STARTRADER Market Recap for 24-May-2023
Another round of debt ceiling talks in the US ended without an agreement, putting pressure on the markets. As a result, gold rose yesterday and has been trading within a narrow range this week between $1955 and $1982 an ounce, following a horizontal trend. Investors are now eagerly awaiting the release of FOMC Meeting Minutes, hoping to find indications of what to expect in the upcoming period, particularly regarding monetary policy and economic outlook. In Tuesday’s session, US indices closed lower across the board, as investors grew increasingly concerned about the lack of progress in talks to raise the US debt ceiling. These concerns have led to a surge in yields on the one-month Treasury note, reaching a record high of 5.88%.
After the fluctuation we saw at the beginning of April, U.S. Equities rebounded this week,…
Gold remains supported and the US dollar under pressure as Asian exporters - particularly South…
The gold price has been grinding lower in the latest trading sessions, breaking the 30-SMA,…
Gold falls below $3,300 following a strong rally beyond $3,500 Gold prices fell sharply last…
U.S. Stock Markets drop in early trading. Investors brace for earnings data Stock futures fell…
U.S. Stocks rise for the third consecutive day Nasdaq broke two crucial resistance levels in…
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