Xpeng has recently launched its new mass-market Mona brand, offering electric cars at prices as low as $16,812. This move positions the Chinese automaker as a strong competitor in the market, especially with prices significantly lower than Tesla’s Model 3. The company announced that orders for the Mona M03 electric coupe surpassed 10,000 within just
When it comes to trading and investing in cryptocurrencies and contracts for difference (CFDs), it is crucial to understand the high level of risk involved. Both cryptocurrencies and CFDs are complex instruments that come with the potential for losing a significant amount of money. Before diving into these markets, individuals should carefully consider whether they
The partnership between Xpeng, a Chinese startup, and Volkswagen, a German auto giant, has been making waves in the electric car industry. Hundreds of Volkswagen staff are currently spending time at Xpeng’s offices in order to work together on developing electric cars specifically for the Chinese market. This joint effort, which was announced in July
Recent statements from Federal Reserve officials have indicated that a rate cut in September is very likely. Although the exact size of the reduction remains uncertain and dependent on data, Deutsche Bank economists believe that it is almost certain. The decision to cut rates in September will be primarily based on labor market data, according
The Indian Rupee has experienced a weakening trend in Tuesday’s early Asian session due to month-end USD demand and higher crude oil prices. These factors have put pressure on the INR, causing traders to be cautious in their approach. The recent economic growth data indicating a slowdown in India’s GDP growth rate has also contributed
China’s new property sales have continued to remain weak, which has also led to a decrease in steel demand and production. This is a significant factor that could potentially influence the Australian dollar to US dollar exchange rate. The recent remarks by Judo Bank Chief Economic Advisor Warren Hogan regarding the August PMI Survey and
GBPUSD has recently broken above the previous peak on 7.14.2023 high at 1.3143, showcasing a higher high bullish sequence from the 9.26.2022 low. This definitive move leaves no doubt about the direction of the pair, which is undeniably higher. The rally from the 4.22.2024 low is currently unfolding as a 5-waves impulse Elliott Wave structure.
The recent surge in the Dow Jones Industrial Average to an all-time high has caught the attention of investors around the globe. However, this milestone comes amidst a mixed finish for U.S. stock indexes as tech giants like Nvidia, Microsoft, Amazon, Meta Platforms, and Tesla decided to take a breather, causing the Nasdaq to stumble
The recent strengthening of the Japanese yen against the US dollar has been influenced by key remarks made by the Bank of Japan and the US Federal Reserve. Governor Kazuo Ueda’s hawkish comments regarding a potential adjustment of monetary policy in line with economic trends have raised expectations of an interest rate hike. This comes
The Federal Reserve’s holdings of mortgage bonds have been a subject of interest for academics and policymakers alike. In a recent paper presented at a central bank research conference, economists highlighted the central role that these holdings play in shaping the economy’s momentum. This article aims to delve deeper into the impact of the Fed’s
The recent dovish shift by the U.S. Federal Reserve is likely to have implications for the Bank of Japan’s efforts to manage a weak yen. The Fed Chair, Jerome Powell, signaled a forthcoming rate cut due to rising risks in the job market, causing market participants to anticipate easing measures. Conversely, BOJ Governor Kazuo Ueda
The Canada Industrial Relations Board has made a decision to put a stop to the work stoppages that have been plaguing the country’s largest railways. This decision comes after an unprecedented service disruption that threatened to have a significant impact on Canada’s export-driven economy. The independent labor tribunal intervened after a request from Canada to