Unisciti alla Sfida di PU Xtrader Oggi

Fai trading con capitale simulato e guadagna profitti reali dopo aver superato la nostra valutazione del trader.

  • Tag:
  • Market Insights  >  Weekly Outlook

27 June 2022,01:48

Weekly Outlook

Powell Raises “Unconditional” Commitment to Battling Inflation

27 June 2022, 01:48

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Fighting rampant inflation has become the Fed’s main objective, and Fed Chair Jerome Powell’s words to the US House Financial Services Committee during his semi-annual testimony might have sparked more than a few fears about a recession. Specifically, it means that the Fed might be ready to cause increased unemployment or even a recession – even if it’s not the Fed’s intention to do so – just to bring down inflation to projected levels. 

G-7 Nations Announce Ban on Russian Gold

US President Joe Biden has confirmed that the G7 nations were going to announce a gold sanction on Russia – the latest in a line of sanctions already made against the state after it launched an invasion of Ukraine. Gold is a major export for Russia, which is the world’s second-largest producer and earns tens of billions from it. Gold is being used by the country to support the Russian ruble, which, despite the sanctions, hit its strongest in 7 years recently. 

$100 Million Lost in Crypto Hack

The latest blow to the floundering crypto industry: a US$100 million hack on Horizon, the blockchain bridge developed by crypto company Harmony. Harmony has released a statement that it was working with the FBI and cybersecurity experts to investigate the hack. This comes in the wake of other high-profile crypto hacks including the $600 million stolen from the Ronin Network, and $320 million from Wormhole.

FacebookLinkedInTwitterShare

Start trading with an edge today

Trade forex, indices, cryptocurrencies, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.

Latest Posts

20% di sconto su tutte le sfide. Utilizza il codice: EG20

Accetta la sfida