Market Recap | 14-June-2023
According to a report from the US Department of Labor, the data showed that the Consumer Price Index (CPI) rose by 0.1% on a monthly basis in May, following a 0.4% increase in April. Additionally, the inflation rate increased by 4% on an annual basis, which is lower than expected.
Based on this data, investors have priced in a 93% probability that the Federal Reserve will maintain interest rates within the range of 5% to 5.25%, as investors await the FOMC Statement and the FOMC Press Conference. The S&P 500 index rose by approximately 0.7% ahead of the Federal Reserve’s decision, marking its highest closing in about 14 months.
https://www.youtube.com/embed/bnsScHyQBbQ Gold (XAU/USD) continues its bullish momentum for the fourth consecutive day, trading near $2,660,…
Dear Valued Clients, Please be advised that the leverage on all US Share CFDs products will…
Overview of the Event The Money Expo Qatar 2024 was held at the Doha Exhibition…
Dear Valued Clients, STARTRADER always prioritizes the interests of clients. With two-factor authentication (2FA), we…
Dear Valued Clients, Please be advised that the following CFD instruments will be automatically rolled…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
This website uses cookies.