poll on Thursday predicted that the populist Party for Freedom (PVV) will build on its recent domestic success and secure at least seven […]