What we know so far

As of 7:00 a.m. UTC, most data providers, including ABC, CBS, NBC, and CNN, projected that Donald Trump would become the next president of the United States. However, even as Trump’s victory looks almost guaranteed at this point, it is the balance of power in the U.S. Congress that will determine how successfully and effectively the next president will be able to govern.

So far, Republicans have won an extra seat in the Senate, but neither of the parties has a clear advantage in the battle for the House of Representatives. Overall, the counting of votes is still at a relatively early stage, and it could be hours or even days before a final outcome is known. The contest will come down to seven swing states, only three of which (North Carolina, Georgia, and Pennsylvania) have been most likely won by Trump so far. Still, judging by the latest market reaction, it appears reasonable to infer that global investors are pricing in a decisive victory by Donald Trump.

What has been the impact so far

As of 7:00 a.m. UTC, the global markets were positioned for Donald Trump’s victory. U.S. Treasury yields and U.S. stock benchmark indices rallied sharply, pushing the U.S. Dollar Index (DXY) higher. Given that, it is no wonder other major fiat currencies plunged, with EURUSD and GBPUSD down 1.82% and 1.32%, respectively, while bitcoin hit a new all-time high of $75,410, as per Coinbase.

'Such a dramatic shift in market sentiment is explained by Trump’s official policies, or more precisely by the possible effect these policies are likely to have,' says Kar Yong Ang, a financial market analyst at Octa Broker. 'Generally, it all boils down to Trump's tax, immigration, and trade policies, which differ greatly from what Harris proposed. The market perceives them as inflationary, which is why we are seeing a bullish impact in the U.S. dollar.'

The United States controls the world's primary reserve currency, the U.S. dollar, so only a few countries will not feel the effect of the latest U.S. presidential and congressional elections. Major currencies are already experiencing the initial impact. 'Major currencies are falling predominantly because the U.S. dollar is rising, but there is also a fear that Trump's policy on tariffs may hit their domestic economies,' Kar said.

Indeed, the primary reason for such a dramatic decline in EURUSD, for example, is that investors fear that Trump's policies on immigration and taxes will spur inflation and force the Federal Reserve (Fed) to tighten its monetary policy. This may expand the interest rate differential between the two economies, favouring the greenback. In addition, Trump has repeatedly threatened to impose tariffs on certain European goods like autos and chemicals. According to some analysts, Trump's proposed 10% universal tariff on all U.S. imports may erode Europe's GDP by up to 1.5% or about €260bn.

A similar kind of impact may await the United Kingdom, where Trump's blanket tariffs would hit billions of pounds of U.K. automotive, pharmaceutical, and liquor exports. It stands to logic that GBPUSD was down more than 1.3% today.

For similar reasons, CNYUSD (Chinese renminbi / U.S. dollar spot rate) hit a 3-month high. 'For the Chinese economy, the risks are even greater, as Trump promised to impose higher tariffs on Chinese goods. On top of that, under his administration, tensions are likely to grow over the CNYUSD exchange rate,' comments Kar Yong Ang, a financial market analyst at Octa Broker. Although the currency policy of the future Trump Administration is unclear, in his interview with Bloomberg, he had this to say: ‘We have a big currency problem because the depth of the currency now in terms of strong dollar / weak yen, weak yuan, is massive.

Interestingly, the impact on the gold market has been relatively muted so far. As of 7:00 a.m. UTC, XAUUSD was down 1.2%, but historically, it is not a significant swing, especially given how much the U.S. dollar has strengthened. 'Because Trump's victory appears to be decisive, it lowers the probability of social tensions in the U.S., which is not a minor factor considering how fractious U.S. politics has become lately. Thus, XAUUSD is selling off, but I think there are bullish risks ahead as relations between China and the U.S. turn bitter,' comments Kar Yong Ang.

Indeed, Donald Trump will likely heighten the Sino-U.S. trade tensions, which is a positive factor for gold in general. In addition, Trump's massive tax cuts will likely expand the U.S. fiscal deficit and may turn some strategic investors away from the U.S. dollar and into gold and bitcoin. In fact, BTCUSD hit a new all-time high on the news of Trump's potential victory. He is seen as more actively supportive of cryptocurrencies than Harris.

In the short term, all the bullish dollar trades may temporarily reverse as traders buy the dips in EURUSD and GBPUSD in hope of a technical rebound. In the long term, however, the bearish pressure on these pairs will likely persist.

About Octa

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

Since its foundation, Octa has won more than 70 awards, including the ‘Best Forex Broker 2023’ award from AllForexRating and the ‘Best Mobile Trading Platform 2024’ award from Global Brand Magazine.

The MSTR chart is a perfect example of the importance of market timing. The MSTR stock did nothing for almost two decades! Imagine investing in it early and waiting 20 years to get a return.

If you want to have conviction in your ideas, you need to know what moves your stocks and position for that change. In the book “The New Market Wizards”, Stanley Druckenmiller said this in response to the question of how he evaluates stocks:

“When I first started out, I did very thorough papers covering every aspect of a stock or industry. Before I could make the presentation to the stock selection committee, I first had to submit the paper to the research director."

"I particularly remember the time I gave him my paper on the banking industry. I felt very proud of my work. However, he read through it and said, This is useless. What makes the stock go up and down? That comment acted as a spur."

"Thereafter, I focused my analysis on seeking to identify the factors that were strongly correlated to a stock's price movement as opposed to looking at all the fundamentals. Frankly, even today, many analysts still don't know what makes their particular stocks go up and down.”

His number one advice? Do not invest in the present. The present does not move stock prices. Change moves them.

MicroStrategy is basically a Bitcoin play, so you just need to know where Bitcoin is going to trade MSTR stock. No valuation analysis needed.

The catalyst for the latest rally? Trump's victory.

This is why waiting for the right catalysts is paramount. Not only does it tell you WHEN to trade, but it also gives you an IMMEDIATE feedback on whether you are right or wrong. That helps with knowing when to bet more and when to get out to keep your drawdown low.

Washington, D.C. -- Radio and television stations are not adequately compensated for their news content on technology platforms because of an imbalance in market power, according to a new study released today by BIA Advisory Services. The study found that each year broadcasters lose nearly $2 billion in value that they generate for two of the largest technology platforms through publication of their valuable content – particularly local news.

WASHINGTON, D.C. – National Association of Broadcasters (NAB) President and CEO Gordon Smith delivered remarks today at NAB's State Leadership Conference. The annual gathering of 500 radio and TV station owners and executives from all 50 states is designed to educate the broadcast industry to advocate on relevant legislative and regulatory issues. This year’s conference is a virtual-only event.

Washington, D.C. -- In response to the announcement by the House Judiciary Committee that it will markup the American Music Fairness Act next week, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C. -- In response to the House Judiciary Committee's markup of the American Music Fairness Act (AMFA), the following statement can be attributed to NAB CEO and President Curtis LeGeyt:

Washington, D.C. -- iHeartMedia co-founder, chairman and CEO Bob Pittman will sit down at the 2023 NAB Show with iHeart and Premiere Networks personality Angela Yee for "Math & Magic: Stories from the Frontiers of Marketing with Bob Pittman," a live podcast conversation open to all NAB Show attendees on April 16 at 3 p.m. at the Las Vegas Convention Center.

Washington, D.C. -- NAB Show will partner with Broadcast Beat Studios to run a live remote-production broadcast from the Show Floor that will air internationally over the internet. NAB Show LIVE will run each day of the 2023 NAB Show, April 15-19, from 9 a.m.-6 p.m. PDT (9 a.m.-2 p.m. PDT Wednesday) in Las Vegas, Nev., creating an immersive experience for viewers who want to see exhibitor interviews, demos, new product spotlights, Experiential Zone experiences, and other on-floor events.

Washington, D.C. – In response to the announcement that the House Energy and Commerce Subcommittee on Innovation, Data and Commerce will hold a markup of legislation to preserve Americans’ access to AM in automobiles, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. – In response to the House Energy and Commerce Subcommittee on Innovation, Data and Commerce's successful markup and passage of the AM Radio for Every Vehicle Act, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C. – NAB President and CEO Curtis LeGeyt issued the following statement in response to the markup of the American Privacy Rights Act:

The National Association of Broadcasters (NAB) commends the House Energy and Commerce Committee for its strong bipartisan passage, by a roll call vote of 45-2, of the AM Radio for Every Vehicle Act out of committee today. This important legislation ensures the continued availability of AM radio in all vehicles, recognizing the essential role it plays in delivering critical news, emergency information and public safety updates to tens of millions of Americans.

The National Association of Broadcasters (NAB) announced today that Sean Perkins has been named chief marketing officer and senior vice president of Global Connections and Events (GCE), where he will oversee marketing efforts for NAB Show and NAB Show New York. Perkins will drive strategies aimed at increasing engagement and visibility for NAB’s premier events, reporting to Karen Chupka, managing director and executive vice president, GCE.

Room 21, Parliament Buildings

Speaking today on the death of former deputy First Minister Martin McGuinness, the Speaker of the Northern Ireland Assembly, Robin Newton MBE MLA said: “While I am the Speaker of an Assembly in which Martin McGuinness played an integral part as a Member, Minister and deputy First Minister, I am mindful that today a family has lost a husband, a father, a brother and a grandfather. On behalf of the Northern Ireland Assembly, I express my sincere condolences and sympathy to his family whom I know he held dear.

JavaOne 2022 Speaker Preview

In this conversation Oracle's Jim Grisanzio talks with Java developer and JavaOne 2022 speaker Mark Heckler from St. Louis. Missouri in the United States.

Mark is a software developer and developer advocate at Microsoft, a Java Champion, a conference speaker, and an author. Check out his book Spring Boot: Up and Running. In this conversation Mark previews his session at JavaOne — Das Boot: Diving into Debugging Spring Boot Applications. Mark also talks about the value of technical conferences and the community. 

JavaOne 2022 from October 17-20 in Las Vegas

• JavaOne 2022: Registration and Sessions
• JavaOne Update 1
• JavaOne Update 2

Mark Heckler, Principal Cloud Developer Advocate for Java/JVM Languages at Microsoft

• @mkheck

Java Development and Community

• OpenJDK
• Inside Java
• Dev.Java
• @java on Twitter
• Java on YouTube

Duke's Corner Podcast Host

• Jim Grisanzio, Oracle Java Developer Relations, @jimgris

VIENNA, 15 June 2016 – The twentieth anniversary of the Agreement on Sub-Regional Arms Control Agreement, which served as a framework for Bosnia and Herzegovina, Croatia, Montenegro and Serbia to engage with each other in order to promote peace and stability in the region, was marked today in Vienna.

Almir Sahovic, Assistant Minister for Multilateral Relations at the Ministry of Foreign Affairs of Bosnia and Herzegovina, stressed that today was a good opportunity to reflect on the path the region went through in the last 20 years. “Our region was a synonym for problems and a source of instability. Our friends from the OSCE family and international community used to send military and police forces to help us sustain peace and stability. Today, we are the ones contributing with military and diplomatic missions to peace and stability around the world.”

The Agreement remains highly relevant for stability in the region as well as for the entire OSCE area and serves as a model for other OSCE regions.

“We see that the four State parties show mutual understanding, professionalism and confidence in their joint treaty activities,” said Chairperson of the OSCE Permanent Council and Permanent Representative of Germany to the OSCE Eberhard Pohl. “The Agreement continues to play a useful role in maintaining military stability in South Eastern Europe by promoting co-operation, transparency and predictability. Key to this is upholding the common political will for good development in the future. The members of the contact group stand ready to further support these activities.”

The Director of the OSCE Conflict Prevention Centre Marcel Pesko highlighted how the commitments from the Article IV of Dayton Peace Agreement became actions. “The four countries of the region proved they can establish a stable military balance, reducing the risk of a new escalation of the conflict. This would not be possible without courage and political will to move the process forward.”

The ceremony included a photo-exhibition dedicated to the process of implementation of the Agreement. Distinguished individuals and organizations from the region received special recognition for their contribution to the process.

Bosnia and Hercegovina is currently a Chair of Sub-Regional Consultative Commission in accordance with Article IV, Annex 1-B to the Dayton Agreement.

Learn more about the transfer of ownership of regional stability and how targets of arms control were achieved even beyond the set limits.

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• Urgent steps needed towards full respect for ceasefire in eastern Ukraine, says OSCE Chairmanship Special Representative and Chief Monitor
• OSCE Chairperson-in-Office Steinmeier, in Moldova, calls for swift and full implementation of confidence-building measures
• OSCE Chairperson-in-Office Frank-Walter Steinmeier to visit Moldova on Tuesday

Ways to increase the sustainability of social businesses by using social media marketing tools were discussed at a training session organized in Kyiv on 26 July 2016 by the OSCE Project Co-ordinator in Ukraine.

The event gathered representatives of three social businesses that were established with the support of the OSCE Project Co-ordinator in Ukraine so that they can provide job skills for people vulnerable to human trafficking. The social businesses also simultaneously serve as revenue sources for local NGOs working on anti-trafficking.

The training course focused on widespread social networks and ways of using them for increasing social enterprises’ profit, including the best use of social media to attract customers and gain their positive feedback. The participants had a chance to practice their digital skills and communication abilities during the hands-on exercises aimed at producing high-quality content for social networks.

Natalia Myakushko, Head of the Rukomysli Social Enterprise in Lviv, thanked the OSCE Project Co-ordinator for its continuous support. “The innovative idea of social business requires innovative tools for its development and this training helps us to use modern communication channels in an efficient way for the benefit of people vulnerable to human trafficking,” she said.

This is the first of three training sessions which will help social entrepreneurs develop a strategy for interacting with new media.

The training sessions are part of a project on preventing human trafficking in Ukraine through the economic empowerment of vulnerable persons, which is being implemented by the OSCE Project Co-ordinator in co-operation with the Ukrainian Ministry of Social Policy, and with the support from the Canadian Government and Norwegian Ministry of Foreign Affairs.

The project aims at the establishment of and support to social businesses that work to prevent human trafficking by providing beneficiaries with sufficient and sustainable income at home, giving them genuine and viable livelihood options, and therefore decreasing the likelihood of persons taking up deceptive job offers where they may be exploited.  

So far, 52 people at risk of human trafficking, including 14 internally displaced people, two victims of domestic violence and one ex-combatant, as well as six people who were formerly subjected to human trafficking have already benefited from the job skills’ courses within these social businesses.

Related Stories

• OSCE launches first distance human rights course in Ukraine for judges
• OSCE supports Ukrainian legal education practitioners in developing human rights-oriented approaches to their work
• Spot Report by OSCE Special Monitoring Mission to Ukraine: SMM threatened at gunpoint near Lobacheve in Luhansk region

BISHKEK, 30 July 2016 – To mark today’s World Day against Trafficking in Persons, the OSCE Centre in Bishkek supported a public awareness-raising campaign and held a public discussion with academic representatives in Bishkek and Osh.

On 29 July, in co-operation with the State Service on Migration, the International Organisation for Migration (IOM), the United Nations Office on Drugs and Crime (UNODC), the United States Agency for International Development (USAID) and local partners, the OSCE Centre raised public awareness about the risks of human trafficking in Bishkek and Osh.

Information material such as pocket calendars with the hotline number and contact information of the Kyrgyz Embassies in the five top migrant destination countries were distributed among the public. Illustrated silhouettes of people, symbolizing victims of trafficking, were displayed on posters in public places with stories in the Russian and Kyrgyz languages narrating their experience of human trafficking.

“Public awareness campaigns play an important role in the prevention of trafficking in human beings,” said William Leaf, OSCE Senior Field Representative in Osh. “The OSCE works to assist the government in improving its education and outreach efforts at the local and central levels in line with its commitments to prevent and combat all forms of human trafficking.”

In addition to the awareness-rising campaign, today the representatives of five local universities in Osh participated in a roundtable discussion organized by the OSCE Centre in co-operation with the Centre for Support of International Protection. The discussion focused on the ways of promoting inter-disciplinary research efforts among students and professors on the scope, tendencies and root causes of human trafficking in southern Kyrgyzstan.  

“As trafficking in human beings is a complex phenomenon, it requires a multi-disciplinary approach, covering, among others, socio-economic, legal, migration, human rights, gender and law enforcement aspects,” said Akylbek Tashbulatov, Director of the Centre for the Support of International Protection. “The academic community have the necessary research potential and tools to positively contribute to the development of such an assessment.”

The events were organized as part of the OSCE Centre’s project on addressing human trafficking in Kyrgyzstan through grassroots initiatives and multi-agency cooperation.

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• OSCE Centre in Bishkek supports summer school on topical issues of police reform
• OSCE Centre in Bishkek trains defence lawyers and prosecutors on right to liberty and freedom from arbitrary arrest or detention
• Athletes discuss gender-based violence at OSCE-supported event in southern Kyrgyzstan

SARAJEVO, 8 April 2016 – On occasion of International Roma Day, the OSCE Mission to Bosnia and Herzegovina organized several events in Tuzla, Prnjavor and Zivinice to raise public awareness on serious economic, social and political challenges the Roma community continues to face in BiH.

Head of the OSCE Mission to BiH Ambassador Jonathan Moore underlined the importance of protecting, promoting and advancing the rights of Roma and other national minorities in BiH. “For more than a decade we have been assisting the authorities to address the marginalization and discrimination of Roma and to ensure equality of opportunity for Roma in access and treatment in areas of education, housing, health care, and public participation. We are grateful to many persons in BiH for their positive contributions.”

At the diploma ceremony to most accomplished Roma students from Tuzla Canton held today in Zivince, Minister of Education, Science, Culture and Sports of Canton Tuzla Zlatan Muratovic applauded all efforts leading toward including Roma people in the education system and gender equality. “Our priority is to include all Roma people in the education system of the Tuzla Canton and to continue promoting Roma enrolment in elementary and secondary schools and universities. We want the Roma people to be socially active and economically independent.”

President of the Association “Euro Rom” Nedzad Jusic expressed his gratitude for being a part of such an important celebration for Roma people. “I hope we will be able to further improve the position of Roma people in Tuzla Canton, working together to implement joint policies and activities.”

At a roundtable held in Prnjavor participants discussed the good practices and challenges in the implementation of Roma Action Plan. “Today, we would also like to express our appreciation to dr. Siniša Gatarić mayor of the Municipality Prnjavor for supporting development of Local Roma Action Plan adopted in October last year,” said President of Roma NGO Romani Cej Snjezana Mirkovic.

The OSCE Mission to BiH continues to support the implementation of the Roma Action Plan for Housing, including by monitoring the selection of beneficiaries and mediating between local authorities and the Roma community when the need arises. Since 2008 more than 750 housing units for Roma have been built in BiH.

Related Stories

• OSCE Mission releases report on war crimes processing at state level in Bosnia and Herzegovina
• Inter-institutional co-operation in focus of OSCE-supported security policy course in Bosnia and Herzegovina
• OSCE Mission to Bosnia and Herzegovina facilitates visit to National Museum for children from Zepce and Maglaj

To mark its 120th anniversary, Siam Society is holding a special series of four afternoon talks, "Enlightenment In This Lifetime: Liberation Through The Practice Of The Buddha's Teaching", to shed new light on Buddhism and meditation, from Nov 19-22 from 2pm to 4pm.

SCB EIC, the research centre of Siam Commercial Bank, predicts that the transfer of new residential units in Greater Bangkok will decline by 10% this year, with a further contraction of 1-3% projected for 2025, mainly due to the country's sluggish economy.

The recent 0.25-percentage-point cut in interest rates is unlikely to have an immediate effect on the housing market as the reduction is too modest to generate a significant impact, according to SET-listed developer Sena Development.

Sales of electric vehicles (EVs) continue to gain market share globally, with Thailand and Indonesia being key markets within Asean, says a research agency.

Marketing guide for "Dr. No" detailing the various posters, brochures and merchandise released worldwide. 

Maxwell: The convention meeting market is shrinking. But Orange County continues to spend money to expand its money-losing center

A great way for 3D Printing companies to gain markets is to build a network. Listen to Kari Gillenwater, of Gillenwater Consulting Group talk about why she thinks marketing networks are important.

How do you get people to join your marketing network? Kari Gillenwater explains you need to give, to get! Check out this quick 3D Printing Podcast.

Resolution 76 - (Rev. Geneva, 2022) - Studies related to conformance and interoperability testing, assistance to developing countries, and a possible future ITU Mark programme

Statistical framework for end-to-end network-performance benchmark scoring and ranking

U4SSC - Policy benchmarks for digital transformation of people-centred cities

Metric and evaluation methods for AI-enabled multimedia application computing power benchmark

Regulatory principles for market definition and identification of operators with significant market power - SMP

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Market Whales and Their Recent Bets on Micron Technology Options  Benzinga

Lifetimo Platform Launches Annual Black Friday Technology Marketplace Event  Newsfile

AI’s math problem: FrontierMath benchmark shows how far technology still has to go  VentureBeat

The funding round, which was supported by the Enterprise Ireland High Potential Start-Up (HPSU) fund, will assist the company in scaling into the UK market.

Read more: Dublin regtech secures €800,000 to target UK market

Never lose a gem of a tweet to the ravages of the algorithmic timeline again.

Read more: Twitter is testing a feature allowing users to bookmark tweets

After missing a chance to capitalize on the AI boom, "Samsung's profit has plunged," reports CNBC, and "around $126 billion has been wiped off its market value, according to data from S&P Capital IQ." It's gotten so bad that "an executive issued a rare public apology about the company's recent financial performance." [A]s AI applications such as OpenAI's ChatGPT rose in popularity, the underlying infrastructure required to train the huge models they rely on became a bigger focus. Nvidia has emerged as the top player in this space with its graphics processing units (GPUs) that have become the gold standard used by tech giants for AI training. A crucial part of that semiconductor architecture is high-bandwidth memory, or HBM. This next generation of memory involves stacking multiple dynamic random access memory (DRAM) chips, but it had a small market before the AI boom. That's where Samsung got caught out and failed to invest... SK Hynix saw this opportunity. The company aggressively launched HBM chips which were approved for use in Nvidia architecture and, in the process, the South Korean firm established a close relationship with the U.S. giant. Nvidia's CEO even asked the company to speed up supply of its next generation chip, underscoring the importance of HBM to its products. SK Hynix posted record quarterly operating profit in the September quarter... Analysts said that Samsung is lagging behind competitors for a number of reasons, including underinvestment in HBM and the fact that it is not a first-mover. "It is fair to say that Samsung has not been able to close the gap with SK Hynix on the HBM development roadmap," said Kazunori Ito [director of equity research at Morningstar]. Samsung's ability to make a comeback in the short term appears to be closely linked to Nvidia. A company must pass a strict qualification process before Nvidia approves it as a HBM supplier — and Samsung has not yet completed this verification. But a green light from Nvidia could open the door for Samsung to return to growth and compete more effectively with SK Hynix, according to analysts.

Read more of this story at Slashdot.

The roofing contracting market is hot, but high volume can create sloppy practices that can haunt you when the market slows.

See how CRS, Inc. helped roofing contractors during difficult times with RC's exclusive coverage of the inaugural Carlisle Experience Award.

Anthony Markgraf, co-founder of Clear Cut Xteriors, transformed from a one-time cell phone salesman to a roofing success with business partner Adam Bidler.

IKO, the Canadian roofing, waterproofing, and insulation manufacturer, launched a new website for IKO Commercial users with a mobile-friendly design, geotargeting, enhanced navigation and more. 

RAFTR Roofing + Exteriors partnered with RoofMarketplace to streamline the roof claims process, using remote data and contractor feedback to simplify and reduce costs for homeowners.