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STARTRADER Monday’s Market Update 09-10-2023

Oil and gold prices witnessed an increase at the beginning of this week due to geopolitical concerns arising from the confrontations between Israel and the Gaza Strip. Gold opened with a price gap of approximately $16.

On the other hand, futures contracts for US stocks declined due to these geopolitical risks, which entered an already fragile market suffering from inflation and rising interest rates.

Investors are awaiting several important economic data releases, including consumer price data, inflation rates, and the minutes of the Federal Open Market Committee meeting next Wednesday.

Latest Market Recap

Market Recap | 17-Oct-2024

Monday’s Market Update | 14-Oct-2024

Market Recap | 11-Oct-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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