Energies
Monthly Archives: May 2023
Gold is on the Bullish
Written on May 9, 2023 at 8:20 am, by Designer
Market News Summary European stocks ended the trading session on Monday, May 8th, on the rise, supported by gains in the healthcare and banking sectors. At the end of the session, the STOXX600 index rose by 0.35% to 466 points, while the German DAX declined by less than 0.1%, closing at 15,952 points, and theContinue Reading
The Dollar Stabilizes Within a General Bullish Trend
Written on May 8, 2023 at 6:28 am, by Designer
Market News Summary US Treasury Secretary Janet Yellen has warned that failure to raise the debt ceiling would result in a sharp economic contraction in America. “Our current projections are that we will be unable to pay our bills at the beginning of June unless Congress raises the debt ceiling, which I strongly urge CongressContinue Reading
Markets Await the US Jobs Data
Written on May 5, 2023 at 7:28 am, by Designer
Market News Summary The Russian ruble rose during trading yesterday, Thursday, to its highest level in more than a month, continuing its gains for the fifth consecutive session. This was due to oil prices stabilizing after a recent decline, which somewhat reduced the impact of the decline in the supply of foreign currencies in Russia.Continue Reading
STARTRADER Market Recap | 04-May-2023
Written on May 4, 2023 at 10:41 am, by Designer
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
Written on May 4, 2023 at 8:27 am, by Designer
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
Written on May 3, 2023 at 9:56 am, by Designer
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
Written on May 2, 2023 at 8:27 am, by Designer
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
Written on May 2, 2023 at 7:00 am, by Designer
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
Initiating a Voluntary Reduction in Oil Production
Written on May 1, 2023 at 7:07 am, by Designer
Market News Summary Hedge funds that had bet against US technology stocks lost approximately $18 billion as the sector’s large gains led to a sharp recovery in stocks. Crispin Odey and James Hanbury are among the most prominent funds that have incurred losses as a result of the Nasdaq Composite Index rising by about 16%Continue Reading
