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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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Market Recap | 18-July-2024

In the commodities market, gold price rose slightly to around $2,470 per troy ounce on Thursday, remaining near record highs. This is attributed to growing optimism that the Federal Reserve will cut interest rates in September, making gold more attractive to investors. Fed Governor Christopher Waller mentioned the central bank is ‘getting closer’ to a rate cut, and Richmond Fed President Thomas Barkin noted easing inflation.

In the currency market, the EUR/USD pair weakened to approximately 1.0935 on Thursday, ending a two-day winning streak. The dollar strengthened as traders became cautious ahead of the European Central Bank’s monetary policy meeting.

In the US, the weekly Initial Jobless Claims and Philly Fed Manufacturing Index will be released later today.

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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STARTRADER Limited is regulated by the Financial Services Authority ("FSA") in Seychelles and holds License No. SD049. Registered under Registration Number 8427362-1, STARTRADER’s physical office is located at Block B, Room 2, No. 2, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles, with the registered address at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Tel: +248 4325865. Email: [email protected].

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