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STARTRADER Monday’s Market Update 20-11-2023

Oil prices jumped more than 4% on Friday, rebounding from their lowest levels in four months recorded in previous sessions, supported by investor profit-taking and amid US sanctions on some Russian oil tankers.

Meanwhile, the Russian Ministry of Energy stated on Friday that Moscow had lifted restrictions on gasoline exports after canceling most restrictions on diesel exports last month, citing excess in supplies. Wholesale prices also decreased.

Futures for US stocks opened stable at the beginning of the week, heading into the Thanksgiving holiday week, following a strong performance of US indices over the past three weeks, with the US dollar incurring its largest weekly loss in 4 months.

For more details, visit our website and follow us on social media.

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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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