Catch the most important topics for the market right now! E | FBS Analytics

Catch the most important topics for the market right now!

Elon Musk's wealth tumbled by $15 billion after Tesla shares dropped by 9% in one day. Among the reasons that pulled the stock down, we can cite the company’s Bitcoin purchase, which added to volatility; the recent cut of Model Y prices; and increasing competition. In addition, the stock has simply become overbought. Tesla experiences battery shortage and this may affect its business a lot.
Meanwhile, Bitcoin is rising after the head of Ark Investment Management Cathie Wood spoke to support it. BTC/USD is back above $50 400.
The Fed’s Chair Powell said inflation is still ‘soft’ and the Fed is committed to current policy. The USD remains calm.
GBP/USD has reached a new high above 1.4200. The pair since then has turned down and got back to 1.4150. The UK aims for faster vaccinations to regain economic traction before time.
NZD/USD is up by 0.59% after the RBNZ gave an optimistic assessment of the economy and didn’t express many concerns about the rise of the kiwi dollar,
Oil rose as market players are optimistic and expect the rally to continue into summer. Brent is up at $65.80.
Clubhouse hired an Android developer. Are you waiting for it?