Blogs

<p>Tesla CEO Elon Musk praised the speed and efficiency of the Chinese automotive industry in creating technology and that it has the potential to undermine the performance of competitors in Europe.</p><p><br /></p><p>Tesla has seen its stock drop after its quarterly earnings report showed a slowdown. It is inclu

U.S. share prices reacted poorly to Fed Chairman Powell&#8217;s press conference, ending January&#8217;s stellar month on a downbeat. Pre-market futures trading today suggest yesterday&#8217;s loss will be partly trimmed. Powell didn&#8217;t explicitly rule out a rate cut in March but indicated that a reduction then is not in the ba

<p>Gold trading also gave an interesting reaction following the market since yesterday focused on the highly anticipated FOMC meeting.</p><p><br /></p><p>This is due to the movement of gold which is inversely correlated with the US dollar currency.</p><p><br /></p><p>Before the meeti

<p>"Hmm do you think the price of BTC will go down again?"</p><p><br /></p><p>Bitcoin (BTC) fell below $42,500 when Federal Reserve (Fed) Chairman Jerome Powell made somewhat hawkish comments during the Federal Open Market Committee (FOMC) meeting at three o'clock this morning despite hopes of an i

<p>"Many countries have joined BRICS, will the agenda be achieved?"</p><p><br /></p><p>A few months after the 2023 BRICS Summit, South African Foreign Minister Naledi Pandor announced that Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE) have confirmed their interest in joining th

<p>"I really like Robert Kiyosaki with BTC, his confidence never collapses."</p><p><br /></p><p>Robert Kiyosaki, the famous author of 'Rich Dad Poor Dad' who is a strong supporter of the cryptocurrency Bitcoin (BTC) has gained attention after revealing his investment strategy on X's socia

<p>Oil prices closed lower yesterday due to lower economic pressure in major crude importer China and a sharp increase in US crude inventories since the cold weather-induced increase in production this month.</p><p><br /></p><p>Brent crude for March ended yesterday was down $1.16 (1.4%) to $81.71 a barrel and the

<p>What happened to the GBP/USD currency pair chart after the FOMC meeting early this morning?</p><p><br /></p><p>At first the price increase was shown to reach the level of 1.27500, but after the market evaluated the statement delivered by the Chairman of the Federal Reserve (Fed) Jerome Powell at the FOMC meeti

<p>The Bank of England kept interest rates unchanged on Thursday, after policymakers issued differing views on the right move for policy, and Governor Andrew Bailey wanted more evidence that inflation would return permanently to target before making a move.</p><p><br /></p><p>Six of the nine members of the Moneta

<p>Major central banks were seen keeping interest rates on hold in January, in line with an expected change in tone in global monetary policy, while several other emerging market countries continued to cut rates.</p><p><br /></p><p>January saw six of the central banks overseeing the 10 most traded currencies – th