Tue, Jun 18, 2024

US Dollar: Biden’s SOTU: US Inflation Hits World’s Lowest at 3%, Declining

US President Joe biden addressed before congress union members meet outcome is inflation is down to 3% it is lowest in the world, We aids more to Israel to support Gaza civilians,  we must stop this war and speech is going in the past 6 weeks.

President Biden’s Friday State of the Union (SOTU) highlights:

– Inflation hits a world-low of 3%, showing a downward trend.

– Ensuring a soft landing for the economy.

USDCHF is moving in Descending channel and market has reached lower high area of the channel

USDCHF is moving in Descending channel and market has reached lower high area of the channel

– Urgent call for increased aid to Gaza by Israel, safeguarding humanitarian workers.

– Tirelessly working towards a six-week ceasefire.

US Dollar: Biden Warns of Democracy Risk, Criticizes Trump in SOTU

US President Joe biden addressed before congress union members meet outcome is inflation is down to 3% it is lowest in the world, We aids more to Israel to support Gaza civilians,  we must stop this war and speech is going in the past 6 weeks.

In a fiery State of the Union speech, President Biden launched a scathing attack on his November election rival, Donald Trump, warning of an “assault” on U.S. democracy. He emphasized the threat to freedom and democracy, accusing Trump of “bowing down” to Russian President Vladimir Putin. Biden sought to position himself as the antidote to an anti-democratic Trump, addressing concerns about his age and highlighting his commitment to freedom. The speech covered various topics, including abortion, the U.S. economy, the war in Gaza, and Biden’s response to leftists’ criticism over his support for Israel. Trump, in a pre-speech video, criticized Biden’s tenure, focusing on immigration issues. The speech aimed to outline Biden’s campaign platform as the battle for the 2024 election intensifies.

US Dollar: Key Points from Biden’s SOTU

US President Joe biden addressed before congress union members meet outcome is inflation is down to 3% it is lowest in the world, We aids more to Israel to support Gaza civilians,  we must stop this war and speech is going in the past 6 weeks.

President Joe Biden presented a lively third State of the Union address, marking a potentially pivotal speech as he pivots towards reelection. With a comprehensive agenda, he aimed to highlight his achievements, outline a second-term plan, address concerns about his age and fitness, and draw distinctions from Republicans, notably his rival Donald Trump. The outcome was an impassioned speech that diverged significantly from previous State of the Union addresses. Biden, determined to showcase his vigor and foster engagement with Republicans, delivered a distinctly political address, with the aspiration of alleviating Democratic apprehensions about his political future.

Biden Confronts Trump

While President Biden refrained from directly mentioning his predecessor’s name during his address, it was evident that Trump loomed large at the core of the State of the Union, rendering Thursday’s speech one of the most politically charged annual addresses in recent memory.

US Dollar index heads towards 93 levels as Strong Retail sales printed last week

This reflection encapsulates the extraordinary political juncture in which Biden currently finds himself, witnessing the sweeping aside of political norms from past decades, norms he has openly expressed nostalgia for.

Employing the advantage of incumbency, the president took several jabs at Trump, referencing “my predecessor” 13 times in his prepared remarks as he seized the bully pulpit. In the opening of his speech, he criticized the former president for encouraging Russia to invade NATO members falling short of defense spending targets.

Following this, Biden addressed the issue of election lies post-2020, labeling them the “gravest threat to democracy” since the Civil War. A consistent pattern emerged throughout the speech, touching on topics such as abortion, immigration, and taxes, where Biden drew sharp contrasts with Trump, earning cheers from Democrats in the audience.

This unequivocal stance reveals Biden’s perspective on the upcoming general election, emphasizing that the very future of American democracy is at stake. Even as he highlighted his own achievements, Biden underscored the importance of cautioning against the potential repercussions should Trump make a return to office.

Biden Presents an Unpredictable, Unrestrained Address

State of the Union speeches typically follow a structured format, characterized by predictable lists of policies and proposals. However, Thursday’s address by Biden broke from this tradition, featuring frequent deviations from the script with ad-libbed lines and exchanges with Republicans.

The outcome was the liveliest State of the Union in years, with the House chamber infused with the excitement of an election year. The president engaged in casual debates with Republicans, delving into topics such as taxes, Social Security, and immigration. These interactions injected energy into his speech, building on the momentum established during last year’s address when his spontaneous exchanges with Republicans became noteworthy.

Biden’s willingness to spar with Republicans allowed him to not only demonstrate his readiness for dialogue but also, from his perspective, dismantle some of their arguments. An interruption by Rep. Marjorie Taylor Greene, drawing attention to the murder of nursing student Laken Riley by an undocumented immigrant, prompted a direct response from Biden. He seized one of the pins distributed by the Georgia Republican, bearing the inscription “Say Her Name: Laken Riley,” and used the term “illegal,” a departure from the conventional Democratic language when describing immigrants.

Biden Displays Vigor and Assertiveness Amid Age Concerns

The issue of Biden’s age and fitness for office has undeniably become a prominent backdrop to the presidential campaign, prompting many Democrats to express a preference for an alternative candidate.

to Joe Biden in the letter he is not again supporting US Democrats for rising Debt limits.

It was inevitable that Biden would confront this matter during his State of the Union, irrespective of his inclination. Beyond the content of his speech, how he conveyed his message, and his overall demeanor played crucial roles in shaping how Americans perceived him.

The president emerged with high energy, delivering a dynamic speech that contrasted sharply with some of his more restrained efforts that had raised concerns among supporters. Much of the speech was delivered with heightened volume, showcasing a departure from his subdued tones.

USDCHF is moving in box pattern and market has reached support area of the pattern

USDCHF is moving in box pattern and market has reached support area of the pattern

In the lead-up to the speech, Biden dedicated significant time to refining and meticulously rehearsing his address, both at the White House and the presidential retreat Camp David. The preparation seemed to pay off, evident in his compelling delivery on Thursday night.

Recognizing that the age issue was on voters’ minds, aides acknowledged its significance and anticipated the president’s readiness to address, if not dwell on, the matter during his speech.

Biden strategically defused the concern by highlighting that Trump is nearly the same age but with what he characterized as an outdated and vengeful outlook. Injecting humor into the situation, he remarked, “When you get to be my age, certain things become clearer than ever.” He emphasized that the true challenge facing the nation lies not in age but in the staleness of ideas, asserting that the country cannot lead with antiquated notions.

The president strongly advocates for American leadership on the global stage in his speech. While State of the Union addresses typically focus on domestic issues for the Congress and American people, current global tensions, such as the ongoing Russia-Ukraine war and Israel’s conflict with Hamas in Gaza, have made foreign policy a prominent aspect of Biden’s address. Despite foreign affairs not always being the primary concern for voters, Biden addressed these international challenges, particularly emphasizing the need for humanitarian aid in Gaza and announcing plans for a temporary port to facilitate the entry of essential supplies.

US Dollar moved inside the range market in last 2 days as Hit major resistance level of 93

The current president takes aim at reshaping and resetting the narrative for the upcoming 2024 elections. As he approached Thursday’s speech, Biden’s primary objective was to remind American voters, many of whom may have disengaged in the past three years, of his accomplishments.

Despite economic recovery from the Covid-19 years, polls indicate lingering dissatisfaction among voters regarding the country’s direction. Many Americans are unaware of the strides Biden has made in revitalizing the economy, prompting him to term it “the greatest comeback story never told.” This phrase serves as a response to what he perceives as consistently negative media coverage and an acknowledgment that he needs to better communicate his agenda to the public.

USDCHF is moving in Ascending channel and market has reached higher low area of the channel

USDCHF is moving in Ascending channel and market has reached higher low area of the channel

Biden’s team recognizes the delicate balance required, understanding that Americans with genuine economic concerns may not want to hear about positive indicators they aren’t personally experiencing. Consequently, Biden strategically focused on populist themes during the speech, such as raising tax rates on the wealthy and corporations and reducing prescription medication costs. Democrats are optimistic that addressing issues like corporate greed and price gouging will resonate well, especially as concerns about the cost of living continue to impact Biden’s poll numbers.


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