Energies
Monthly Archives: May 2023
The Dollar Index Settles Above 102
Written on May 17, 2023 at 7:16 am, by Designer
Market News Summary US retail sales rose less than expected in April, but still showed strength, which resulted in the dollar gaining value and pushing the 10-year Treasury yield to a two-week high. On Tuesday, May 16, Tesla CEO Elon Musk expressed his belief that the Federal Reserve (Fed) has been too slow in raisingContinue Reading
Gold Falls to $2004
Written on May 16, 2023 at 9:43 am, by Designer
Market News Summary European stocks ended the trading session on Monday, May 25th, on a mixed note, amid the follow-up to the Turkish presidential and parliamentary elections and the debt ceiling discussions in America. At the end of the session, the STOXX600 index rose by 0.23% to 466 points, the British FTSE rose by 0.3%,Continue Reading
STARTRADER Monday’s Market Update 15-05-2023
Written on May 15, 2023 at 1:25 pm, by Designer
On Monday, May 15th, oil prices experienced a decline as concerns regarding fuel demand in the United States and China, the world’s two largest oil consumers, outweighed the positive sentiment surrounding supply shortages resulting from production cuts implemented by the OPEC+ group. Additionally, the resumption of purchases by the United States of its reserves failedContinue Reading
What Is Copy Trading? What Are the Benefits and Risks Involved?
Written on May 15, 2023 at 12:01 pm, by Designer
What Is Copy Trading? One of the questions that traders would ask is what is copy trading? What are the benefits and risks involved with it? It is a tool that can save you a lot of time and potentially increase your returns. For some, investing requires a significant amount of study and hard work.Continue Reading
Oil Prices Fall Below $70 Again
Written on May 15, 2023 at 7:39 am, by Designer
Market News Summary The head of the Supreme Election Commission in Turkey, Ahmed Yanar, stated that President Recep Tayyip Erdogan is leading the presidential race after obtaining 49.49% of the votes, with 91.93% of them counted. The percentage of votes obtained by Kemal Kılıçdaroğlu, the opposition candidate and Erdogan’s main rival, reached 44.49%. European stockContinue Reading
Debt Ceiling Discussion Meeting Postponed
Written on May 12, 2023 at 6:54 am, by Designer
Market News Summary A meeting on the debt ceiling, planned for Friday between President Joe Biden and top congressional leaders, has been postponed until early next week. Biden was expected to meet with Speaker of the House Kevin McCarthy, Senate Minority Leader Mitch McConnell, Senate Majority Leader Chuck Schumer, and House Minority Leader Hakeem Jefferies.Continue Reading
The Dollar Index Is Recovering before the European Session
Written on May 11, 2023 at 7:59 am, by Designer
Market News Summary British Financial Services Minister Andrew Griffiths said on Wednesday that Britain should not be left behind in rapid financial innovation and was close to deciding when to release a digital version of the pound. The Treasury and the Bank of England launched a public consultation in February on paving the way. AContinue Reading
Markets Are Awaiting Today’s Inflation Data
Written on May 10, 2023 at 7:33 am, by Designer
Market News Summary S&P Global Market Intelligence has revised its forecast for real economic growth in the United States, lowering it by 20 basis points to 1.2% for 2023 and by 90 basis points to 0.9% for 2024. This revision was made due to concerns about the country’s debt default risks and banks tightening theirContinue Reading
