The Bank of England (BoE) might push the UK economy into a depression with rising interest rates. According to a Reuters poll, the Bank of England will raise borrowing costs by a further 50 basis points (bps) starting next month before reducing the rate to a more typical 25 bps increase in November and then Read More…
The US has recently seen a surge in the value of inflation, which has widespread repercussions as seen from the response from forex trading and other circles. There are different perspectives regarding the impacts of US inflation, as some take it as a positive driving force while others believe that it leads to a struggling Read More…
Over the last few months, rising oil prices have many market participants’ attention. The chart below shows the price of oil, which peaked at the end of October 2021 and then fell about 25%. It bottomed in early December 2021 and hasn’t looked back. Oil broke through the Oct 2021 high of $85 a barrel Read More…
Europe’s futures increases. While strong data from China played a huge role, the European stock market ended the week on a careful note because of fears of the long-awaited coronavirus vaccine. When it was 02:00 AM Eastern Time, (07:00 GMT) the Germany DAX futures contract traded 0.1% in the upward direction, whereas the CAC 40 Read More…
The electric car manufacturer, Tesla grew 500% in 2020 and is by far the most valuable car manufacturer in the world, despite its far less production than Volkswagen, Toyota, or General Motors. Wall Street announcement of including Tesla in S&P 500 The technology company is currently under $6 billion to reach a market value of Read More…
Silver rose past double of the price and then stopped. The precious metal may show a bearish reversal at the end of November. At the turn of the year, buying silver has yielded profits for investors in recent years. The precious metal has been the most volatile from 2011 to 2020. Current contracts traded in Read More…
