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On September 14th, according to Irans Mehr News Agency, Iranian Parliament Speaker Abbas stated that the United States is deceptive and only understands "the language of force and the logic of power." He also warned against participating in negotiations that would weaken Irans regional allies. Withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons is "a completely achievable and easily attainable step." Israel, which possesses an undeclared nuclear arsenal, is one of the few countries that has not signed the treaty.U.S. Central Command: As of September 13, the U.S. military had diverted 101 merchant ships to ensure compliance.September 14th - According to the New York Times, King Charles III of the United Kingdom will meet with leaders of major artificial intelligence companies in Scotland this week amid growing concerns that the rapid and unrestrained development of technology could lead to a global catastrophe. According to a statement from Buckingham Palace, Charles will convene company leaders, including those from Nvidia, Google, DeepMind, OpenAI, and Anthropic, as well as government officials, to discuss how to develop and deploy artificial intelligence in a socially beneficial way. They will meet at Dumfries Manor, the headquarters of the Kings Foundation, an educational charity, in Ayrshire, southwest Scotland. This gathering comes at a time when AI insiders and some industry giants are issuing warnings about these tools and their rapid development. Some are calling for shared guidelines and a deliberate slowdown in development to ensure that humans can keep up. The Buckingham Palace statement said that the AI conference convened by Charles will explore how the technology can be used to benefit humanity, thereby enhancing community cohesion and improving peoples lives.September 14th - According to foreign media reports, US President Trump reiterated on the 13th that he supports Northern Irelands secession from the UK and its "union with Ireland." This comes a day after Trump made similar remarks, which drew strong opposition from British political circles. Speaking to the media in Ireland that day, Trump said, "Theres Northern Ireland, and theres Ireland. To me, it seems like the most natural thing to do to bring them together." When asked about Scotland, Trump stated that the issue would not be discussed at this time, saying, "Well talk about it later."According to Saudi media Hadas, Yemeni government armed forces stated that they have recaptured positions in western Taiz that had previously been infiltrated by Houthi rebels. As part of the operation to expel Houthi forces from Taiz province, they have advanced towards the Jir Bani Omar area.

The ECB-BOJ policy is in the spotlight as the EUR/JPY shows a minor rebound from 140.00

Alina Haynes

Jul 19, 2022 12:03

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From the psychological support level of 140.00, the EUR/JPY pair has shown a less likely rebound. Following a brief recovery, the cross has found resistance at about 140.0. The asset is expected to undergo large price swings in the near term as investors shift their focus to this week's monetary policy statements by the European Central Bank (ECB) and the Bank of Japan (BOJ).

 

The ECB is expected to announce a rate rise in response to market speculation, ending its 11-year streak of maintaining the status quo. Households are experiencing price pressures as a result of a significant reduction in their real income, which has significantly affected their patterns of savings and consumption.

 

The European Central Bank (ECB) has already made the announcement that the Asset Purchase Program (APP) would come to an end in order to reduce the galloping inflation. The focus will now shift to an increase in interest rates in the quest for readily available cheap money on the market.

 

The most significant event of the week will be the publication of the eurozone consumer confidence index, aside from that. The initial estimate for the Consumer Confidence statistics for the eurozone is -24.5, down from the prior estimate of -23.6.

 

When announcing its interest rate decision, the Bank of Japan (BOJ) is likely to keep things the same. Given that the Bank of Japan (BOJ) would likely boost global economic demand, it is expected that its governor, Haruhiko Kuroda, will take a dovish stance. The BOJ is concerned with keeping the inflation rate at 2%, and in order to do so, it must also raise labor expenses.


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