Energies
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STARTRADER Market Recap | 04-May-2023
Gold prices surged today to a new all-time high following a 25-basis point interest rate increase by Fed, with an indication that further rate hikes may be avoided. According to Federal Reserve Chair Jerome Powell, the central bank remains committed to combatting inflation and reducing it to the targeted 2% level. As a result, bothContinue Reading
Gold Is at New Historical Levels
Market News Summary The US stock exchanges suffered a significant loss of $525 billion in market value over the past three sessions, with the total market value reaching $53.2 trillion by the end of Wednesday’s session. The New York Stock Exchange was hit hard, losing $269 billion, while the Nasdaq Stock Exchange lost about $256Continue Reading
Markets Await the Fed Meeting
Market News Summary Investors and analysts are eagerly anticipating Jerome Powell’s comments on monetary policy and recent banking turmoil, following the Federal Reserve’s interest rate and summary economic outlook announcement. Meanwhile, European stocks experienced a decline in the closing of trading on May 2nd, due to a drop in oil prices, which led to aContinue Reading
Calm Markets Prevail Ahead of Federal Reserve Meeting Tomorrow
Market News Summary Next week, US President Joe Biden has invited the four most prominent leaders in Congress to the White House for a meeting, following a warning from the Treasury Department that the available cash may not suffice to cover the government’s obligations by June. Sources have revealed to Reuters that Morgan Stanley isContinue Reading
STARTRADER Weekly Update | OPEC+ Agreement Commenced a Voluntary Cut in Oil Production
On May 1, numerous countries involved in the OPEC+ agreement commenced a voluntary cut in oil production. The reduction in production will persist until the end of 2023, resulting in a total decrease of 1.66 million barrels per day. Consequently, the prices of crude oil futures contracts have fallen to levels of $76.60 per barrel.Continue Reading
