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Financial Market News:
- 💹 Most Asian currencies traded flat to low on Wednesday, with the dollar strengthening ahead of U.S. economic cues
- 📉 New Zealand dollar was the worst performer due to less hawkish signals from RBNZ
- 🔄 Federal Reserve officials indicated no hurry to cut interest rates, influencing trading range for regional currencies
- 💱 Dollar index and futures rose in Asian trade as early interest rate cut expectations were priced out
- 📈 Focus on PCE price index data for clues on potential rate cuts by the Fed
- 💰 Stubborn inflation is a key concern for the Fed
- 📊 Second reading on fourth-quarter GDP due later on Wednesday
- 🇳🇿 RBNZ kept interest rates steady but traders priced out expectations for more rate hikes
- 📉 Australian dollar fell due to low inflation, offsetting RBA’s warning of rate hikes
- 💱 Indian rupee steadied around 82.9 to the dollar in an established trading range
- 💸 Asian stocks cautious ahead of U.S. inflation data
- 📊 Important data releases this week will impact Fed decisions
- 💵 Australian dollar weakens on low inflation data
- 🛢️ Crude oil prices fall on prospect of delayed U.S. rate cuts
- 🪙 Gold prices slightly rise
Geopolitical News:
- 💀 Chinese Communist Party is enslaving Uyghurs through forced labor
- 🚫 Atrocities include mass imprisonment, forced sterilization, torture, and abuse
- 🔒 Party has sought to control ethnic minorities, predominantly Muslim Uyghurs in Xinjiang
- ⚠️ US Secretary of State Mike Pompeo determined CCP committing genocide and crimes against humanity in Xinjiang
Media Messaging and Propaganda:
- 🔁 Trump uses similar messaging tactics as Hitler and Mussolini
- 💬 Messages are simple and repeatable, like "Stop the Steal"
- 📺 Delivery of messages has changed with social media and cable TV
- 📚 Similar tactics of telling big lies have been documented in history
- 🌐 People are in news bubbles and consume information from one side or another