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September 10th - According to the Wall Street Journal, U.S. officials stated that senior White House advisors have privately raised the possibility with Trump that the war with Iran could continue until the end of his remaining term. This contradicts Trumps public assurances that the war will be swiftly won. Officials said that in discussions in the Oval Office and the White House Situation Room, Vice President Vance, Secretary of State Rubio, and others discussed with the president the possibility that Tehran might continue to resist under pressure from blockades and other military measures, potentially extending the conflict beyond the presidential inauguration in January 2029. These closed-door discussions took place as Trump told reporters on Wednesday that the war would end "immediately" after the November midterm elections because "Iran cant hold on any longer."According to the Wall Street Journal, Democratic Senator Richard Fetman will make a video appearance at the Republican National Convention in Dallas. This unusual move is bound to spark further speculation about his political future. Fetman is expected to introduce fellow Pennsylvania senator David McCormick, a Republican, in the video; the two senators have established a close bipartisan relationship.According to the Wall Street Journal, U.S. officials revealed that senior White House advisors raised the possibility with Trump that the war could drag on until the end of his term.On September 10, the Syrian Transitional Governments Ministry of Defense issued a statement on the evening of September 9, saying that an explosion occurred that day at a temporary warehouse used for storing weapons and war remnants in Idlib province in northwestern Syria, killing 14 personnel of the Ministry of Defense and injuring more than 10 others, including civilians. The statement said that the Ministry of Defense immediately coordinated with relevant departments after the explosion to control the scene and handle the situation. The cause of the accident is still under investigation.On September 10th, according to The Information, OpenAI has informed some business partners that it will no longer accept advertising for image and audio generation products, as these products compete with OpenAIs own functionality. This change was not previously reported and was not included in its published advertising policy, catching existing advertisers like Adobe, which sells such products, off guard. If this new policy extends to other competing products, it could limit OpenAIs potential advertising revenue. OpenAI had previously given investors aggressive advertising growth expectations, viewing advertising as a key way to generate revenue from its large non-paying user base.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

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The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.