انضم إلى تحدي PU Xtrader اليوم

تداول برأس المال المحاكي واحصل على أرباح حقيقية بعد اجتياز برنامج تقييم المتداول الخاص بنا.

  • Market Insights  >  Weekly Outlook

24 October 2022,07:11

Weekly Outlook

Liz Truss Resigns from Office

24 October 2022, 07:11

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

UK Prime Minister Liz Truss resigned last week, making her the UK’s shortest-serving PM at just 44 days in office. Truss’ term has been plagued by criticism for her mini budget program, which included the biggest tax cuts since 1972, but would be largely funded  by a massive expansion in borrowing. The markets are now betting on MP Rishi Sunak, who has a background in finance, to be the next PM of the UK. Previously ousted PM Boris Johnson was also in the running, but has since quit the race. 

Joe Biden Awards $2.8 billion for EV Battery Manufacturing

US President Joe Biden has announced that his administration will be awarding US$2.8 billion in grants for US manufacturing of electronic vehicle batteries, as well as the extraction and processing of mineral battery components like lithium, graphie, and nickel. These will be funded as part of the White House’s $1 trillion bipartisan infrastructure. Ostensibly, the grant will turn demand away from fossil fuels, but more pointedly, decrease reliance on China for the minerals required for EV batteries.

Japan Reportedly Intervened in the Yen

As told to Reuters by sources close to the matter, Japan has intervened in the foreign exchange market for the second time in a month, buying yen to support the currency after it hit near a 32-year-low as the country continues with its ultra-easy monetary policy. The Bank of Japan has continued to keep interest rates low even as major governments around the rest of the world hike rates to combat rampaging worldwide inflation.

FacebookLinkedInTwitterShare

Become One Of Our Successful Traders

Trade with simulated capital and earn real profits after you pass our trader assessment.

  • One-time payment to begin your challenge.
  • Bi-weekly profit-sharing for your funded account.
  • Access to a vast array of trading options, including Forex, Commodities, Shares, Indices and more.

Latest Posts

20% الرمزخصم على أي تحديات. استخدم : EG20

تحدى التقاط الفرصة