Bergabunglah dengan Tantangan Xtrader PU Hari Ini

Bertransaksi dengan modal simulasi dan dapatkan keuntungan nyata setelah Anda lulus penilaian trader kami.

  • Market Insights  >  Weekly Outlook

7 November 2022,06:36

Weekly Outlook

U.S. Midterm Elections Underway

7 November 2022, 06:36

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

After weeks of campaigning, the 2022 U.S. midterm elections are set to be held on 8th November, Tuesday.  With inflation in full swing and multiple signals of an impending recession, it looks the economy – more specifically the cost of living – might decide who the winning party is. All 435 House seats and 35 out of 100 Senate seats are on the ballot. A win by the Republicans might create additional obstacles for many of the current administration’s policies, including aid to Ukraine and Biden’s student debt policies. 

Elon Musk’s Big Changes at Twitter

It’s official, Elon Musk now owns Twitter. The Tesla and SpaceX CEO paid a grand total of US$44 billion for the social media platform, turning it into a privately-held company at the price of $54.20 per share. One of Musk’s first moves was to fire upper management – letting go of CEO Parag Agrawal, CFO Ned Segal, head of legal Vijaya Gadde and general counsel Sean Edgett. Roughly half the company, 3700 staff members, were also laid off in a manner that was described as haphazard. The company is now in a precarious state, with many advertisers suspending or pulling out of their Twitter partnerships due to concerns over the kind of objectionable content Musk’s “free-speech absolutism” might invite to the social media platform.

Rate Hikes Across the Board

The Fed announced another outsized rate hike at its 2 November meeting, confirming the market’s expectations. While Fed Chair Jerome Powell announced that the pace of hikes might slow in the coming hikes, rates are not about to reverse any time soon as inflation continues. Powell’s hawkish outlook sent the markets risk-off. Meanwhile, the BoE also delivered its largest hike in 33 years even as new PM Rishi Sunak navigates the country through an impending recession.

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

Dapatkan diskon 20% untuk setiap tantangan. Gunakan kode: EG20

Ambil Tantangan