Talk of the Week

Hey traders, we hope you had a great week! This week, these were some of the hot topics raised by FOLLOWME's users in line with the market sentiment, let’s see if you are on the same page:

#Powell'sSpeech# - This week, the chairman of the U.S. Federal Reserve (Fed), Jerome Powell delivered his bi-annual monetary policy report to the U.S. Congress. The chairman reiterated the central bank’s commitment to restore full employment in the economy and assuaged inflation fears. What were some of your key takeaways from his testimony?

#UStreasuryyields# - The U.S. Treasury yields have been rising lately. This week, the 10-year U.S. Treasury yields rose above 1.5% for the first time since February 2020. However, on Feb 22, Forbes reported that this is also causing concerns among investors that this could be the sign of the market overheating. What are your thoughts? 

#bitcoinsurge# - Bitcoin has successfully recorded an all-time high above $57,000. However, the flagship cryptocurrency has since pulled back, and a certain degree of volatility has since been observed in its price movement. How do you think Bitcoin’s price is going to move in the coming days ahead?

#InitialJoblessClaims# - The latest initial jobless claims stood at 730,000 and has declined 111,000 from the previous week. According to the Wall Street Journal, this would be the lowest weekly level since late November 2020. How was your reaction to this latest result and do you think that the decreasing trend will continue?

Share your thoughts in the comment section!