STARTRADER Market Recap | 16-Aug-2023
A report from the Department of Commerce indicated that retail sales in the US grew by 0.7% last month, surpassing expectations of a 0.4% increase, suggesting the American economy remains robust.
Concerns were reignited that interest rates might remain high for an extended period following the latest economic data. Investors are eagerly awaiting today’s release of the Federal Open Market Committee (FOMC) Meeting Minutes, which will outline the Federal Reserve’s upcoming plans.
Meanwhile, shares of major banks retreated after Fitch Ratings warned of potential credit rating downgrades for dozens of banks. Indeed, JP Morgan’s stock dropped by approximately 2.5% on Tuesday, recording its biggest daily loss in over 4 months, causing the bank to lose about $11 billion in market value in a single day.
EURUSD 1H chart shows downtrend accelerating in recent sessions since the beginning of the week.…
Key Takeaways: GDP numbers in the US show contraction in the economy of 0.3% in…
Dear Valued Clients, To further optimize platform resource allocation and enhance service efficiency, STARTRADER will…
Dear Valued Client, We are writing to inform you of a recent incident involving the…
Swiss Franc falls as USDCHF recovers from its historical lows Following downtrend breakout, USDCHF sets…
Key Takeaways: U.S. Stock Markets close higher on Tuesday on hopes of trade deals between…
This website uses cookies.