#MarketNews

#MarketNews

Happy Sunday, dear traders! Look at the major news on this week

  Federal Reserve Chair Jerome Powell indicated the Fed is nearing the confidence required to reduce interest rates, contingent on more evidence that inflation is consistently moving towards the 2% target.

Google (#GOOGLE) has established its first cybersecurity base in Tokyo, the Asia-Pacific region, aiming to bolster cyber countermeasures. Google stock is up 2.27% today.

Bundesbank President Joachim Nagel anticipates a possible interest rate cut by the European Central Bank before the summer break, contingent on economic data.

Boeing (#BA) is overhauling its employee bonus structure to prioritize safety and quality. The company's stock is up 1.08%.

  Oil prices increased due to rising demand from the world's largest consumers, the United States and China, alongside optimistic signals from the US Federal Reserve.

Alibaba's Lingxi Games announces a leadership change, with the current management stepping down to allow a younger team of executives to take over. Alibaba (#ALIBABA) shares were down 1.59%.

China's electric vehicle sales growth slowed in the first two months of the year compared to the same period in 2023 amid intensifying competition and consumer concerns over EV battery performance in cold weather.

Gold is on track for its best weekly performance in five months and is hitting record highs as comments from Federal Reserve Chairman Jerome Powell support expectations of a mid-year interest rate cut.

How was your trading week? Share your opinion in the comments!

#Networking 

Have a fantastic Sunday, fans of finance!

"The Alchemy of Finance" by George Soros is our recommendation.

Why should every trader read this book?

 Reveals George Soros' theory of reflexivity and its application to financial markets.
Provides a first-hand account of how Soros navigated the markets to make his fortune.
Challenges traditional market theories by offering a new perspective on market dynamics and speculation.

Soros reveals complex financial concepts, making them accessible and compelling. His candid account of what lies behind his investment decisions is both educational and inspiring.

Do you have a favorite book that changed your views on trading? Leave your recommendations in the comments below