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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Monday’s Market Update I 01-July-2024

Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains.

Both contracts gained around 6% in June, with Brent settling above $85 a barrel in the past two weeks after OPEC+ extended most of its deep oil output cuts well into 2025

Over In the European market, the euro rose on Monday following the first round of France’s snap election, which saw the far-right taking the lead, albeit by a smaller margin than expected. This, coupled with a downgrade to Japan’s first-quarter growth figures, pushed the yen lower.

The euro, which has fallen about 0.8% since President Emmanuel Macron called the election on June 9, was last 0.24% higher at $1.0737, after touching a more than one-week high of $1.0749 earlier in the session.

Latest Market Recap

Market Recap | 19-Dec-2024

Monday’s Market Update | 16-Dec-2024

Market Recap | 05-Dec-2024

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RISK WARNING
All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors. The effect of leverage is that both gains and losses are magnified. The prices of leveraged derivative products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be required to make further payments. It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. Before deciding to invest in any financial product, you should carefully consider your investment objectives, trading knowledge and experience and affordability. You should seek independent professional financial advice if you do not understand the risks involved. You should only trade in Forex and CFDs if you have sufficient knowledge and experience of the risks involved in trading such products and if you are dealing with money that you can afford to lose. STARTRADER International PTY Limited assumes no liability for any loss sustained from trading in accordance with a recommendation. Trading via this material is with STARTRADER International PTY Limited.

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