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Monthly Archives: March 2025

The IRS intends to reduce its workforce by up to 50% through layoffs and buyouts

Written on March 5, 2025 at 3:35 am, by

The IRS plans to cut its workforce by 50% through layoffs, attrition, and buyouts, sources report anonymously.

Unexpectedly, China’s Services PMI rose to 51.4 in February, surpassing January’s 51 and predictions

Written on March 5, 2025 at 3:13 am, by

China’s Services PMI rose to 51.4, impacting Australia’s economy, Iron Ore prices, trade balance, and the AUD.

The euro’s recent strength boosts EUR/USD to its highest level since early December amidst US policy confusion

Written on March 5, 2025 at 3:05 am, by

The euro strengthens as US equities struggle, pushing EUR/USD to its highest level since December 6.

Trump’s speech is anticipated later, amidst conflicting speculation about tariffs and the fentanyl emergency.

Written on March 5, 2025 at 2:35 am, by

Conflicting views exist on tariff rollbacks amid the fentanyl crisis, with Trump set to speak soon.

The Australian Dollar continues to rise for a third session after the release of Q4 GDP data.

Written on March 5, 2025 at 2:13 am, by

Australian Dollar strengthens as US economy slows; Australia’s GDP, Retail Sales rise, while consumer confidence declines. Trade dynamics crucial.

February’s Australian services PMI fell to 50.8, with manufacturing orders rising after two years.

Written on March 5, 2025 at 2:05 am, by

Australia’s Services PMI fell, Composite PMI declined, manufacturing PMI rose, business confidence stayed high, and inflation eased.

The Finance Ministry of China announced plans to enhance fiscal spending and implement effective policies in 2025.

Written on March 5, 2025 at 1:43 am, by

China plans to enhance fiscal spending, address external pressures, boost economic recovery, and improve its fiscal structure.

The Finance Ministry of China announced plans for increased fiscal expenditure and enhanced policies in 2025.

Written on March 5, 2025 at 1:41 am, by

China plans increased fiscal spending in 2025 amid external challenges, weak demand, and trade uncertainty, ensuring stability.

A private survey reveals a larger than anticipated decline in crude oil inventories.

Written on March 5, 2025 at 1:35 am, by

The API survey provides private oil storage data, while the EIA report offers detailed, comprehensive industry statistics tomorrow.

Amid trade war worries, the US Dollar Index fell further, dropping below the crucial 106.00 mark.

Written on March 5, 2025 at 1:11 am, by

DXY drops below 106.00 as tariffs spark trade tensions; market volatility rises amid stagflation concerns and technical weakness.

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