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As of December 1st, 2023, China will implement new export restrictions on tungsten, a critical metal essential for various industries, including defense and semiconductor technology. This marks a significant policy shift for a nation that, for decades, dominated the tungsten market by flooding the global economy with inexpensive supplies. Analysts noted that Chinese businesses once
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The British Pound (GBP) has been exhibiting notable activity against the US Dollar (USD), particularly as it strives to regain a foothold above the significant threshold of 1.2950. Recent trading patterns suggest a complex interplay of support and resistance levels, creating an environment ripe for both speculative and strategic trading. Observing these fluctuations provides insights
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In the first three quarters of 2024, the GBP/CAD exchange rate has experienced a notable resurgence, climbing over 7% and breaching the pivotal threshold of 1.800. This level holds considerable significance, as it hasn’t sustained itself above this mark since 2016. Despite previous uprisings in 2018 and the frantic market movements during the onset of
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In the ever-evolving landscape of currency trading, the AUD/USD currency pair remains a focal point for traders aiming to capitalize on fluctuations. Recent market behavior indicates that even amid extensive ranges, opportunities arise for adept traders to identify entry and exit points. Notably, since the low registered in October 2022, the AUD/USD pair has experienced
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Italy’s banking sector is primed for a transformation, with analysts predicting a wave of mergers and acquisitions in the near future. Following the sovereign debt crisis and the government’s intervention to rescue Banca Monte dei Paschi (BMPS), there is renewed interest in the sector. Antonio Reale, co-head of European banks at Bank of America, believes
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The incoming Mexican president, Claudia Sheinbaum, is faced with the daunting challenge of fulfilling her campaign promises to enhance social programs amid a surge in the budget deficit. In his final year in office, President Andres Manuel Lopez Obrador increased spending to complete infrastructure projects and expand welfare programs, leading to a budget deficit of
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