STARTRADER Market Recap | 16-Aug-2023
Credit card balances in the United States jumped in the second quarter, surpassing a trillion dollars for the first time. The total credit card debt increased by $45 billion from April to June, marking a growth of over 4% compared to the previous quarter.
Markets are eagerly anticipating the upcoming release of the U.S. Consumer Price Index data, which is scheduled for tomorrow. Inflation is predicted to have accelerated slightly in the United States for July, reaching an annual rate of 3.3%. Additionally, the core rate is expected to remain unchanged at 4.8%.
Worries reappeared in the financial sector due to Moody’s credit rating agency downgrading multiple American banks. The agency reduced the credit rating for 10 smaller to medium-sized banks by a notch and is currently reviewing 6 banks for potential downgrades.
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
https://youtu.be/nC7s5cO7Xl8 Gold prices (XAU/USD) have recovered modestly from a one-month low near $2,583-$2,584 touched during…
https://youtu.be/ZlrmvoOvDd4 Gold prices (XAU/USD) are struggling to maintain a modest rebound after touching a one-week…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
Dear Valued Clients, The global gold market has experienced significant volatility recently, with market liquidity…
Over the last decade, the Indian marketplaces have emerged as one of the growing hub…
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